Verra has launched a public consultation on a new methodology, developed by NCX, which
proposes methods for the generation of carbon credits from activities aimed at deferring timber
harvest by as little as one year.

This response covers Carbon Market Watch’s (CMW) main comments on the methodology. It
does not provide detailed advice on specific elements of the methodology, as we believe that
the proposed document is deeply flawed and that the proposed logic is unfit for the generation
of carbon credits. This methodology does not meet the basic VCS Quality Assurance
Principles and should therefore be rejected.