climate impacts, sequester carbon, and generate social benefits that improve community adaptive capacity (IPCC 2022). 5.Integrity and reducing single points of failure: The LuxCS rating system, administered by independent, reputable organizations, classifies carbon credits on a per-project basis. This process enhances market integrity and provides additional security by scrutinizing each project, ensuring that any failures are isolated, mitigating risk fo r o ther projects. Anticipatory LuxCS demonstrates anticipatory principles through the following: 1.Climate foresight and futures intelligence: A precondition to managing risk is to measure risk. LuxCS offers comprehensive and accessible data for landholders, enabling monitoring and evaluation capacity. 2.Climate-related monitoring: Enhanced carbon credit disclosures support greater VCM transparency, informed investment decisions, and increased quali ty. L uxCS’ insights promote comprehensive disclosure. 3.Anticipatory governance: Recognizing the intensifying outside scrutiny of VCMs,progressive players like LuxCS go beyond mere adherence to best practices. Instead, they rethink the traditional VCM practices, considering systemic and long-term climateimpacts. Proactive, not reactive, LuxCS collaborates with stakeholders, regulators, andmarket players to continuously push for higher-integrity VCM s i n Brazil. Agile LuxCS demonstrates agile principles through the following: 1.Sense-making : LuxCS proposes to offer localized insights from large datasets. The carbon and biodiversity data enabled by LuxCS intends to provide high quality andquantity of localized data. Likewise, its use of biodiversity data to more expeditiously measure carbon enables sense-making, adapted to specific Brazilian biomes. Climate Foresight: Transforming the Voluntary Carbon Markets, by Roger Spitz & James Balzer 29 © Disruptive Futures Institute, March 2025

Climate Foresight 2025