Transparency and efficiency are two key principles in any Climate Finance activities. The first step is to have clearly defined eligibility and MRV requirements in the investment policy. These requirements will heavily depend on the asset class, type of investors, investees, etc. They generally cover technical aspects of the projects that demonstrate their positive climate impact, baseline definitions, constants used, internal and external reporting information, quality assurance practices, etc.
The second, and even more important step is to establish a team with appropriate capacities to perform the required tasks. This team may be supplemented in the start-up phase by a team of external experts to develop the more intensive work. At this stage, the implementation of an impact data management system is also recommended as it allows reducing team workload.
EC&D personnel has successfully performed the tasks above for leading climate funds and other organizations.