The Hyundai Waste Energy Recovery CO-Generation Project Phase II
Registry
Verra
Project ID
VCS1146
Country
Category
Energy Efficiency
Methodology
Status
Registered
Credits Issued
8,383,216 tCO₂e
Credits Retired
5,660,480 tCO₂e
Data as of
1 June 2026
Credit Passport
How to read itIssuance and retirement by vintage
| Vintage | Issued (tCO₂e) | Retired (tCO₂e) |
|---|---|---|
| 2018 | 1,638,542 | none |
| 2017 | 1,533,573 | 1,003,840 |
| 2016 | 1,639,757 | 1,639,757 |
| 2015 | 1,632,344 | 1,080,402 |
| 2014 | 1,517,196 | 1,517,196 |
| 2013 | 421,804 | 419,285 |
Source: Registry records · Data as of 1 June 2026
Credit Passport in detail
ICVCM quality status
Methodology assessed by ICVCM and not approved.
- Programme: Verified Carbon Standard, CCP-eligible since May 2024.
- ACM0012 - Waste energy recovery - 1.0-6.0: very unlikely to meet the Core Carbon Principles
The CCP label is applied to credits by the registry, issuance by issuance. An approved methodology means credits from this project can be eligible; it does not mean every credit carries the label.
Source: ICVCM assessment decisions · Decisions read 19 September 2026
CORSIA screen
A screen against published ICAO criteria, not an eligibility determination.
First phase, 2024 to 2026
- ProgrammePassesVerified Carbon Standard is approved by ICAO for 2024 to 2026.
- DatesDoes not passCredits were issued for vintage 2013, so crediting began before 1 January 2016.
- Host country authorisationCannot be confirmed from available dataAuthorisation is granted per activity. This screen cannot confirm whether this project holds a Letter of Authorization.
Second phase, 2027 to 2029
- ProgrammePassesVerified Carbon Standard is approved by ICAO for 2027 to 2029.
- DatesDoes not passCredits were issued for vintage 2013, so crediting began before 1 January 2016.
Programme-specific exclusions were not assessed. Host country context is under Article 6 below.
Source: ICAO eligibility decisions and registry records · Criteria verified 25 September 2026
South Korea and Article 6
- Bilateral agreements
- 14
- Authority for the Paris Agreement Crediting Mechanism
- Appointed
- Participation requirements for the Mechanism
- Published
- Cooperative approaches
- 0
- Article 6.2 activities
- 8
- Crediting Mechanism activities approved by the host
- 7
- Crediting Mechanism activities registered
- 0
This is country-level context. It does not show whether this project is authorised.
Source: UN Article 6 tracking · Data as of 4 September 2026
Recorded buyers
Organisations named in registry retirement records. Many retirements name no beneficiary, so this list is partial.
72.8% of retired tonnes name an organisation as beneficiary.
| Organisation | Tonnes retired | Latest year |
|---|---|---|
| Delta Air Lines | 1,924,850 | 2022 |
| Norwegian Cruise Line Holdings | 1,056,000 | 2024 |
| Norwegian Cruise Line | 344,000 | 2022 |
| Toucan | 300,000 | 2021 |
| Australian Paper | 258,572 | 2023 |
| Civitas Resources | 175,000 | 2023 |
| Long Beach Container Terminal | 47,530 | 2023 |
| CAR Group | 13,000 | 2023 |
Retired credits from this project? See what a company can still say about them under the EU green claims rules.
Source: Registry records · Data as of 1 June 2026
The Hyundai Waste Energy Recovery CO-Generation Project Phase II is registered with Verra under the acm0012 protocol, located in South Korea. As of 1 June 2026, registry records show 8,383,216 tonnes issued and 5,660,480 tonnes retired. This reflects registry-reported figures, not an independent quality assessment.
Related
Similar projects
- Hyundai Steel Waste Energy Cogeneration Project 13,743,903 t issued
Same methodology and country, largest issuance first.
Questions about this project
How many credits has The Hyundai Waste Energy Recovery CO-Generation Project Phase II issued?
8,383,216 tonnes of credits have been issued and 5,660,480 retired, according to registry records as of 1 June 2026.
What is the ICVCM status of this project's methodology?
Methodology assessed by ICVCM and not approved. The CCP label is applied to credits by the registry, issuance by issuance.
Which organisations have retired credits from The Hyundai Waste Energy Recovery CO-Generation Project Phase II?
Registry records name 8 organisations, including Delta Air Lines, Norwegian Cruise Line Holdings, Norwegian Cruise Line. Many retirements name no beneficiary.
Registry data as of June 1, 2026