Future of Carbon Markets, Project End-to-End Traceability: Key Considerations for CFOs in 2023

As we find ourselves in the middle of 2023, carbon markets are undergoing substantial transformations, facing increased regulation, scrutiny, and challenges. The year commenced with scandals surrounding non-profit organizations approving dubious credits. Countless companies have admitted that their net zero goals are invalid, their credits worthless, and they are now compelled to purchase additional credits from the market. With the introduction of the EU Green Deal and alterations in the UK, both large and small companies are encountering new obstacles and modifications in their carbon credit procurement processes.

EU Green Deal Implications

It is widely acknowledged that carbon taxation is on the horizon in various forms. Operationally, companies need to consider supply chain measures and actions. Regarding reporting and credits, compliance will depend on which credits are accepted, if you don't mind. Analysts suggest that approximately 90% of current credits will not meet the mandatory reporting standards, placing companies in a challenging position. Boards and companies that have acquired credits from the secondary market or from sources that lack detailed project information should review and verify their holdings.

End-to-End Traceability

Companies should prioritize achieving end-to-end traceability. Unlike many others in the market, Martello offers the ability to trace every step of the project and record the buffer, ensuring precise measurement of every gram of carbon. With the UKCCC certification, customers and buyers can scrutinize the entire project, understand the buffer application, and have complete visibility.

Martello's Value Proposition for Investors and Companies

Martello has meticulously overseen the development of the hemp project and the entire value chain. As a sustainability-focused organization, we have already implemented a substantial buffer, guaranteeing accurate carbon accounting. Purchasers of our credits receive a comprehensive walkthrough of the entire project, enabling them to discuss the merits and the MRV (Measurement, Reporting, and Verification) process with the UKCCC. We assure you that our credits will allow them to achieve their Net Zero goals.

Rest assured, together; we can accomplish our sustainability objectives.

J.M.

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