June 6, 2024

Harnessing the Power of Atmospheric-Based dMRV for Climate Action

Harnessing the Power of Atmospheric-Based dMRV for Climate Action

The Critical Role of Atmospheric Data in MRV

Climate change demands robust monitoring tools, and markets need to leverage the power of atmospheric concentration and flux data for accurate emissions measurement. This is where Monitoring, Reporting, and Verification (MRV) systems play a pivotal role, tracking greenhouse gas (GHG) emissions and removals for countries, organizations, and companies. These data guide policymaking and measure progress towards achieving climate goals. However, traditional MRV methods that rely on activity data and static emission factors, face limitations in accuracy, timeliness and cost.

FLUXES: Highlighting the Importance of Atmospheric Measurements

The recently released Volume #3 - 2024 of FLUXES, the European Greenhouse Gas Bulletin, underscores the critical role of MRV systems in accelerating climate action. FLUXES is a yearly publication by ICOS, the Integrated Carbon Observation System, designed to inform policy advisors and climate journalists on the latest science. This influential report emphasizes the importance of atmospheric-based GHG monitoring, which ICOS refers to as observation-based, measurements for improving the accuracy of activity-based emission factors. By directly measuring GHG concentrations and their movement throughout the atmosphere, atmospheric-based measurements provide a clearer picture of emissions compared to relying solely on estimations based on activity data. You can read the full report from ICOS here.

Observation-Based/Atmospheric-Based MRV: A Game Changer

Observation-based MRV systems, using ground-based and satellite measurements, provide detailed insights into GHG concentrations and their movement between land, oceans, and the atmosphere (fluxes). This approach complements traditional inventories by offering independent data to verify reported emissions against actual atmospheric data. Successful examples include the UK's Met Office inversion technique and ICOS stations across Europe, which have improved emission factors and inverse modeling.

Benefits of Observation-Based MRV

  • Enhanced accuracy and data reconciliation through independent atmospheric measurements.
  • Improved emission factors and modeling capabilities.

Timely and Reliable Data is Key

The EU's climate policy hinges on timely and reliable data. Enhanced monitoring through Copernicus will provide quicker and more precise data, allowing EU countries to meet their climate targets more effectively.

Hyphen Global’s Atmospheric-based dMRV Solution

Hyphen Global AG, a Swiss company, is at the forefront of efforts to support carbon markets with Atmospheric-based digital MRV (A-dMRV). A-dMRV uses on-site atmospheric monitoring instrumentation to obtain continuous, dynamic, near real-time measurements of GHG concentrations and fluxes for specific sites. The collected data is integrated into a digital infrastructure using blockchain technology and smart contracts for enhanced transparency and traceability. The resulting flux values, in tons of carbon dioxide or equivalent, translate directly into carbon credits.  These credits can be for emissions reductions or for removal of GHGs from the atmosphere, the latter including from nature-based carbon sinks. High quality credits can command higher prices which pay for the costs of the monitoring infrastructure.

Hyphen's Solutions to MRV Challenges

  • Technological Integration: Hyphen's dMRV converts atmospheric GHG measurements from on-site instrumentation into total flux quantities for specific project areas.
  • Enhanced Transparency and Traceability: Access to raw and corrected data via the Hedera Guardian and MGS platform ensures meticulous digital reporting. Such reporting can also include biodiversity data, land cover changes, and additional metrics, setting new standards for MRV scope, accuracy and accountability.
  • Smart Contracts and Blockchain: Automates and secures the MRV process, preventing double selling or unauthorized carbon offset sales. This reduces transaction costs and democratizes access to carbon markets for smaller entities.
  • Global Data Integration: Hyphen integrates data from a global network of observing stations, including ICOS stations, providing a comprehensive data stream for public and private sector applications, enhancing the scientific integrity and operational reliability of GHG monitoring infrastructure.

Cracking the Code on Global Scalability

Traditionally, deploying MRV systems has been cost-prohibitive and geographically limited. Hyphen's innovation lies in its ability to overcome these challenges. By leveraging cutting-edge technology and established scientific methods, Hyphen's atmospheric-based dMRV system is designed for low-cost and scalable deployment, making it suitable for developing and emerging markets. Hyphen's dMRV, which draws on the same atmospheric-monitoring technologies and methods as ICOS, can be deployed anywhere on the globe, be it the jungles of Indonesia, the woodlands of Tanzania, or farmlands in the USA.

Hyphen's atmospheric-based dMRV system represents a paradigm shift in MRV technology. By harnessing the power of atmospheric data and overcoming the limitations of traditional methods, Hyphen provides a robust, transparent, and globally scalable solution for monitoring GHG emissions. This innovation goes beyond just improved accuracy; it empowers decision-makers and markets with a clearer picture of emissions and removals – fostering trust in carbon markets, and unlocking wider participation from developing economies. This paves the way for more effective climate action on a global scale, accelerating our path towards a net-zero future.

To learn more about Hyphen's Atmospheric-based Monitoring, Reporting and Verification, download our Research Report here.

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