The Verified Carbon Standard (VCS)

 

According to the Articles to answer the question:

The Verified Carbon Standard (VCS) uses the following criterion for a simulation model to qualify for a REDD project: “The minimum threshold for the best fit as measured by the Figure of Merit (FOM) shall be defined by the net observed change in the reference region for the calibration period of the model. Net observed change shall be calculated as the total area of change being modeled in the reference region during the calibration period as a percentage of the total area of the reference region. The FOM value shall be at least equivalent to this value. FOM = Hits / (Misses + Hits + False Alarms)” What reasoning supports this criterion? Explain the virtues and weakness of such a criterion as opposed to other possible criteria such as FOM must be at least 85% or percent correct must be at least 85%.

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