Antony Sure - Verst Carbon https://verst.earth African Sourced Carbon Credits Marketplace Thu, 23 May 2024 07:09:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.4 Verst Carbon pilots dMRV platform for Transparent Impact : Part 2 https://verst.earth/verst-carbon-pilots-dmrv-platform-for-transparent-impact-part-2/ Tue, 23 Apr 2024 09:39:58 +0000 https://verst.earth/?p=1992 Welcome back to the second instalment of our journey towards piloting our dRMV solution with Nyalore Impact! In today’s instalment, we invite […]

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Verst Carbon dMRV Platform

Welcome back to the second instalment of our journey towards piloting our dRMV solution with Nyalore Impact! In today’s instalment, we invite you to explore the technological heart of our collaboration—the development of a state-of-the-art digital Monitoring, Reporting, and Verification (dMRV) platform. This innovative solution lies at the core of our efforts to enhance the integrity, efficiency, and transparency of clean cooking initiatives, empowering us to drive measurable impact and foster trust among stakeholders.

The Catalyst for Innovation

Our partnership with Nyalore Impact was founded on a shared vision of leveraging technology to accelerate the adoption of clean cooking solutions and create lasting, positive change in communities. From the outset, we recognized the critical role that accurate, reliable, and transparent data would play in supporting our environmental claims, demonstrating our impact, and building confidence among our stakeholders.

Driven by this conviction, our team at Verst Carbon embarked on a journey of innovation shortly after the formalization of our collaboration with Nyalore Impact. Our goal was clear: to develop a cutting-edge digital platform that would revolutionize the way we monitor, report, and verify the impact of our clean cooking initiatives.

Designing a Comprehensive dMRV Solution

Anthony, our Hardware engineer, in action

The development of our dMRV platform was a meticulous process, guided by a deep understanding of the unique challenges and opportunities presented by the clean cooking sector. We knew that to truly make a difference, our solution had to be robust, scalable, and adaptable to the diverse contexts in which Nyalore Impact operates.

Our team of experts, consisting of hardware engineers, software developers, and carbon market experts, worked tirelessly to design and build a comprehensive dMRV system that would meet the highest standards of accuracy, security, and usability. The key components of our platform include:

Verst Carbon DMRV PCB
Verst Carbon dMRV dashboard

Aligning with Global Standards

To ensure the highest level of integrity and credibility, our dMRV platform is designed to align with globally recognized methodologies and standards. We have adopted the Metered Energy Cooking Devices (MECD) methodology, which is specifically tailored for Gold Standard projects in the clean cooking sector.

By adhering to the MECD methodology, we can accurately quantify the energy savings and emission reductions achieved by Nyalore Impact’s EPC distribution project. This rigorous approach guarantees that every unit of energy saved, and every ton of carbon dioxide mitigated is meticulously recorded, reported, and verified, providing an unassailable foundation for our environmental claims.

Transforming Community Engagement

The impact of our dMRV platform extends far beyond the realm of data and technology. By embedding cutting-edge IoT devices into Nyalore Impact’s EPCs, we are fundamentally transforming the way communities interact with clean cooking solutions. The real-time monitoring and reporting capabilities of our platform not only enable us to optimize the performance of the cookstoves but also empower users with valuable insights into their energy consumption patterns.

Through our user-friendly mobile application, EPC users can access personalized recommendations, track their energy savings, and even earn rewards for sustainable cooking practices. This gamified approach to community engagement fosters a sense of ownership and motivation, driving the long-term adoption of clean cooking technologies.

Moreover, the transparency and accountability provided by our dMRV platform serve as a catalyst for building trust between Nyalore Impact and the communities they serve. By demonstrating the tangible benefits of clean cooking through verifiable data, we strengthen the bonds of partnership and create a shared sense of purpose in the fight against climate change and energy poverty.

The Foundation for Sustainable Impact

The development of our dMRV platform marks a significant milestone in our collaboration with Nyalore Impact. By harnessing the power of digital technology, we have created a robust foundation for monitoring, reporting, and verifying the impact of clean cooking initiatives. This not only strengthens the credibility of our environmental claims but also unlocks new opportunities for scaling our impact and attracting sustainable funding.

