VM0048 REDD credits are nearing first issuance, marking a key shift in baselines and credit quality.

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VM0048 after two years: First credits on the horizon

Two and a half years after Verra released VM0048, its overhauled methodology for Avoiding Unplanned Deforestation (AUD) REDD projects, the first credits are on the verge of being issued under the new framework. This is the moment the market has been waiting for. Below is where things stand: what changed structurally, what remains imperfect, what the transition pipeline looks like and what buyers and project developers should expect.How we got hereIn 2023, investigative journalism and peer-reviewed research converged on the same finding: REDD projects had been significantly overcrediting. Calyx Global's 

April 14, 2026

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