What is a mrv?

An MRV (Measurable, Reportable, and Verifiable) is a procedure or a set of procedures that aims to accurately measure, report, and verify emissions from different sources, mainly greenhouse gases. This is often used in climate mitigation efforts, including carbon offsetting programs, as a way to ensure that the claimed reductions in emissions are measurable, reportable, and verifiable. MRVs typically rely on data collection, monitoring, record-keeping, and verification processes that follow strict international standards and methodologies, such as those developed by the UN Framework Convention on Climate Change (UNFCCC). MRVs also play a crucial role in tracking progress towards achieving climate targets and informing policy decisions related to climate change.