👏 Renoster ratings agency just published an in-depth review of Open Forest Protocol's reforestation (ARR) methodology! This review represents the first time a third party has undertaken and published an in depth review and analysis of Open Forest Protocol. Our team has aimed to remain transparent, honest, and adaptive in how we share our methodologies, activities, and future vision for the protocol and the Voluntary Carbon Market. Renoster granted us an incredible opportunity to put our system to the test through a thorough, honest, and evaluative review. As a new standard for reforestation (ARR) credits, we hope that this assessment helps capital providers, project developers, and off-takers alike to gain confidence in a new paradigm where inclusivity, scalability, and quality are not at odds, but mutually attainable with Open Forest Protocol. 🌲Key general findings from the Renoster review of Open Forest Protocol ARR methdology: 1. Tackling Conflicts of Interest in Carbon Verification. 2. Above-average Quality Criteria for ARR projects 3. A System for Small Farmers and Large Scale Projects Alike 4. Transparency Through a Blockchain-Based Platform Renoster also shared recommendations for refining our best-practices into the future! Read the full review and please know our team is available for any questions, comments, or feedback. Thank you once again to Renoster for their hard work and dedication to thorough, honest evaluation to shape the landscape of the VCM for decades to come. Read the review here: https://lnkd.in/ggc-VxyT Read our methodology here: https://lnkd.in/gynDe2Rg Get in touch with us here: https://lnkd.in/g2VTZV2h Sean Penrith, Jaxon Love, Anton Root, Diego Saez Gil, Anna Lerner Nesbitt, Andrew Heald, Lulu LaViolette, Jill Brachhausen Orhun, Fred Campos, Chandler Van Voorhis, Rhett Ayers Butler, Elizabeth Lokey Aldrich, Fernando Campero, Nerea Escribano, Kim Raath, PhD, Scobie Mackay, Dan Harburg, Mathew Jeffrey, Zoe B Hall, Alexia Kelly, Braydon Delgado, Hope Bristow, Paulo Quadri , PhD., Julia (Osterman) Strong, Juliet Munroe, Diego Parra, Aaron Minnick, Catherine Adam-Albarracin, Michael Grohmann, Adrian Wons #carbon #methodology #carboncredits #review #Renoster #report #forest #green #blockchain #greenfinance #climateaction #climatechange #carboncredits #afforestation #reforestation #regeneration #future
🌎 The Voluntary Carbon Market (VCM) is essential in mitigating climate change, but its success depends heavily on the rigorous and honest methodologies used by participating organizations. Recently, Renoster conducted an evaluation of Open Forest Protocol's (OFP) methodology for afforestation, reforestation, and revegetation (ARR). OFP's approach includes significant innovations aimed at improving quality and addressing major challenges in the carbon markets. We commend their efforts in taking action to come up with tangible solutions, and hope their work acts as a catalyst for improved methodologies across the broader market. 🔍 Key Innovations in OFP’s Methodology: 🌱 Tackling Conflicts of Interest in Carbon Verification → OFP's unique system utilizes randomized, multiple Validation and Verification Bodies (VVBs) to enhance the credibility and independence of carbon verifications. 🌱 Setting High Quality Standards for ARR Projects → Strict standards allow only genuine native forest restoration, setting new benchmarks in additionality and ecological impact and surpassing standards like Verra and Gold Standard. 🌱 Empowering Small Farmers with Accessible Technology → An automated, app-based system opens carbon market access to small landowners and simplifies verification, enhancing project viability and promoting community involvement. 🌱 Advancing Transparency in Carbon Accounting → OFP ensures public access to critical data like project locations and tree measurements, encouraging accountability and letting stakeholders directly assess project impacts. While we do offer suggestions for further improvement in our review, we find OFP’s approach to be incredibly rigorous and free of conflict especially in comparison to other existing methodologies. OFP is among those leading the way with better standards and solutions that genuinely address issues that have plagued the VCM, and the credits issued through their approach will likely be some of the best in the VCM today. 🎬 If you’re interested in learning more about OFP’s methodology, have questions, and are eager to engage in conversation, we highly encourage you to attend our upcoming webinar, "Setting a New Standard: How OFP’s Methodology is Shaping the Future of Carbon Credits". Our lineup includes Renoster team members Elias Ayrey (PhD) and Mary Ignatiadis, OFP team members Jeremy Epstein and Aureline Grange, and Robbert van Doorn from Green Horizon to provide a project operator perspective. We will share more about this event in the upcoming weeks and look forward to digging in with all who attend! Register here: https://lnkd.in/gA3M6eiy In the meantime… 💡 Read our full review of OFP’s methodology: https://lnkd.in/ggc-VxyT #DeepTransparency #VoluntaryCarbonMarket #CarbonMethodology #ARR #CarbonVerification #CarbonAccounting #ClimateTechnology #ClimateSolutions