Decarb.earth, a trailblazer in the carbon credit industry, proudly announces our alignment with the Biden administration’s recently released principles for high-integrity carbon credits. These guidelines, aimed at enhancing structure and credibility within the voluntary carbon market (VCM), strongly resonate with our goals and the state-of-the-art capabilities of our digital Monitoring, Reporting, and Verification (dMRV) system.
Historically, the VCM has operated with minimal centralised oversight, often leading to inconsistencies in credit quality and disputes over emissions accounting practices. With corporate interest in GHG emissions offsets rising sharply, the need for robust and reliable frameworks has become increasingly urgent. The US administration’s new principles emphasise credible standards, authentic decarbonisation impacts, and full transparency—values that are at the core of Decarb.earth’s operations.
Our dMRV system is a pioneering innovation designed to meet these critical needs through:
1. Ensuring Credible Standards and Real Decarbonisation:
Decarb.earth’s dMRV system employs rigorous monitoring and verification processes to guarantee that each carbon credit we issue corresponds to tangible and quantifiable climate benefits, directly aligning with the administration's emphasis on credible standards and actual decarbonisation impact.
2. Preventing Environmental and Social Harm:
Our commitment extends beyond environmental impact to include social considerations, ensuring that all our projects adhere to sustainable and responsible practices in accordance with the new principles.
3. Promoting Transparency and Public Disclosure:
We fully support the administration’s call for transparency. Our platform facilitates the public disclosure of purchased and retired credits, providing an accessible and verifiable record of each buyer’s climate contributions.
4. Maintaining High Integrity Standards:
5. Continual Market Integrity Improvement:
"We are delighted to see the Biden administration taking proactive steps to fortify the voluntary carbon market," said Marco Funk, CEO of Decarb.earth. "Our dMRV system is meticulously designed to exceed these new high-integrity principles, guaranteeing that each carbon credit we offer drives genuine climate action. We are excited to continue our leadership in this dynamic market and to support the global transition to a sustainable, low-carbon economy."
As the US champions a flexible, market-driven strategy for carbon credits, Decarb.earth is ready to play a central role in shaping the VCM's future. We eagerly anticipate collaborating with policymakers, market participants, and other stakeholders to build a credible and impactful market that fosters meaningful climate action.