Photo by NASA on Unsplash
How does measurement, Reporting and Verification (MRV) de-risk carbon forward contracts?
Measurement, Reporting, and Verification (MRV) is a system used to de-risk carbon forward contracts by providing assurance that the carbon emissions reductions claimed by a project are accurate and reliable.
MRV systems help ensure the quality of carbon offset projects by providing a standardised and transparent way to measure, report, and verify the emissions reductions generated by a project.
This process typically involves independent third-party verification, which helps ensure that the emissions reductions are real, verifiable, and additional (meaning they would not have occurred without the carbon offset project).
By providing assurance that the emissions reductions claimed by a project are accurate, MRV systems help mitigate counterparty risk for buyers of carbon offset contracts.
Furthermore, the standardised and transparent nature of MRV systems can also increase the overall liquidity and accessibility of the carbon offset market.
Earthbanc’s MRV technology enables carbon forward contract to be de-risked and provide more up to date transparency that carbon buyers require. Earthbanc delivers forward
contracts on carbon that range from 1 - 30 year time frames, which provides buyers with certainty about their ability to meet net zero targets.
For more information about Earthbanc’s MRV technology pls click here:
#fintech #climate #netzero #carbonmarkets #climatefinance #mrv
Great initiative for the sake of our planet
A great solution.