With our dMRV platform in place, we are now equipped to provide unparalleled transparency to our stakeholders, including investors, policymakers, and the communities we serve. The insights generated by our platform will inform data-driven decision-making, enabling us to continuously improve our strategies, optimize our resources, and maximize our impact on the ground.

Looking Ahead

As we reflect on the development of our dMRV platform, we are filled with excitement for the future. This technological breakthrough represents a significant step forward in our mission to accelerate the adoption of clean cooking solutions through carbon finance and create lasting, positive change in the lives of countless individuals and communities.

In the next instalment of our blog series, we will delve deeper into the real-world impact of our dMRV platform, exploring how we are empowering communities with Nyalore Impact, driving sustainable development, and contributing to the achievement of the Sustainable Development Goals.

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Verst Carbon Partners with Nyalore Impact to Scale Clean Cooking in Rural Kenya: Part 1 https://verst.earth/verst-carbon-partners-with-nyalore-impact-to-scale-clean-cooking-in-rural-kenya-part-1/ Tue, 23 Apr 2024 09:11:30 +0000 https://verst.earth/?p=1985 As we start off this week, we are thrilled to share with you the inspiring story of our partnership with Nyalore Impact, […]

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Nyalore and Verst Carbon Teams

As we start off this week, we are thrilled to share with you the inspiring story of our partnership with Nyalore Impact, a trailblazing social enterprise that is transforming the landscape of clean cooking solutions in Kenya and beyond. This collaboration marks a significant milestone in our mission to drive sustainable development and combat climate change through innovative technology and community-centric initiatives.

Nyalore Impact was founded in 2016 by the visionary entrepreneur, Awuor Dorothy Otieno, who recognized the urgent need to address the global climate crisis through practical and impactful solutions. Driven by a deep commitment to environmental sustainability and social empowerment, Dorothy set out to tackle one of the most pressing challenges faced by marginalized communities in Kenya: access to clean and efficient cooking methods.

In many rural households, traditional cooking practices rely heavily on biomass fuels such as wood, charcoal, and animal dung. These methods not only contribute to deforestation and greenhouse gas emissions but also pose severe health risks due to indoor air pollution. Nyalore Impact emerged as a beacon of hope, offering a path towards a cleaner, healthier, and more sustainable future.

A Mission to Revolutionize Clean Cooking

At the heart of Nyalore Impact’s mission is the belief that access to clean cooking solutions is not just an environmental imperative but also a fundamental human right. The company’s primary goal is to revolutionize cooking in low-income households and marginalized communities by providing cost-effective, environmentally friendly, and sustainable cooking solutions that improve overall health, minimize negative environmental impacts, and promote economic growth.

To achieve this ambitious vision, Nyalore Impact specializes in the sale and distribution of electric cookstoves, with a particular focus on the innovative Electric Pressure Cookers (EPCs). These cutting-edge appliances offer a host of benefits, including:

Making a Tangible Impact

Since its inception, Nyalore Impact has made remarkable strides in bringing clean cooking solutions to underserved communities. To date, the company has successfully provided over 50,000 rural Kenyan households with clean cookstoves, directly improving the lives of countless individuals and families.

The impact of their work extends far beyond the immediate benefits of clean cooking. By reducing indoor air pollution and the associated health risks, Nyalore Impact has contributed to a significant decrease in respiratory illnesses among women and children, who are often disproportionately affected by the adverse effects of traditional cooking methods.

Moreover, the company’s initiatives have supported local efforts to conserve the environment and combat deforestation. By offering sustainable alternatives to biomass fuels, Nyalore Impact has alleviated the pressure on Kenya’s forests, allowing for the regeneration of valuable ecosystems and the preservation of biodiversity.

A Partnership Forged in Shared Values

Our paths crossed with Nyalore Impact during the transformative Pika na Power event organized by Kenya Power and Lighting company (KPLC) in collaboration with MECS. This event brought together clean cooking and carbon market experts with stakeholders from various sectors to explore sustainable energy solutions and address the pressing environmental challenges of our time.

