October 2022
User-centric is the only approach to developing solutions that meet the needs of those who will use them. And while we have a strong understanding of the opportunities digital technologies can bring, we also strive to include users early in the development and design of our solutions.
Greenko was one of the first carbon project developers to embark on our digital mRV journey. We were curious to hear about their experience so we asked a few questions to Seshagiro Rao, who heads Greenko’s commercial functions. We figured you might be interested in hearing from him too, so here it is:
We think digitalization is an essential next step to minimize verification timelines, not only for Greenko but across all stakeholders involved. Today the process remains highly manual and documents overflow or site visits are increasing lead times. Verifiers physically visit project sites and we think digitalization could help minimize the risk of data misstatements during that process.
Yes, we built an integrated model for data capture & flow. Our Renewable Energy assets are spread across 15 states in India and building this model was a way to ensure seamless operations. Our idea was also to capture data on a real-time and error-free basis and when we heard of SustainCERT’s work on digital MRV we felt there was an interesting opportunity. The combination of credibility of impact claimed and the ability to claim those impacts in real-time is where we see the most benefits.
Digital and integrated quantification and verification approaches approach can help project developers access carbon markets faster, minimizing the risk of errors – that’s a win for the planet – and converting credits into additional revenue with minimum time and resources – that’s a win for companies. We are looking forward to what the future verification industry will look like, and playing a part in rewriting it is quite exciting.
A potential risk we are concerned with has to do with data security and issues with information security management system (ISMS) compliance. Making sure policies and procedures to manage data and to avoid security breaches is critical to maintain the integrity of digital verification.