Company
Date Published
Author
Mamata Akella, Head of Cartography
Word count
1277
Language
English
Hacker News points
None

Summary

Carbon credit verification is crucial for ensuring the integrity and effectiveness of carbon markets by validating that projects genuinely achieve the promised greenhouse gas (GHG) reductions. This rigorous process involves several stages, beginning with the validation of project design and methodology by independent auditors to ensure they meet established standards. Once a project is operational, auditors verify the actual emissions reductions through data collection and monitoring, ultimately leading to certification by recognized bodies like Verra or Gold Standard. Each certified carbon credit equates to one metric ton of carbon dioxide reduced or removed, providing a tradeable certificate that organizations can use to offset their emissions. The use of modern technologies such as satellite imagery and geospatial mapping enhances transparency, allowing for real-time monitoring and increased accountability. Platforms like Felt facilitate this process by integrating geospatial data, making it easier for stakeholders to track and verify the environmental impact of carbon offset projects, thereby maintaining trust and credibility in the carbon market.