PACM’s latest methodology sets a new benchmark for renewables

Key takeaways

• Renewable energy is one of the most prolific carbon project types in the market, with over 8,000 projects globally. BeZero Carbon has rated 157 renewable energy projects ex post, with no project rating above BBB.

• The Paris Agreement Crediting Mechanism’s (PACM’s) recently approved renewables methodology, A6.4-AMM-003, is the most robust seen to date in the market and marks a new benchmark for project development. 

• Our experience rating renewable energy projects has identified methodological gaps in additionality and carbon accounting that future revisions could address.