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1. #Accounting for carbon credits registration#
2. #Accounting for carbon credits verification#
3. #Accounting for carbon credits plus#
4. #Accounting for carbon credits professional#

#Accounting for carbon credits professional#

However, participants said online tools to assess project feasibility before investing in a professional feasibility study – and having capacity to use such tools – are barriers to be addressed.

#Accounting for carbon credits plus#

That study should include choosing a methodology for carbon accounting, developing preliminary estimates of carbon credit potential, plus project design recommendations. Then, a feasibility study can be a crucial move toward establishing whether a project can even start to access carbon markets. “It’s quite important for people to be able to talk to people,” said McEwan. Plan Vivo, a charitable foundation, is community-focused, centered on restoring ecosystems, benefit sharing and land-use projects on community or smallholder land and works primarily with projects in the Global South, said Howard.īut to begin a project, support is necessary, including guidance on possible methodologies for carbon accounting and finding relevant comparisons to previous similar projects, participants agreed. Those can include concept notes financial feasibility plans risk assessments monitoring for social, environmental and community co-benefits and validation of project documents by a third-party auditing body. Uganda’s Trees for Global Benefits, a Plan Vivo-supported carbon-offset project, was cited by Luke Howard, technical coordinator of Plan Vivo, to demonstrate the many steps in project carbon certification.

#Accounting for carbon credits registration#

Final steps should include a workplan that guides the project toward registration under a carbon standard and, eventually, results-based financing.

#Accounting for carbon credits verification#

Subsequently, verification is required to confirm that carbon benefits claimed, and monitoring data, are all genuine. The certification process confirms if implemented activities are in fact progressing, and a request for issuance of credits may be made. Scientists measure carbon in Indonesian peatlands.

“Verra also fosters innovation in this space, continually exploring new ways for advancing urgently needed climate action.” “Verra provides a trusted and robust carbon crediting program that brings quality, credibility and transparency to the voluntary carbon markets,” said McEwan during the webinar that included small-group sessions with the experts. It includes the rules and requirements of the verified carbon standards system, independent auditing, accounting methodologies and a registry system.

This encourages further investment and helps projects sustain and scale up their operations. (A VCM is an emissions-trading system driven by private actors and initiatives rather than by governments or regulators.)Īs such, a project’s certification in a trusted carbon crediting program gives buyers of carbon credits confidence that they are purchasing high-quality units. Carbon accounting methodologies ensure that a particular project’s emissions reduction claims are credible, said Heather McEwan, senior manager of project developer engagement at Verra, a non-profit that operates the world’s leading carbon crediting program in voluntary carbon markets (VCMs). The rules and requirements of carbon crediting programs are essential for demonstrating that a project is real, measurable and permanent. Read about the first webinar : Carbon credits can help incentivize farmers to go ‘regenerative’