Chile recognises Verra's VCS programme under its Article 6 framework

Chile's Ministry of Environment has formally recognised Verra's Verified Carbon Standard (VCS) Programme under the country's framework for regulating international cooperation under Article 6 of the Paris Agreement. This allows VCS projects in Chile to follow national Article 6 procedures and supply credits for use under Article 6, provided they meet relevant national requirements. The recognition followed an evaluation by the ministry's Climate Change Division, which assessed the VCS Programme's integrity requirements and public registry. This recognition does not authorise individual projects or ITMOs, which must still meet all VCS Programme requirements and Chilean regulatory procedures. This is separate from the existing eligibility of Verified Carbon Units under Chile’s domestic carbon-tax emissions compensation system.

This summary was written by carbon.fyi from the reporting linked above. It is not a quotation; cite the original source.