Senseible

Do rice paddy water-management credits get the ICVCM CCP label?

Some do. ICVCM lists two rice water-management methodologies as CCP-Approved: Gold Standard's adjusted water management method v1.0 and Verra's VM0051 v1.1. On Verra, VM0051 v1.1 projects must also use a five-year crediting period renewable twice, and any VT0008 benchmark analysis must show credit revenue decisively changes the economics.

Status by methodology

Verra's two extra conditions for VM0051 v1.1

Methane is why the tonnes add up

Verra converts methane at a 100-year GWP of 28 (IPCC AR5) for reductions from 2021 on, so each tonne of methane avoided is 28 t CO2e. Small changes in flooding across many farms add up quickly, which is also why verifiers look hard at how each field was managed.

Example: a 15-year cap on a VM0051 v1.1 project

Tonnes are an example. Actual reductions come from VM0051's equations and the project's monitoring.

What Senseible does here

Senseible gives carbon credit eligibility signals from your records and, for carbon removal projects, prepares a verifier evidence pack for the accredited verifier. Verra applies any CCP label at issuance.

Sources: ICVCM, Assessment Status: program and category assessments (category table updated 3 November 2026), Verra, Verified Carbon Units Labels: CCP, Article 6 and other labels, Verra, VCS Standard v5.0 (16 December 2025): Table 9, GWP values

Last reviewed 2026-11-03. ICVCM updates its assessment status table as decisions are made; check the methodology and version on the date you sign or buy.