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This overview establishes a model set of standards for tokenization, contractual extensions, workflows, and analytics for voluntary ecological markets. These standards are based on the IWA’s Token Taxonomy Framework, and intend to serve as foundations for using distributed ledger technologies (DLT) to create an auditable and scalable ecosystem for voluntary ecological markets.
The Digital MRV Framework defines the terminology, roles, process, generic evidence packaging, and attestation that digital MRV solutions should follow to originate these next generation digital assets. The framework defines a generic roles-based process along with an extensible data model to facilitate the reuse of common infrastructure across asset classes and allow customization for the diverse set of activities that can produce these new assets.
The Carbon Emission Token (CET) Taskforce discusses the evolution of today’s Carbon Compliance Markets (CCMs) and explores the transformative role CET could play in enhancing these markets, specifically around carbon accounting and reporting in Emissions Trading Systems (ETSs) and cross-jurisdictional carbon leakage.
The CET Protocol uses the IWA’s Token Taxonomy Framework (TTF) to define, and provide guidance for, the tokenization of emissions.