Other Credit

Subtype

Definition: Other credits refers to subtypes of environmental offsets or credits that do not include carbon. Those environmental credits or offsets are measurable, traceable, and tradable units of an environmental action, such as the removal of plastics from the environment.

Description

Other examples of non-carbon assets include plastic removal, or sustainable development credits. Many Web3 projects are now producing non-carbon environmental process tokens. Examples of methodologies in development include Fibershed for sheep grazing, EthicHub or Yaupon for agroforestry coffee systems.

One key benefit from bringing these new types of assets on-chain is the improved integration with MRV technologies. This is particularly relevant given their complex methodologies. As stated before, Web3 technologies help efficiently structure data from different sources, and pass data between different models, formats and technologies. In addition, asset programmability affords the design of new types of modular stackable credits, such as the Marine Ecosystem Credits proposed by the Open Earth Foundation.[131]

Example

Regen Network provides tools to create standards and market for sustainable companies to buy carbon credits and nature-based solutions.

Regen Network developed a methodology to issue “Regenerative Sheep Grazing” tokens, a batch of which are already accessible on the Regen Atlas. Those environmental process assets represent high-density, short-duration rotational sheep grazing within vineyard ecosystems.

Methodology for Grazing in Vineyard Systems, v1.0 | Regen Registry