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New verification system marks a ‘fundamental shift’ in the voluntary carbon credit marketplace
2/4/2025
News
Hyphen Global has released a new voluntary carbon market standard that recognises carbon credits measured through on-the-ground carbon fluctuation data as opposed to predictive satellite measurements.
The Module for Eddy Covariance-Based Continuous Quantification of Greenhouse Gas Fluxes establishes an alternative standard of measurement for carbon credits, says atmospheric monitoring, reporting and verification (aMRV) supplier Hyphen Global. Directly measuring greenhouse gas (GHG) exchanges between the terrestrial surface and the atmosphere, it shifts away from traditional methods that rely on standardised emission factors and calculations to estimate emissions reductions or removals. The module was developed in cooperation with voluntary carbon market standards organisation Social Carbon Foundation.
The new standard for measuring CO2, methane and nitrous oxide emission reductions and removals over time marks a ‘fundamental shift’ in the voluntary carbon credit marketplace, continues Hyphen Global.
‘The adoption of scientifically rigorous, precision on-site aMRV practices is expected to significantly enhance the monetary value of carbon credits linked to agricultural and nature-based projects, fundamentally transforming the voluntary carbon market similar to how the evolution from proof-of-work to proof-of-stake in blockchain technology unlocked scalability and enabled widespread adoption,’ it adds.
The new verification system is open-source and available to all carbon projects and MRV providers.
Maxx Dilley, Director of Atmospheric Monitoring Services at Hyphen Global, comments: ‘This is our industry’s tipping point – we can now offer the market a verification system based on atmospheric measurements and hard data… Application of the Module will improve the clarity and credibility of carbon credit MRV enabled by near real-time measurements of greenhouse gases over time, reflecting actual emissions reduction and removal outcomes. This will lead to improved transparency and confidence, increasing trust and thereby increased investment in voluntary carbon markets.’
‘This Module has the potential to transform monitoring of natural climate solutions, tracking entire ecosystem GHG fluxes rather than focus on specific carbon pools,’ adds Mike Davies, CEO of Social Carbon. ‘We are now moving into an era of rigorous governance and trust; we believe this Module is a vital step in this journey.’
