Climact protocol is the core engine with programmed guidelines to drive pricing mechanisms, streamline project funding and contract management throughout a project's lifecycle to ensure carbon di-oxide removal (CDR) outcomes are achieved.
The protocol will enforce the rules to finance the listed projects and retire equivalent offsets throughout the agreed ‘reduction realization’ lifecycle, based on the agreed contract between parties (seller and the buyer).
With time, the protocol will address credit quality and demand challenges which currently exist due to fragmentation, lack of transparency, project outcome tracking and low carbon prices (within voluntary markets).