As we engaged in thought-provoking discussions and witnessed the groundbreaking work being done by organizations like Nyalore Impact, we were deeply inspired by their commitment to driving positive change through technology and community empowerment. Impressed by our own dedication to technological excellence and environmental integrity, Dorothy reached out to Verst Carbon in February, setting the stage for a partnership that would soon prove to be a first of its kind in the clean cooking sector.

Looking Ahead: A Bold Vision

As we embark on this exciting journey together, Nyalore Impact and Verst Carbon have set our sights on an ambitious goal: to distribute 10,000 Electric Pressure Cookers (EPCs) to households in rural Kenya by the end of this year. This bold vision represents a significant step forward in our mission to expand access to clean cooking solutions and create lasting, positive change in the lives of countless individuals and communities.

Through our combined expertise, technological innovation, and deep understanding of local contexts, we are confident in our ability to achieve this target and lay the foundation for even greater impact in the years to come. By leveraging cutting-edge digital solutions and fostering strong partnerships with key stakeholders, we aim to create a scalable and sustainable model for the widespread adoption of clean cooking technologies.

An Invitation to Join the Journey

As we share the story of our partnership with Nyalore Impact, we invite you to join us on this transformative journey. In the coming days, we will delve deeper into our Digtial Monitoring, Reporting, and Verification (dMRV) technology that underpin our collaboration, the positive impacts on communities, and the ways in which you can support and contribute to this vital cause.

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Can Digital-MRV Boost Africa’s participation in the VCM? https://verst.earth/can-digital-mrv-boost-africas-participation-in-the-vcm/ https://verst.earth/can-digital-mrv-boost-africas-participation-in-the-vcm/#respond Wed, 08 Feb 2023 05:11:44 +0000 https://verst.earth/?p=1253 Introduction Monitoring, Reporting, and Verification (MRV) is a multi-phase process deployed to quantify the amount of greenhouse gas (GHG) emissions reduced by […]

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Introduction

Monitoring, Reporting, and Verification (MRV) is a multi-phase process deployed to quantify the amount of greenhouse gas (GHG) emissions reduced by a specific mitigation activity, such as the use of renewable energy sources, over a period of time. The findings are then reported to an accredited third party, usually a carbon registry, which then verifies the report, and carbon credits are issued upon certification. The goal of MRV is to ensure that emissions reductions or avoidance claims made by project developers are accurate, credible, and verifiable.

The monitoring, reporting, and verification (MRV) of the impact of climate change mitigation activities is a crucial aspect of the project cycle in all carbon standards. However, conventional approaches towards MRV and issuance of emission reduction certificates have been prohibitive for most carbon project developers, especially in developing countries. The costs related to conventional MRV, coupled with low carbon prices and long lead-time have adversely affected the financial feasibility of emission reduction projects on the continent.

Despite the widespread digitalization of various sectors, such as finance, manufacturing, retail, and social media over the past few decades, the MRV process in the carbon market continues to be largely based on manual reporting and verification methods, often relying on reports, checklists, and spreadsheets sent via email. This conventional approach can be time-consuming and error-prone, requiring comprehensive on-site visits for project implementation and meter readings.

So, what is DMRV?

Digital Monitoring, Reporting and Verification or DMRV in short refers to the use of digital technologies to enhance the monitoring, reporting and verification of various environmental and sustainability initiatives. DMRV solutions use a range of digital tools such as remote sensing, machine learning, blockchain technology, mobile applications, and smart sensors to collect, process, analyze, and synthesize data.

In recent years, the rapid expansion of the climate tech sector has led to the availability of a wide range of digital tools, such as enterprise-level greenhouse gas accounting software and remote sensing monitoring platforms. These platforms have the potential to streamline carbon market projects and improve the credibility of MRV results by automating the data capturing and processing process.

Advantages of Digital MRV over Conventional MRV

  1. Reduced Costs and Transaction Time

Traditional MRV requires comprehensive on-site visits for project implementation and meter readings, which can be time-consuming and expensive. Digital MRV eliminates the need for on-site inspections, as it allows for remote monitoring and reporting. This reduces the costs associated with MRV, freeing up resources that can be redirected towards other critical aspects of the project.

