In November, Baku, Azerbaijan played host to a pivotal moment in climate action. And DOVU was part of it, making its debut at the UN Climate Change Conference (COP29). Alongside our partners in the Hedera ecosystem, we ventured to what many dubbed 'the first finance COP' to showcase how web3 technology can help tackle the climate crisis.

This is the first in a series of releases dedicated to understanding and scaling the role of Verification and Validation Bodies (VVBs) in global carbon markets. This release will outline the role of VVBs, the state of auditing practices, and where transformation is critical. The second release will outline how this transformation is taking place and highlight some of the VVBs helping shape it. The third and subsequent releases will outline the Hedera Guardian ecosystem and key organizations' efforts to accelerate carbon markets' sustainable transformation.