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MRV (Monitoring, Reporting, Verification)

Carbon & Climate
MRV refers to the system of Monitoring, Reporting, and Verification used to track greenhouse gas emissions, emission reductions, and climate finance. Monitoring involves continuous or periodic data collection. Reporting converts data into standardised formats (e.g., GHG Protocol, ISO 14064). Verification involves independent third-party assessment of reported data. Robust MRV is essential for carbon markets (CCTS, EU ETS), climate commitments (NDCs), and regulatory compliance (BRSR, CSRD).

Related Terms

GHG VerificationISO 14064Carbon AccountingCCTS (Carbon Credit Trading Scheme — India)

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