Validation and verification of GHG projects and carbon credit transactions

ISO 14064-2: How to demonstrate commitment to responsible management of greenhouse gas emissions

Progetti GHG e delle transazioni di crediti di carbonio The validation and verification of projects related to greenhouse gas (GHG) emissions and carbon credit transactions is a fundamental step in the responsible management of environmental activities. 

By actively participating in these processes, we are committed to contributing to global efforts to mitigate climate change.

The service's benefits

The amount of CO2 released can be reduced, sequestered (removed from the atmosphere), or avoided through a sustainability project.

Thanks to the innovative RINA digital platform, you will be able to monitor the amount of CO2e reduced, sequestered or avoided in an intuitive way and receive a real-time verification opinion on the individual batch of product or on the use of a service/machine. 
The results can be shared with interested stakeholders, generate VERs (Voluntary Emission Reductions) and can be used for the inclusion of carbon credits in a registry. In addition, you will be able to receive verification opinions on the carbon credit transactions that your projects have generated.

The verification activity carried out through the digital platform adheres to the principles and requirements  of the ISO 14064-2 standard. This standard provides for the validation and independent verification of voluntary projects aimed at reducing emissions and/or increasing GHG removals. It focuses on the quantification, monitoring and reporting of projects related to GHG emissions and/or their removal. 

The service is designed for organizations that have developed a GHG project and seek validation and verification to demonstrate their commitment to sustainability, as well as their drive towards innovation and digitalization.

Key benefits include:

Why choose RINA?

Thanks to its innovative digital assurance service and a strong drive towards digital innovation, RINA can help organizations demonstrate their commitment to responsible greenhouse gas emissions management, improve their reputation, meet stakeholder expectations, and support sustainability efforts. 

Validation and verification process 

Our experts answer to the most frequently questions

The digital certificate is a real digital object based on verifiable credentials. Verifiable credential is a digital document that holds information about somebody, such as a diploma, or about a company, such as a certificate, and can be verified by other individuals or systems. These documents are designed to be secure and can be safely shared online. 

This specification provides a standard way to express credentials on the Web in a way that is cryptographically secure, privacy respecting, and machine verifiable.
In a credentials verification system, there are three main roles:

- Holder: The entity who possesses and controls the "verifiable credential." For instance, if your organization obtains a digital certificate, the organization is the holder of that document. The holder can decide when and with whom to share its credential.
- Issuer: The entity or organization that issues the "verifiable credential" to the holder. It could be an employer, or an authority granting recognition such as a certification body. The issuer creates and assigns the credential to the holder.
- Verifier: The party that verifies the authenticity of the "verifiable credential." It might be an employer, an institution, a stakeholder, or a client requiring verification of the credential. The verifier examines the credential to ensure it is authentic and valid.

These three roles are essential in the process of managing and verifying digital credentials. The holder owns the credential, the issuer issues it, and the verifier checks it to confirm its authenticity.

It means measuring the amount of greenhouse gases, expressed as CO2e, which has been:

- Reduced, i.e. there are fewer emissions compared to a baseline scenario
- Sequestered, i.e. stored or removed from the atmosphere
Avoided, i.e.  prevented from being released into the atmosphere thanks to the implementation of the project.

Yes, GHG projects must adhere to the principle of additionality, as stipulated by ISO 14064-2. This principle is a fundamental concept in greenhouse gas emissions management, applicable to both emission reduction projects and greenhouse gas removal activities.

Essentially, additionality refers to the difference between actual emissions or actual removals and what would have happened without the implementation of the project or reduction activity. In other words, an action or project is considered additional only if it leads to a net reduction in greenhouse gas emissions compared to what would have occurred in its absence.

The idea behind additionality is that reductions in greenhouse gas emissions should be measured against a "baseline scenario" representing emissions that would occur naturally or in the absence of the project or reduction activity. If actual emissions are lower than emissions projected in the baseline scenario, then the project can be considered additional and is contributing to an overall reduction in emissions. 

Regulatory Focus 

ISO 14064-2:2019 specifies principles, requirements, and project-level guidance for quantifying, monitoring, and reporting activities intended to cause greenhouse gas (GHG) emission reductions or removal improvements. This standard is part of the rules aimed at combating climate change and  can help organizations achieve the goals of the 2030 Agenda.

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