Insights from Sustainability Summit @ Climate Week NYC
- Nature Wired Inc
- Oct 9, 2024
- 2 min read
Our CEO & Founder, Karen Hardy, joined a panel to share valuable insights on the future of the voluntary carbon market and the importance of the digital Measurement, Reporting and Verification (dMRV) Framework.
Event images courtesy of Global Blockchain Business Council 2024
Insights arising from the discussions include:
NATURE-BASED SOLUTIONS remain essential for climate mitigation but require standardized methodologies and robust frameworks to assess their effectiveness and measure real impact.
DIGITAL TRANSFORMATION and the role of technology including AI, satellite imagery, and blockchain, improve transparency, streamline processes, and build trust in the voluntary carbon market.
COMMUNITY ENGAGEMENT is crucial for understanding and addressing local needs and priorities, ensuring sustainable and equitable outcomes.
STANDARDIZATION & INTEROPERABILITY creates a common language and framework to facilitate data- sharing analysis across platforms.
DATA-DRIVEN DECISION MAKING requires robust data collection, management, and analysis to support informed decision-making by buyers and sellers.
STANDARDS BODIES play a critical role in developing and maintaining standards for the market and facilitating collaboration across stakeholders.
TWO-WAY CONVERSATIONS between buyers and sellers lead to better understanding of needs and create more effective and sustainable markets.
THE VOLUNTARY CARBON MARKET (VCM) plays a significant role in addressing climate change, but innovation, collaboration, and investment are needed to unlock its full potential.
DIGITAL MEASUREMENT, REPORTING AND VERIFICATION (dMRV) offers the VCM a valuable tool to address concerns about quality, traceability and transparency. Understanding the challenges, benefits and implementation considerations will strengthen market integrity.
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