Carbon credits issued for voluntary projects are validated, verified and accredited by carbon credit agencies. Satisfying the initial and ongoing verification requirements of these organisations is a key part of confirming to investors in green projects that their investment is being used appropriately. Thus recognition by voluntary carbon credit agencies and the rating of these credits validates the impact of Green Finance projects in reducing carbon emissions and enables access to additional funding and incentives for sustainable initiatives. Green Finance stakeholders need to achieve recognition by voluntary carbon credit agencies, and to that aim, they need to periodically estimate the growth of above-ground carbon stocks (in forests).
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