Version history
Short term removal credits (50-100 years) no longer an option
Short term removals have limited value in offsetting GHG emissions
23/10/2023
V1.0 to V1.1
Added equations for calculation GHG reductions
Increased transparency
29/01/2024
V1.1 to V2.0
Specified that building developers are eligible for carbon credits based on their use of biobased materials in their constructions
Expanding the scope to include other types of actors that are decisive in the sector
29/01/2024
V1.1 to V2.0
Aligned terminology with ISO 14064-2:2019
Improved consistency with the voluntary carbon market
29/01/2024
V1.1 to V2.0
Added risk assessment template for permanence and environmental and social do no harm
Provide more detailed and prescriptive assessment framework, clearer instructions for project developers
29/01/2024
V1.1 to V2.0
Removed text for sections that are the same for all methodologies:
Measurability
Real
Additionality
Technology readiness level
Minimum impact
Independently verified
Repeated text from the Standard Rules
29/01/2024
V1.1 to V2.0
Distinction between reference service lifetime (RSL) and carbon storage duration (CSD)
Two lifetimes must be differentiated for two purposes: CSD for permanence criteria, and RSL for GHG reduction calculations/substitution criteria
29/01/2024
V1.1 to V2.0
Added Monitoring Plan section
Alignment with Riverse Standard Rules V6
13/03/2024
V2.0 (PC) to V2.0
Remove mentions of Rebound Effect and Independently Validated criteria
Alignment with Riverse Standard Rules V6
13/03/2024
V2.0 (PC) to V2.0
Added uncertainty section
Alignment with Riverse Standard Rules V6
13/03/2024
V2.0 (PC) to V2.0
Modifications in calculation approach:
No longer subtract biogenic carbon from Module A for avoidance calculations
Removals now have emissions from Modules A1-A3 subtracted from removals
More clearly and accurately represent avoided vs removed GHG emissions.
13/03/2024
V2.0 (PC) to V2.0
Renamed provision pool to buffer pool, and uncertainty buffer to discount factor.
Alignment with Riverse Standard Rules V6 post public consultation.
17/5/2024
V2.0 to V2.1
Recommended discount factor changed from 10% to 6%.
Alignment with Riverse Standard Rules V6 post public consultation.
17/5/2024
V2.0 to V2.1
Clarify that ancillary material emissions/removals are not considered in project removals, and distinguish between project biobased material and project scenario.
Clarification of the previous text’s intent.
August 2024
V2.1 to V2.2
Expanded description of guidelines for selecting baseline scenario plus examples
Transparency and documentation of our current practice
October 2024
V2.2 to V2.3
Added Project Scenario section
Consistent structure with other methodologies, exhaustive
October 2024
V2.2 to V2.3
Create project scope requirements
Specify that operations in different countries must be registered as separate projects
October 2024
V2.2 to V2.3
Add minimum list of ESDNH risks
Align with Standard Rules V6.2
October 2024
V2.2 to V2.3
Specify minimum frequency of updating baseline scenario
Clarity and transparency
October 2024
V2.2 to V2.3
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