Two ACR Methodologies Earn Core Carbon Principle (CCP) Approval from the Integrity Council for the Voluntary Carbon Market (ICVCM)



June 6, 2024

Destruction of Ozone Depleting Substances from International Sources and Landfill Gas Destruction and Beneficial Use Projects earn CCP Labels

Two ACR methodologies have earned Core Carbon Principle (CCP) approval from the Integrity Council for the Voluntary Carbon Market (ICVCM) in their first round of methodology assessments. Carbon credits issued to projects under the methodologies, Destruction of Ozone Depleting Substances (ODS) from International Sources (version 1.0) and Landfill Gas Destruction and Beneficial Use Projects (versions 1.0 and 2.0), are eligible for CCP-Approved status.

The CCP label, now active in the ACR Registry, is applied to credits issued to projects verified for conformance with the methodologies above. Close to two million ACR-issued carbon credits now bear the CCP label.

While ACR views this as an important step forward, we will continue to engage with ICVCM throughout their assessment process with the intent of securing CCP-Approved labels for all credits issued to our portfolio of active methodologies, which includes emission reductions and removals from industrial and nature-based solutions.

ICVCM approved ACR at the program level as “Core Carbon Principles (CCP) Eligible” in April 2024. To become approved, ACR submitted an extensive application to ICVCM for assessment. We provided evidence of being a CORSIA Eligible Emissions Unit Program, in addition to meeting the CCP’s criteria around effective governance, credit tracking, transparency, and robust, independent third-party validation and verification.

Since its founding in 1996 as the world’s first private greenhouse gas registry, ACR has innovated and operationalized key elements of carbon credit quality assurance, including scientific peer-reviewed accounting methodologies and well-accepted approaches to address additionality, leakage, and reversal risk mitigation; oversight of independent third-party verification; and operation of a transparent registry for the issuance and tracking of serialized credits.

ACR’s approach to program quality has earned approval to issue credits for use in regulated carbon markets, including the State of California’s Cap-and-Trade Program, the International Civil Aviation Organization’s (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), the State of Washington’s Cap-and-Invest Program, and towards compliance with Singapore’s Carbon Pricing Act.

ACR expects additional methodologies to earn ICVCM approval, which will provide confidence to buyers in credit quality and allow finance to flow to impactful climate solutions to support the goals of the Paris Agreement. The urgency of climate change demands nothing less.

About ACR

ACR is an internationally recognized carbon crediting program that operates in global compliance and voluntary carbon markets. A nonprofit enterprise of Winrock International, ACR was founded in 1996 as the first private greenhouse gas (GHG) registry in the world with the mission of harnessing the power of markets to improve the environment. ACR has long pioneered science-based methodologies for activities that reduce and remove GHG emissions in the forestry and land use, energy, and industrial sectors. ACR methodologies are built on the ACR Standard, which is rooted in sound science to ensure the emission reduction and removal credits we issue are real, additional, permanent, and independently verified.