Genesys Reserve, a globally recognized name in sustainable innovations, recently launched its pioneering Electric Vehicle (EV) Methodology. Developed by carbon solutions firm Karbon Hero, this new standard is designed to measure, monitor, report, and verify carbon emissions reductions linked to the use of electric vehicles (EVs).
Empowering Emission Reductions
The new methodology will play a crucial role in incentivizing the switch from carbon-intensive vehicles to electric ones, thus curtailing overall carbon emissions. Its core function is to compute emission reductions from the charging of an EV at a charging station or battery swapping station. Additionally, it will issue carbon credits for validated reductions. This unique methodology can be adapted and deployed globally, allowing for optimal carbon emissions reduction quantification in line with a country’s energy profile.
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“As we move closer towards our climate goals, we will begin seeing more electric vehicles on the road and following the need for better infrastructure. Today we provide a way for EV businesses across the spectrum to further monetise their efforts through the trading of carbon credits,” affirmed Dr Sarah Shahril, Founder and CEO of Karbon Hero.
Incorporating Established Standards
The innovative methodology synergistically integrates already established standards such as the CDM Methodology on Electric and Hybrid Vehicles, The Integrity Council for Voluntary Carbon Market Core Carbon Principles, and standards set by the Intergovernmental Panel on Climate Change (IPCC). Yet, the distinguishing factor remains the exclusive Quality Assessment and Verification Framework (QAVF) introduced by Karbon Hero during the Genesys Reserve launch. This framework is instrumental in ensuring impactful offset activities and the creation of high-quality carbon credits.
Open Invitation for Collaboration
Genesys Reserve extends an open invitation to potential project developers to collaborate. The EV Methodology, with its simple and practical approach, facilitates the development of an EV-related offset project for any interested party.