How are carbon credits tracked and verified?
1. Project registration and validation, including documentation and third-party validation.
2. Monitoring and data collection involve ongoing monitoring and periodic reporting.
3. Verification and certification by an independent verifier to confirm accuracy and credibility.
4. Issuance and registration of carbon credits, including credit issuance and unique identification in a centralized registry.
5. Trading and retirement of carbon credits, where credits can be traded on marketplaces and retired when used to offset emissions.