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Highlights
- Milestone Approval: dynaCERT has received final Verra approval for its Carbon Credit Methodology, validating its innovative HydraGEN™ Technology.
- Telematics Integration: The methodology allows for real-time vehicle monitoring through telematics, streamlining efficiency assessments and emissions tracking.
- Recurring Carbon Credits: Clients using HydraGEN™ can earn valuable carbon credits, creating economic incentives aligned with environmental goals.
dynaCERT Inc. (TSX:DYA) (OTC:DYFSF) (FRA: DMJ) has achieved a significant milestone in its sustainability efforts by obtaining final approval from Verra for its Carbon Credit Methodology. This approval is a crucial step in dynaCERT's mission to leverage its innovative HydraGEN™ Technology, which is designed to reduce fuel consumption and carbon emissions across a variety of internal combustion engines (ICE). The company's technology serves diverse applications in sectors such as transportation, mining, construction, oil & gas, and diesel generators.
On October 4, 2024, Verra published its Verified Carbon Standard (VCS) Methodology Revision VMR0004, titled "Improved Efficiency of Fleet Vehicles, v2.0." This revision was co-developed by dynaCERT and others and builds upon the CDM methodology AMS-III.BC, which focuses on emission reductions through improved vehicle fleet efficiency.
This new methodology is particularly applicable to projects aimed at enhancing the efficiency of vehicle fleets, including transport vehicles and mobile machinery. By doing so, it addresses the pressing issue of greenhouse gas emissions stemming from fuel and electricity consumption.
One of the most notable features of this revised methodology is its introduction of telematics systems for monitoring individual vehicles. These systems provide real-time data on odometer readings, fuel consumption, and operational time, which are recorded in a centralized database. This capability greatly streamlines project monitoring, making it easier for companies to track their emissions reductions and overall efficiency improvements.
Additionally, the updated methodology aligns with global net-zero transition goals by establishing a cut-off date for the inclusion of new fossil fuel vehicles. It also ensures compatibility with national and regional decarbonization strategies, paving the way for businesses to adopt sustainable practices.
The Verra approval presents substantial benefits for dynaCERT’s clients. By utilizing the HydraGEN™ Technology, clients can earn multi-year recurring streams of valuable carbon credits. This incentive not only enhances their sustainability efforts but also provides a financial reward for reducing greenhouse gas emissions.
dynaCERT intends to share the benefits of the carbon credits registered under Verra equally with users of HydraGEN™ Technology. This collaborative approach strengthens client relationships and underscores the company’s commitment to fostering sustainable practices across various industries.
