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Mission
Carbon Project Integrity
The Guardian Ecosystem enables ALLCOT to create a standardized project development framework that fosters trust, transparency and compatibility across all project stakeholders. This ensures the creation of high-integrity projects while maximizing benefits for local communities.
The Guardian Ecosystem facilitates the fulfillment of methodology standards, validation body requirements, project developer needs, and community expectations, thereby enhancing the overall efficiency and transparency of the project
ALLCOT stakeholders benefit from access to accurate and comprehensive information on Hedera Guardian’s public ledger, leveraging a common set of rules and standards, fostering trust and accountability.
Transparently demonstrating how project resources are allocated on the public ledger enables ALLCOT’s stakeholders to comprehend the full scope of a project's efforts, flow of funds, and impact.
By recording the transaction cost at every stage of a project's progress, resulting carbon credits can be priced to maximize revenue distribution back to the local community.
By utilizing Hedera Guardian’s digital ledger, ALLCOT is able to minimize accounting errors, make auditing more open and efficient, and enable a more equitable emergence of verification and validation partners.
The Hedera Guardian Ecosystem establishes a secure chain of data custody, particularly in the case of drone-captured information for origination purposes. This enables ALLCOT to ensure that all project data remains intact, trustworthy and accurately tethered to each project attribute.
By ensuring that data provided aligns with the necessary frameworks, the Guardian helps meet specific industry needs and standards, while ensuring compliance with multiple reporting requirements.
ALLCOT is focused on creating products that surpass the limitations of conventional methods, shifting towards more advanced and efficient approaches to future sustainability markets.
The Guardian serves as a single source of truth, ensuring that policies and rules are standardized and compatible with other sustainability market actors. This enables ALLCOT to align financing through carbon forwards and the structuring of green bonds seamlessly across various entities within the ecosystem
The adoption of a common taxonomy within Guardian enables ALLCOT to establish a standardized language for discussing and addressing various sustainability issues. This fosters better communication and alignment for more effective and cohesive climate action.
By leveraging the flexibility and adaptability of Guardian, ALLCOT has the ability to provide various pathways for different stakeholders as the sustainability market evolves.
The Hedera Guardian Ecosystem operates as a common good, providing services to the entire ecosystem without an extractive fee-based model.
ALLCOT leverages the Hedera Guardian Ecosystem to build on and integrate various services and initiatives already established by other community members. This creates an aligned, streamlined ecosystem of sustainability market actors that avoids duplication to serve the needs of communities, investors, and project developers.
Overview
A Carbon Registry is a system that tracks the issuance, transfer, and retirement of carbon credits or offsets. The Digital Public Good (DPG) National Carbon Registry is an open-source digital platform designed to help governments enhance transparency, credibility, and efficiency in carbon markets. The development of the DPG Carbon Registry was initiated by the United Nations Development Programme (UNDP). The platform enables countries to track, manage, and trade carbon credits in alignment with the Paris Agreement and national climate commitments.
The HBAR Foundation, in collaboration with Xeptagon, is integrating the DPG National Carbon Registry with Hedera Guardian as an additional feature. Xeptagon brings expertise from developing pilot National Carbon Registries for Namibia, Sri Lanka, and Zimbabwe, as well as Carbon Marketplaces for ventures in South Korea and Hong Kong. The Hedera Guardian, a public ledger-based tool, enhances the transparency, security, and efficiency of carbon markets by digitizing methodologies and standard workflows, supporting analytics, and enabling digitally efficient reporting.
Hedera’s secure and efficient public ledger, combined with Hedera Guardian and the DPG Carbon Registry, facilitates streamlined impact accounting for countries developing carbon registry systems under Article 6.2 of the Paris Agreement. This auditable, blockchain-based platform empowers countries to manage carbon data transparently, ensuring accurate environmental reporting and impactful climate action.
By providing a secure and verifiable system for registering carbon projects, issuing carbon credits, and facilitating transactions, the registry enables governments, businesses, and stakeholders to participate effectively in global and domestic carbon markets. It also integrates with Article 6 mechanisms, voluntary carbon markets, and national reporting systems to ensure compliance and market integrity.
The DPG Carbon Registry will play a crucial role in accelerating climate action, mobilizing climate finance, and driving sustainable development through market-based solutions.
Key Features of the National Carbon Registry
- User Registration and Management
Allows various stakeholders—such as government officials, certifiers, and project developers—to register and gain appropriate access, facilitating coordinated management of carbon credit activities. - Project Registration and Validation
Enables the submission and approval of carbon reduction or removal projects. Independent entities validate these projects to ensure they meet established criteria before they are published in the registry. - Monitoring, Reporting, and Verification (MRV)
Supports ongoing monitoring and reporting of project outcomes. Verified emission reductions lead to the issuance of carbon credits, ensuring that credits represent genuine environmental benefits. - Carbon Credit Issuance and Management
Assigns unique serial numbers to each verified carbon credit, enhancing transparency and preventing double counting. All transactions, including transfers and retirements, are immutably recorded. - Transfer and Tracking
Facilitates the transfer, tracking, and retirement of carbon credits within the registry, ensuring proper ownership transfer and maintaining the integrity of the carbon market. - Analytics Dashboard
Provides interactive data visualizations, including graphs, maps, and regional statistics, offering users clear insights into progress and trends within the carbon market.
- Interoperability and Data Export
Aligns with international data models, such as the Climate Action Data Trust (CAD Trust), ensuring compatibility with other systems. An open RESTful API allows for the development of additional transparency tools and seamless integration with external platforms. - Open-Source and Customizable
As an open-source digital public good, the registry allows countries to replicate and adapt the platform to fit their specific needs and contexts, potentially reducing production costs and implementation timelines.
Why is the Guardian-Enabled National Carbon Registry Needed?
- Lack of Transparency & Trust
Carbon markets have had major issues with the lack of transparency and trust. Guardian ensures that all transactions (issuance, transfer, and retirement of carbon credits) are publicly verifiable, reducing fraud, double counting, and manipulation using its decentralized ledger technology. - Double Counting & Fraud
Traditional processes face a risk of double credit counting, which refers to counting the same environmental benefit more than once. By recording carbon credits on a decentralized ledger, blockchain prevents duplicate claims on the same credit across different markets or registries. - Complexity of Methodologies
Project developers currently face the challenge of understanding and complying with complex methodologies, making it difficult to learn quickly and adhere to the required standards. The National Carbon Registry will leverage the Guardian’s infrastructure and the world’s largest open-source library of digitized methodologies to remove complexities. - Lack of Interoperability between Registries
Guardian facilitates standardized, interoperable systems, allowing multiple registries to communicate and operate efficiently across jurisdictions. - Auditability and Communication
For validation and verification bodies (VVBs), the ability to audit projects effectively and maintain clear communication is essential. Manual systems can create delays and inefficiencies in these processes due to the lack of transparent, auditable data which is readily available using Guardian.
Impact & Future Directions
Hedera Guardian Integrated National Carbon Registry sets a new benchmark in climate finance by combining Hedera’s blockchain with advanced carbon registry systems. This innovation not only ensures transparent environmental reporting but also enables countries to validate their climate actions and transition to a low-carbon economy. As more nations adopt these technologies, the cumulative global impact will drive significant progress in mitigating climate change.
Learn More
We invite governments, carbon market stakeholders, and standard-setting bodies to collaborate on the opportunity to build high-integrity carbon markets.
To explore our projects and discover collaboration opportunities, please contact us at sif@hbar.fund OR info@xeptagon.com.
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