Why Vulnerability Reduction Credits?
Development aid donors, corporations, local and national governments, and others in the climate community are devoting significant resources to projects that identify appropriate indicators for adaptation. It seems that the terrain of climate adaptation is blighted because there is no consensus on what should count. We believe a universal approach to measuring the results of adaptation measures (where one can consider outputs for different project types), however imperfect, is critical in order that the future anticipated resources for adaptation are properly prioritized towards funding projects with greater impact on reducing vulnerability to climate change.
In response, Higher Ground has meticulously developed and validated our climate Vulnerability Reduction Credit (VRC™) metric that offers a method for helping to quantify adaptation results across an array of different sectors, while also ensuring that some fundamental, qualitative principles and standards are met including avoidance of harm, consultation with impacted communities, sustainability, and transparency. In brief, a VRC™is €50 worth of income adjusted avoided impact costs.
Learn More About VRCs
Click on the VRCs drop-down menu for details on the concept, project examples, and the project process.