Blockchain and Smart Contract-powered Argonne GREET Modeling Plus
For agriculture, there is a circular-economy approach to regenerative and climate-smart agriculture being driven through Verity capabilities. No longer are growers building in climate-smart AG practices to just doing “the right thing,” but the tracking and verification of the carbon intensity will create value at the feedstock and credit/token levels. Climate-smart agriculture will equal higher value and liquidity around these additive efforts. Doing the right thing will not only have a positive impact on the planet but will also generate more value across the carbon value chain. The MRV-V of carbon intensity around feedstocks and commodities presents an unprecedented opportunity to harness the macro factors driving the market and drive net positive systemic transformation of the sector.
This is largely due to these inherent aspects of the carbon markets:
• There has historically been no real verifiable, scientifically modeled, carbon intensity (CI) score through the whole carbon lifecycle, tracked back to field level feedstock production or sensor level for other energies (Carbon differentiated bio-fuels, Natgas, RNG, or Hydrogen)
• Almost zero connectivity of carbon intensity tracked through the supply chain (Scope 3)
• Too heavy reliance on outdated forms of carbon value & manual processes across the carbon value chain
• Lack of transparency & inability to efficiently incorporate (price) external factors relating to carbon intensity &/or related carbon impact factors globally, especially when sustainability factors are built in for regenerative & climate smart agriculture inputs and differentiated attributes for other energy & fuel sources.
To fully understand and measure the lifecycle of carbon intensity through a supply chain, Verity has created our system to scientifically model the factors that affect the outcome of carbon intensity in multiple environments from agriculture, to bio-fuels, to oil and gas. The Argonne GREET model (Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation) provides a standard of measurement for the real impact of Scope 1 – Scope 3 emissions from feedstock, through production, to combustion, with key factors taken into account such as land use with respect to food production and habitat, water-quality impacts, and more.