What You Need to Know About the Measurement, Reporting, and Verification (MRV) of Carbon Credits

A wide array of programs and markets around the world offer to deliver, buy, and sell  emissions reduction credits (ERCs) —commonly known as carbon credits—with mixed reactions and results. How can buyers know that the carbon credits they purchase are real? And how does the World Bank ensure that its emission reductions programs are fully inclusive and benefit the people and communities participating in them? We asked Andres Espejo, Senior Carbon Finance Specialist in the World Bank’s Climate Change Fund Management Unit, to explain the role of Measurement, Reporting and Verification (MRV) in calculating carbon credits.

What is MRV and why is MRV important to mitigation efforts?Climate-Explainer-Series-banner-with-WBG-COP27-branding

Measurement, Reporting, and Verification (MRV) refers to the multi-step process to measure the amount of greenhouse gas (GHG) emissions reduced by a specific mitigation activity, such as reducing emissions from deforestation and forest degradation, over a period of time and report these findings to an accredited third party. The third party then verifies the report so that the results can be certified and carbon credits can be issued.

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We won’t reach our climate goals without cleaner mobility

No scenario to contain global warming is possible without urgent and distinct action in thebr-vlt rio de janeiro=-wri brasil flickr transport sector.  This is a sector that is often overlooked in the climate equation, but it shouldn’t be. Currently responsible for 20% of global GHG emissions and rapidly increasing, transport is something that impacts everyone, everywhere.

The good news is that the tools needed to curb emissions from transport already exist. Some of them – such as enhanced public transport options, active mobility, zero-emission vehicles, and green fuels – are being implemented in many countries. Global sales of electric cars doubled between 2020 and 2021, reaching 6.6 million vehicles, nearly 9% of the global auto market.

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7 ways to help understand the world’s challenges in 2020—and have hope for the future

Unprecedented, devastating, pervasive. No matter how you describe the COVID-19 KenyaLeaderpandemic, for billions around the world the virus has changed life as we knew it.  We are living through a remarkable period of history, one that will affect each of us for decades to come.

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A warming world means it’s high time to rethink the composition of agricultural support

From the Old Farmer’s Almanac to cutting edge satellite systems, farmers have always 1_5crbT9T-oYZglwyLYlnexgbeen in the market for weather forecasts that help them decide when to plant and harvest to mitigate climate risks. Earlier this month, the 48th session of the Intergovernmental Panel on Climate Change delivered sobering news: the Special Report on Global Warming of 1.5°C (SR1.5) concluded that climate impacts are already occurring and will be much worse at 2°C than previously projected.

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Meet the Human Faces of Climate Migration

STORY HIGHLIGHTS climate

  • A new World Bank report has found that by 2050 the worsening impacts of climate change in three densely populated regions of the world could see more than 140 million people move within their countries’ borders.
  • With concerted action, however, including global efforts to cut greenhouse gas emissions and robust development planning at the country level – this worst-case scenario could be dramatically reduced, by as much as 80 percent, or 100 million people.
  • The report identifies “hotspots” of climate in- and out-migration. These include climate-vulnerable areas from which people are expected to move, and locations into which people will try to move to build new lives and livelihoods

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