Verra, a leading standards setter for the voluntary carbon market, has announced a groundbreaking partnership with the Hedera Foundation to accelerate the digital transformation of global carbon markets.
The collaboration integrates Hedera Guardian—an open-source platform for digital environmental solutions—with Verra’s Project Hub, streamlining project development, registration, and review.
It will allow faster, more reliable project implementation and verification, backed by Hedera’s blockchain-based infrastructure.
Relevant: Verra Registers Landmark Carbon Project Under ICVCM-Approved Methodology
Backed by a five-year investment from the Hedera Foundation, the initiative aims to digitalize 20 more methodologies in 2025.
Open-source contributors can also earn up to $5,000 per methodology through the DLT Earth Bounty Program.
Verra is the first carbon market standards body to adopt this level of digital integration in a move to boost transparency, automate key processes, and enhance trust in carbon credit systems, according to a company statement on Wednesday.
Key benefits of the integration include real-time access to digitalized methodologies for project developers, streamlined workflows with automated tools, enhanced data transparency while protecting confidentiality, and faster project reviews and credit issuance through digital monitoring and reporting (dMRV).
This partnership represents a significant advancement in improving the efficiency and transparency of climate action while enhancing stakeholder services and supporting scalable, high-integrity solutions, Verra CEO Mandy Rambharos stated.
The first beneficiary is the ALLCOT Blue Carbon Mangrove Restoration Project in Senegal, which used the digital version of Verra’s VM0033 methodology.
The project successfully automated and submitted its design documents via the integrated system, demonstrating how digital tools can accelerate climate solutions on the ground.
This marks a new era where climate projects can scale with digital speed and integrity, Alexis Leroy, CEO of ALLCOT, said in a comment.
