To encourage investment in climate adaptation projects, The Higher Ground Foundation created the Vulnerability Reduction Credit, or VRC™, an economic measure of the effects of such projects in reducing vulnerability. The VRC is an exchangeable certificate that a project has met and is meeting its adaptation targets. VRCs are a means to quantifiably assess a project, based on sustained attention to maintaining climate resilience. As such they may be used for monitoring and evaluating projects, prioritizing investments, and could be purchased by parties interested in securing verifiable reductions in climate vulnerability from climate adaptation.
We are at an exciting point in our development. After development and a comprehensive review by over 40 experts, we have released of VRC Standard Framework and launched our "Pilot Implementation and Partnerships Phase. We invite you to join us in pioneering projects, methodologies, and financing mechanisms to create a future where the best responses to climate change are the choices the world wants to make.