MRV-V stands for Measurement, Reporting, Verification and Value. The MRV-V of carbon intensity around commodities presents an unprecedented opportunity to harness the macro factors driving the market & create both new value creation and better earth outcomes through the systemic transformation of the sector. The last “V,” value has been left out of the equation for too long, not creating incentives at the source level for commodities producers to participate in financial upsides of creating better planetary outcomes for future generations.
This is largely due to aspects inherent in carbon markets:
• There has historically been no real verifiable, scientifically modeled, carbon intensity (CI) score through the whole carbon lifecycle, tracked back to field level feedstock production or sensor level for other energies (Carbon differentiated bio-fuels, Natgas, RNG, or Hydrogen)
• Almost zero connectivity of carbon intensity tracked through the supply chain (Scope 3)
• Too heavy reliance on outdated forms of carbon value and manual processes across the carbon value chain
• Lack of transparency & inability to efficiently incorporate (price) external factors relating to carbon intensity and/or related carbon impact factors globally, especially when sustainability factors are built in for regenerative and climate smart agriculture inputs and differentiated attributes for other energy and fuel sources.