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Verra’s (Verified Carbon Standard) Approach to Third-Party Crypto Instruments and Tokens

Cryptotraders and tech disruption. Also in the carbon credit markets, the moment is a matter of debate. Verra, like Gold Standard, is a traditional certifier for environmental assets, and is also involved in standardization, independent assessments and audits, accounting methodologies and registration. Its "Verified Carbon Standard" seal is a standard for certifying carbon emission reductions. Last Wednesday, July 20, 2022, Verra announced that it will open a public consultation on third-party crypto instruments and tokens in use in the carbon credits market. And at the end of August/2022, it will hold a webinar on this topic. Among others, the public consultation will include the following topics:

  • What enabling measures may be implemented to responsibly associate Verra instruments with crypto instruments or tokens;

  • What know-your-customer (KYC) checks should be conducted on issuers and/or holders of crypto instruments or tokens;

  • How the Verra Registry Terms of Use should be amended; and

  • What fees, if any, Verra should charge in relation to crypto instruments and tokens.

Click on the image below - example of a certificate of compensation by the Brazilian startup Moss.Earth and its CEO Luis Adaime - to read the original statement from Verra. And here for the recent positioning, or answer, of KlimaDAO - trader of KLIMA, digital currency backed by carbon credits - in an equally recent post on Linkedin





“Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.”

“I am among those who think that science has great beauty”

Madame Marie Curie (1867 - 1934) Chemist & physicist. French, born Polish.

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