Digital Measuring, Reporting, and Verification (dMRV) for Decarbonization

Abstract

In 2023, researchers discovered that over 90% of the rainforest carbon offset credits approved by Verra did not represent actual emissions reductions. In consequence, these carbon offset credits, i.e., certificates for reduced or sequestered emissions compensating for other emissions, were deemed worthless (Greenfield 2023 ; West et al. 2023 ). While impacting not only the economic performance of renowned customers like Gucci, Shell, and easyJet, such practices also highly undermine the credibility of carbon offsetting and other sustainability measures in general (Greenfield et al. 2023 ).

Topics & Concepts