Russia does collect significant money from carbon credits.

This would not be all that great for verification in the west where we can easily just sit outside a factory with actual instruments. Its design is more for wider biosphere monitoring as sinks and sources are a huge huge variable in climate predictions. In terms of gross national emissions we can kind of work out out for measuring "air masses" and existing monitoring facilities.

I am really not sure anyone is burning enough coal or making enough cement to be climate relevant and not being obvious to anyone who cares.

I am not really all that blow away by the tone of the article. The biosphere is where most of the big research from this will be done.