MRV: Monitoring, Reporting and Verification
During the Project Proposal, the Project Developer schedules ‘monitor/issuance’ dates throughout the project time frame (can be more frequent than annual) and specifies who is responsible for collecting monitored data: dMRV partner(s), or internal measurement.
On ‘monitor/issuance’ date, data is requested from dMRV providers (ideally via API, but can be manual) and inputted into the equation provided by the methodology.
If dMRV has already been validated, data is internally diligenced and credits automatically get issued.
If the data comes from the PD, we re-verify the data using the evidence they provide.
Digital MRV (dMRV)
We encourage all project developers to use digital monitoring & reporting techniques in their project design (where possible) to ensure the highest degree of data accuracy and transparency.
We're exploring how direct data streams from digital measurement sources (e.g. satellites or sensors) can be pre-verified during the project validation stage, and then credit issuance can be automated as true impact data is received via API.
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