Overview

1. Project Summary

Project Name	Trusted Carbon Credit Tracking and Verification Platform
Project Code:	PRP/106/24CI
Project Type:	PRP Project
Project Period:	2025-09-01 to 2027-02-28 (18 months)

2. Project Objectives

1. R&D an independent Trusted Carbon Credit Tracking & Verification (TCCTV) Platform for the stakeholders of Carbon Credit Ecosystem: Project Owners / Consultants / Verifiers

   • Reduce workload & cost
   • Enhance carbon data trustworthiness
   • Provide subscription-based platform services for operating carbon projects

2. Propose NEW Carbon Crediting Methodologies for Urban & Technology related projects

3. Drive More Carbon Reduction Projects in HK and Asia, firstly target Construction & Property Management

4. Facilitate HK as to be an International Carbon Market

3. Technical Approaches

1. Workload & Cost: Digitalize & automate manual process of continuous tracking, calculation and verification
2. Data Trust:
   • Integrity: implement by Distributed Ledgers & Smart Contracts
   • Greenwashing Prevention: Embed AI-enabled Consistency Check to detect fraud data fed into the platform
   • Double Counting Risk Evaluation:
     • build cross-registry Carbon Project Directory from major Carbon Registries
     • create Evaluate Model for analyzing the similarity Carbon Project's geo-location and methodology
3. Trials on TWO (2) Carbon Reduction Cases for illustration of the automated process & proposing new methodology
   • Property Management: Energy Saving of Motto by Hilton HK SOHO Hotel
   • Construction:
     • Battery Energy Storage System (BESS) and diesel generator in construction site
     • Propose a new Urban Crediting Methodology in CDM for industry adoption

4. Project Deliverables

Item	Deliverables	Time Schedule	Date
1	Trusted Carbon Credit Tracking and Verification Platform
1.1	Carbon Tracing Module 1.1.a) Data Import Module 1.1.b) AI Consistency Check Module	T + 12	2026-08-31
1.2	Carbon Tracking Module a) Blockchain Module for creating, updating and querying blockchain records b) Carbon Footprint Module according to Carbon Crediting Methodologies Industry Co-applicant will do accounting to verify Platform's Carbon Footprint is according to CDM Methodology	T + 12	2026-08-31
1.3	Carbon Reporting Modules a) Carbon Footprint Reporting Module b) Carbon Reduction Reporting Module c) Double Counting Risk Module - Build cross-registry Carbon Project Directory Ingest > 1000 Carbon Projects from 3 Carbon Registries (Verra, Gold Standard and Cercarbono) - Assign Double Counting Risk using the location and methodology between two projects/proposals - Web portal for look up Carbon Projects and Double Counting Risk Industry Co-applicant will do accounting to verify > 40% man-day saving in account auditing	T + 15	2026-11-30
1.4	Public Interfacing Modules a) Web Portal: User Interface for Carbon Data Query and Visualization b) Public API: Carbon Data Input and Query, handle > 100 data ingestions per minute per Carbon Project c) Notification Module: Notification for Detected Inconsistency	T + 15	2026-11-30
1.5	Model Selection Module a) Training pipeline for 3 categories of anomaly detection models (Statistical, Classical ML, Deep Learning) with 15 hyper-parameters as Candidate Models, using Data from Industry Co-applicant in Trial #1 b) Evaluate the Candidate Models with Robust Rank Aggregation Algorithm to select the best model c) Selected model has AuROC accuracy > 0.8 on Industry Co-applicant's Dataset with synthetic anomaly injection	T + 12	2026-08-31
2.1	Trial #1: Property Management – Energy Saving (Hotel) a) Integration with the Industry Co-applicant's existing Carbon Tracing Platform b) Carbon Footprint Report and Carbon Reduction Report for the trial period	T + 18	2027-02-28
2.2	Trial #2: Construction Site: Hybrid Power Supply (BESS) a) Proposal of Hybrid Power Supply Carbon Emission Methodology for Carbon Credit Project b) Carbon Footprint Report and Carbon Reduction Report for the trial period	T + 18	2027-02-28
3	Documentations and Technical Transfer	T + 18	2027-02-28