The Gold Standard is holding a final consultation on its methodology for Joined-Up Sustainable Transition (JUST): Coal Decommissioning. The methodology supports a Just Transition through the simultaneous actions of the early closure of coal-fired powerplants (CFPPs) and the installation of renewable energy power plants (REPs) ina way which does not hinder access to energy and is fair and inclusive for all stakeholders.
Following a previous consultation from 5th Nov – 5th Dec 2024, the methodology has been revised in line with the latest high integrity quality criteria and for alignment with the Paris Agreement. These changes include:
- Conservative baseline accounting, below business-as-usual
- Comprehensive activity emissions accounting, including full life-cycle emissions for new infrastructure
- Rigorous leakage assessments, including market leakage
- Enhanced additionality and applicability requirements
The Gold Standard welcome all feedback on the updated methodology, particularly relating to the new elements covered above.