Thread by @earthbanc

How does measurement, Reporting and Verification (MRV) de-risk carbon forward contracts? 🧵

#fintech #climate #netzero #carbonmarkets #climatefinance #mrv

Photo by NASA on Unsplash

1/8 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.

2/8 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.

3/8 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).

4/8 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.

5/8 Furthermore, the standardised and transparent nature of MRV systems can also increase the overall liquidity and accessibility of the carbon offset market

6/8 Earthbanc’s MRV technology enables carbon forward contract to be de-risked and provide more up to date transparency that carbon buyers require.

7/8 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.

8/8 For more information about Earthbanc’s MRV technology pls click here: bit.ly/3GxxCQ6