Enhanced Accountability: Highest level of transparency required to establish accountability across the value chain, allowing participants to track the entire lifecycle of carbon credits. This foundation is essential to build trust by ensuring that credits are generated, verified, and retired according to rigorous standards and that they genuinely represent emissions reductions.
Real-time Data: Participant access to real-time data on credit prices, availability, and historical transactions, enabling informed decision-making. The insights will help buyers and sellers in understanding the market dynamics.
Accessibility and Incentivisation
Accessibility and Incentivisation
Accessibility and Incentivisation
Lower Entry Barriers: The digital nature of the market and virtual credits would reduce entry barriers, enabling a broader range of participants, from small businesses to individuals, to engage in carbon trading at thresholds which are aligned with their objectives. This democratization fosters increased market liquidity and participation.
Incentivising emissions reduction: Increased market participation due to lower entry barriers will lead to higher demand for quality credits which would drive credit prices higher. Sustainable pricing will result in stronger financial incentives for projects to innovate in CDR technologies
Efficiency and Diversification
Impact Measurement and Reporting
Impact Measurement and Reporting
Advanced Technology: Leveraging digital technologies like machine learning, blockchain and smart contracts to streamline transactions and reducing administrative burdens and costs. Automated processes can ensure efficient issuance, transfer, and retirement of carbon credits.
Flexibility of choice: Smart credit pooling to combine various carbon credit types, from nature-based solutions to technology projects will allow optimised credit allocation based on buyer's offset requirements and distribute finance across a broad range of CDR projects
Impact Measurement and Reporting
Impact Measurement and Reporting
Impact Measurement and Reporting
Robust Verification: Enforcing rigorous verification and monitoring mechanisms to ensure the quality and authenticity of carbon credits, with auditing enabled by machine learning to analyse emission reduction effectiveness . This assurance is crucial for for verifiable impact and continuously managing risks of fake credits.
Quantifiable Impact: Participants will be able to access AI based tools and advanced analytics from the platform to measure the impact of their carbon credit purchases throughout its lifecycle . The Climact protocol will monitor risks from reduction efforts and drive actions required to mitigate. This will enable organizations to accurately report for compliance.
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