  1. Improved accuracy and transparency 

By automating the data capturing and processing process, digital MRV reduces the risk of human error that is common in manual reporting and verification methods. This, in turn, leads to more accurate and reliable results, improving the credibility of carbon credits. Digital MRV also allows for real-time monitoring and reporting, providing greater transparency in the MRV process and allowing for quicker resolution of any issues that may arise.

  1. Reduced Risk of Data Loss and Tampering

Traditional MRV methods often rely on manual data handling, which increases the risk of data loss and tampering. With digital MRV, data can be securely stored and easily accessed, reducing the risk of data loss and ensuring the integrity of data. The implementation of technologies such as blockchain/Distributed Ledger Technology ensures that collected data is immutable, making it less likely for the data to be altered or tampered with. 

  1. Scalability

Traditional MRV can become complex and time-consuming as projects grow in size and scale. Digital MRV, on the other hand, is designed to handle large amounts of data and can easily expand to accommodate new projects, making it a more efficient and cost-effective solution for carbon projects of all sizes. This scalability also allows for more streamlined and automated processes, reducing the risk of errors and increasing the accuracy and reliability of MRV results.

DMRV and Credibility

The slow progress in the digitalization of MRV and the carbon market project cycle over the past 15 years could be attributed to the dismal market activity and the reluctance of carbon standards to adopt digital approaches in the past. However, this has been changing in recent years. We are already seeing a massive push from carbon registries, project developers, multilateral institutions and other stakeholders to incorporate and adopt Digital MRV systems and approaches.

Verra, the leading carbon registry, launched a DMRV working group to help identify new approaches to use digital platforms to automate data collection and processing for the development, validation, and verification of VCS projects. In addition to launching a working group, in December 2022 Verra requested for expression of interest from stakeholders wishing to participate in its digital MRV pilot program to support the digitalization of VCS-approved methodologies, project templates, and ERR calculations. Verra has also recently completed public consultations with web3/Blockchain players in the carbon market to establish best practices for the tokenization of carbon credits.

Another registry, Gold standard, has launched three working groups tackling the digital transformation of the Carbon Market, in collaboration with ClimateCHECK and IOTA Foundation. The three working groups are centered around Digital Monitoring, Reporting and Verification (MRV)’, ‘Digital Assets for Climate Impact’, and ‘Digital Infrastructure and Open APIs’

The World Bank has not been left behind in this push for the digitization of MRV. The World Bank Climate Warehouse was set up for the sole purpose of prototyping, testing, and developing end-to-end digital infrastructure for carbon markets. Some of the initiatives being pursued under the climate warehouse include digital MRV systems, a metadata layer (the Climate Action Data Trust), open-source national carbon registries, the ability to issue and track digital carbon assets (native and permissioned tokens), and a one-stop resource platform that enhances knowledge sharing and capability building.

Multiple pilot projects have successfully implemented DMRV systems. Pachama, a leading climate-tech company is piloting a DMRV platform harnessing remote-sensing to measure forest carbon in collaboration with Verra. Technology partners, a fairly new addition to the carbon market ecosystem, have largely been at the forefront in developing and piloting DMRV systems. They include SustainCert, the HBAR Foundation, and Boomitra among others. It is clear that the space is ripe for disruption, with new players expected to trickle in over the next decade.

Conclusion

To fully leverage the cost and time-saving potential of digital technologies, current carbon standards need to be transitioned to incorporate the use of DMRV systems. By utilizing advanced digital MRV, the need for on-site inspections can be reduced or eliminated and the manual checks of data integrity, completeness, and accuracy can be minimized. This can lead to near real-time issuance of certified credits and the associated payments for their delivery.

Carbon projects in Africa have been adversely affected by the lack of validation and verification capacity on the continent. DMRV would go a long way in reducing project development costs and ultimately boosting Africa’s participation in carbon markets. This is why Verst Carbon, under the Africa Carbon Markets Initiative, has been at the forefront of advocating for the digitization of the MRV process. We believe that for the Voluntary Carbon Markets to meet its growth projections, it is vital that highly scalable technologies be adopted to address the growing market.

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