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May 2023 |
MRV Collective is a not-for-profit, design and build, MRV solutions organization. We are a coalition of MRV (Measurement, Reporting & Verification) companies and organizations working to make MRV more affordable, reliable and scalable in order to accelerate investment in nature-based solutions to mitigate climate change, ecosystem collapse and biodiversity loss. |
Highlights |
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 | Join us at London Climate Action WeekNature Tech Showcase
Monday June 26 @ 4PMThis dynamic and interactive in-person experience will showcase the latest developments from MRV and nature tech in the UK. |
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Summary and Key Learnings |
Nature Data Utility, Second MeetingThe TNFD Nature Data Public Utility Steering Committee met once again to review various use cases, architecture, and data quality. Our comments were included in this month’s convening included learnings from the Nature Data Catalog project regarding indigenous data sovereignty and federated data architecture. Recommendations from the committee will be shared with the G20 in June. |
Biodiversity MRV Week for MRV Providers — You’re Invited to Costa Rica this August!
Want to test, educate, and scale your in-situ biodiversity MRV solutions in the Global South? Apply now to be considered for Biodiversity MRV Week including accommodations for providers who, measure report or verify on biodiversity developing science based methods based upon in-situ datasets have customers and product
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Good News |
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Welcome to the Collective! |
| KanopKanop is an AI-powered SaaS platform revolutionizing MRV (Measurement, Reporting, and Verification) for natural ecosystems conservation and restoration projects, addressing the need for trustable, scalable and affordable solutions. Utilizing satellite imagery, Kanop assists project developers by supplying precise, scientifically-backed impact data that can be employed to validate their positive contributions. | |
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| Crowther LabThe Crowther Lab at ETH Zürich is an interdisciplinary research group which aims to generate a better understanding of global ecology in order to inform and address biodiversity loss and climate change. | |
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| UnderstoryUnderstory’s mission is to fight climate change and biodiversity loss by providing actionable metrics for environmental management and trusted verification for nature based solutions. We use a combination of drone and satellite imagery to identify vegetation down to the species level and quantify biological data. | |
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Challenges |
Financial institutions struggle to cut financed emissions because clients lack credible decarbonization plans |
The Glasgow Financial Alliance for Net Zero, announced by Mark Carney, is facing challenges regarding net zero commitments. Clients of financial institutions do not yet have credible decarbonization plans and therefore banks are still financing emissions.
Financial institutions may face similar scrutiny with respect to financing ecosystem and nature destruction. TNFD adoption is more important than ever — along with location data to prove it.
Read more regarding these challenges from Reuters here |
The cost of bad data is greater than $3 trillion per year in the US alone |
Nature data will continue to face significant challenges due to quality. In the US alone, it has been estimated by IBM that the cost of bad data is $3 trillion dollars.
Whether AI or human decision makers, bad data and poor data quality lead to numerous failures including loss of income, inaccurate analytics, fines, reduced efficiencies, missed opportunities, reputational damage, wasted time & money — and above all — nature loss.
While PCAF and PBAF have dedicated significant attention to data quality from an accounting perspective, nature data market participants can look to the genomics sector for examples of what collaborative models look like for “a more systematic approach of low-level integration.” One such example is the Broad Data Sciences Platform and others are listed in this paper advocating for data quality aware platforms where “data quality can be generally addressed” through cooperative methods. |
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In the News |
News, nature data, research, MRV applications |
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