Working closely with peer institutions, the DCOI helped update Second Nature’s guidance materials for purchasing carbon offset credits and developing carbon offset projects internally. This update includes an alternative pathway for schools to pursue 3rd party verification for carbon offset projects via a peer institution. By allowing this new project pathway, institutions will be better able to leverage their academic resources to implement carbon offset projects at a reduced price while building robust educational opportunities.
To realize this project pathway, the DCOI a member of the Peer Review Committee which serves to structure and develop a system to facilitate Peer Verification of academic offset projects. The Peer Review Committee has brought together academics and carbon offset professionals, and charted the path to develop a professionally robust alternative to existing project verification. Peer Verification will empower academia to advance innovative offset projects, reduce the cost of verification, and build best practice guidance documents to inform project implementation for the global offset community.
The Peer Review Committee has chosen to structure Peer Verification solution to fit the form of an academic journal and build upon the resources available on OffsetNetwork.org. Guidance Documents as well as individual project documents (Project Specific Offsets) that are submitted by institutions, will undergo peer review before being made publically available. The DCOI is also working with current established voluntary carbon offset registries to see how the peer review process can inform registries in the future. Find additional updates as they become available by visiting www.offsetnetwork.org.