Digital Monitoring, Reporting, and Verification Systems and Their Application in Future Carbon Markets

Publication:
Digital Monitoring, Reporting, and Verification Systems and Their Application in Future Carbon Markets

dc.contributor.author	World Bank
dc.date.accessioned	2022-07-05T19:19:01Z
dc.date.available	2022-07-05T19:19:01Z
dc.date.issued	2022-05-31
dc.description.abstract	International carbon markets under the Paris Agreement are significantly different from those under the Kyoto Protocol. Under the Kyoto Protocol, only developed countries had greenhouse gas (GHG) emission reduction targets, and the protocol defined how carbon units could be traded across countries under international market mechanisms, such as the Clean Development Mechanism (CDM). By contrast, under the Paris Agreement both developed and developing countries are required to submit GHG mitigation goals as part of their nationally determined contributions (NDCs). The purpose of this technical report is to illustrate the need for digital monitoring, reporting, and verification (D-MRV) systems to underpin future carbon markets under the goals of the Paris Agreement by discussing the available technologies and barriers to their adoption. It includes guidelines, tools, and lessons learned to promote the use of these systems and emerging technologies. Section 1 of the report makes the case for transitioning from a conventional monitoring, reporting, and verification (MRV) system to a D-MRV system. It also examines the resources needed to develop and implement a D-MRV system, and what an enabling policy and regulatory environment for D-MRV systems might look like. Finally, it suggests a tool for assessing whether a parameter can beneficially be monitored and reported under a D-MRV system.Section 2 offers case studies from across the world demonstrating how D-MRV systems can be used to monitor, report, and verify mitigation actions and greenhouse gas inventories linked to forestry and land-use projects, household and rural renewable energy projects, and even waste-to-energy projects. The case studies include lessons learned and best practices for developing, implementing, and managing a D-MRV system.	en
dc.identifier	http://documents.worldbank.org/curated/en/099605006272210909/IDU0ca02ce8009a2404bb70bb6d0233b54ffad5e
dc.identifier.doi	10.1596/37622
dc.identifier.uri	https://hdl.handle.net/10986/37622
dc.language	English
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	PARIS AGREEMENT
dc.subject	KYOTO PROTOCOL
dc.subject	CARBON EMISSION REDUCTION
dc.subject	MRV
dc.subject	D-MRV
dc.subject	CDM
dc.subject	NDCs
dc.subject	GHG EMISSIONS
dc.title	Digital Monitoring, Reporting, and Verification Systems and Their Application in Future Carbon Markets	en
dc.type	Report	en
dc.type	Rapport	fr
dc.type	Informe	es
dspace.entity.type	Publication
okr.crossref.title	Digital Monitoring, Reporting, and Verification Systems and Their Application in Future Carbon Markets
okr.date.disclosure	2022-06-27
okr.date.doiregistration	2025-05-07T09:58:28.395013Z
okr.date.lastmodified	2022-06-27T00:00:00Z	en
okr.doctype	Report
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/099605006272210909/IDU0ca02ce8009a2404bb70bb6d0233b54ffad5e
okr.guid	099605006272210909
okr.identifier.externaldocumentum	33853318
okr.identifier.internaldocumentum	33853318
okr.identifier.report	173078
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099605006272210909/pdf/IDU0ca02ce8009a2404bb70bb6d0233b54ffad5e.pdf	en
okr.topic	Environment::Carbon Policy and Trading
okr.topic	Energy::Energy and Environment
okr.topic	Environment::Adaptation to Climate Change
okr.topic	Environment::Climate Change Mitigation and Green House Gases
okr.unit	Climate Change Carbon Markets an (SCCMI)