Verra approves first carbon credits for Texas CCS project under VM0049

Verra has approved the first carbon credits under its carbon capture and storage (CCS) methodology VM0049 v1.0, for the Barnett Zero Project (Verra Project 6016) in northern Texas. The project, developed by BKV Corporation and verified by GHD Limited, captures CO2 from natural gas processing and stores it permanently in an injection well. This marks the first issuance of credits for permanent carbon storage under a methodology recently approved by the ICVCM as meeting the Core Carbon Principles. The approval establishes a credible pathway for CCS projects within the voluntary carbon market.

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