Registry

Ensuring traceability and transparency, it maintains detailed records of Riverse Carbon Credits from issuance to retirement, thereby preventing double counting and adhering to the protocols recommended by carbon market integrity organizations.

To issue RCCs, the project must have an account with the Riverse registry. All RCCs are issued, transacted, and retired on the Riverse registry. By using this registry, RCCs are allocated unique serial numbers to prevent double-counting.

Credit pools

Credit pools are defined as a number of credits with the same project, mechanism and vintage year. Credit pools are bundled during transactions.

A project is uniquely described on the registry by:

• project ID
• project name
• name of the project developer
• location
• type of mechanism (avoidance and/or removal)
• crediting period

Credits are uniquely described on the registry by:

• unique identifier
• project ID
• vintage year (year of verification)
• type of mechanism (avoidance or removal)

Status

Credits and pre-credits can have different statuses on the Riverse Registry:

Pre-credits & Pre-purchase agreements

Pre-credits are estimated upon project validation for the projected volume of emission  avoidance/removal over the project’s crediting period. They are conservatively calculated. 

Pre-purchase agreements are signed agreements between the PD and a buyer with defined volumes and prices of credits. These can be made once pre-credits have been estimated and the project has been validated.

Pre-credits are only used to track pre-purchase agreements for buyers. Their property rights can not be transferred to the buyer until the mitigation activity occurs and they are verified (hence become credits).

For pre-purchase agreements, the provision pool will not be used to replace pre-credits for which the verification was not possible.

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