Texas carbon capture project issues first credits under new Verra standard

Verra has approved the first carbon credits under its VM0049 carbon capture and storage (CCS) methodology, issued to BKV Corporation's Barnett Zero Project in Bridgeport, Texas. The project captures CO2 separated during natural gas processing and stores it permanently underground. This marks the first application of VM0049, alongside module VMD0062 for natural gas processing, opening a pathway for other developers to use the methodology. While VM0049 has received approval under the ICVCM's Core Carbon Principles, module VMD0062 is still under review.

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