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What is Carbon Asset Development?
Carbon Asset Development (CAD) is the process of measuring, reporting and independently verifying the amount of carbon a project avoids or removes, against an appropriate baseline and according to a recognized methodology. It results in the issuance of carbon credits that can be sold to organizations for their offsetting programs. Depending on how often a project issues credits, CAD work must be completed every 1-5 years during the project’s lifecycle.
Monitoring Reporting and Verification (MRV)
91% of carbon credit buyers rank MRV as one of their top criteria in credit purchase decisions. We manage the carbon verification process from qualification and project design to issuance and retirement bringing in legal, financial and technical expertise to set up your project for success in the voluntary carbon market.
Ongoing monitoring, reporting and verification is needed each time carbon credits are issued. We work with project partners to ensure the right data is collected during the project’s implementation. We can also work with your team to make sure the data is represented in the right report format for third-party verification.
Based on principles set out by the UNFCCC, MRV processes are highly robust, however they often require manual data collection, which is time consuming, labor intensive, and costly. As a result, we partner with innovative companies to streamline and digitize the process, using the latest technologies to make the monitoring and reporting process as easy as possible.
- Phone-based applications- to collect user data, conduct surveys, and monitor project activities in real-time
- Remote sensing technologies- to analyze historical land change, assess natural hazards, and calculate biomass inventories
- Smart metering systems- remote and real-time monitoring of consumer use of energy and water products
Hear from our technical experts about Carbon Asset Development
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100+ million tonnes of emissions have been reduced by Climate Impact Partners working with quality projects around the world