Climate Foresight 2025

LuxCS also follows a high standard of corporate governance, based on the ICROA Code of Best Practice (ICROA 2024), the ICVCM Fundamental Carbon Principles (ICVCM 2024), and the IPCC Guidelines for National Greenhouse Gas Inventories (IPCC 2019). The Triple C Protocol is more efficient and affordable than conventional carbon measurement processes, as it focuses on biodiversity proxy information rather than time-intensive carbon measurement processes. Most carbon credit p rograms seek to avoid emissions, which requires burdensome baseline data collection. Instead, the reliance on biodiversity characteristics measures the carbon that has already been absorbed in the land, precluding resource-intensive baselines. As another differentiator, LuxCS covers both avoided deforestation, similar to REDD+ (Reducing Emissions from Deforestation and forest Degradation in Developing countries), and afforestation, reforestati on, a nd restoration (ARR) conservation practices. Explaining LuxCS’ Verification Process Figure 11 outlines the LuxCS carbon credit verification process. Climate Foresight: Transforming the Voluntary Carbon Markets, by Roger Spitz & James Balzer 26 © Disruptive Futures Institute, March 2025