Thread by @HBAR_foundation

Earlier this month, the SIF began a program of close engagement with @verrastandards & @goldstandard, the standard-setting NGOs that verify & register the majority of the world’s voluntary carbon offsets, including carbon reduction & removal credits 🧵 #TogetherForImplementation

As we approach #COP27, it's clear we have a lot of work to do building on #COP26 milestones. In partnership with government institution's, we must create & adopt new innovative tools to accelerate climate action. This is where regenerative (#ReFi) and #Web3 can play a key role.

In two detailed policy commentaries, one with 24 other climate-forward teams in the #ReFi community, we submitted a strong case for tokenization & dMRV driven traceability of carbon credits in the Voluntary Carbon Markets (VCMs) - focussing on Verra & Gold Standard's registries.

We outlined the necessity of HQ assets built on open-source infrastructure, including dMRV (digital Measurement Reporting Verification) tools, to create healthier VCMs - defined by auditable, info discoverable, & ultimately liquid assets that are transparent, fair, & accessible.

By identifying 5 key recommendations to enable healthier VCMs, we hope to work closely with our partners in conjunction with Verra & Gold Standard to evolve the VCM.

We’d like to thank all the signatories that maintain a shared vision for healthy, HQ, VCMs. Together, we can bring the balance sheet of the planet to the public ledger.

A special shoutout to @BICOWG, who made it possible for many folks in #ReFi to meet & align on shared goals.

You can learn all about the 5 key recommendations and importance of #ReFi at #COP27 in our latest #HBAR blog 👇 #SharmElSheikh

hbarfoundation.org/blog-post/acce…