In a groundbreaking move, Puro.earth, the leading platform for engineered carbon dioxide removals (CDR), has teamed up with Xpansiv, a global market infrastructure for data-driven environmental commodities. This collaboration marks a significant milestone in boosting the carbon removal credit market.
Bottom view of two maple trees.
Puro.earth's CO2 Removal Certificates (CORCs) will now be listed for trading on Xpansiv's spot marketplace CBL, which is the largest exchange for trading voluntary carbon credits, renewable energy certificates (REC), and other environmental commodities. Xpansiv's CBL provides a centralised and transparent spot exchange platform for hundreds of market participants in energy, power, and environmental markets, and they are enthusiastic about including carbon removal credits in their portfolios.
Puro.earth focuses on creating reliable methodologies for engineered CDR, involving more than 110 suppliers with 600 firms in the certification process. Engineered CDR, also known as negative emissions technologies, actively remove carbon dioxide from the atmosphere, providing a vital tool for climate action.
Puro.earth's strong and diverse supplier base offers quality CDR credits to buyers, serving major corporations like Shopify and Microsoft. The company launched the Puro Registry, a public registry dedicated to CORCs, last year.
Read more: The rising demand for nature-based credits
According to Antti Vihavainen, CEO of Puro.earth, scaling up the carbon removal credit market is crucial for the private sector's net-zero initiatives. By partnering with Xpansiv, they aim to enhance transparent price discovery and liquidity formation, boosting confidence in carbon removal efforts.
Read more: Xpansiv's annual carbon market review 2022: key takeaways
The partnership between Puro.earth and Xpansiv contributes to a more sustainable and confident engagement with carbon removal efforts and credits, especially in hard-to-abate sectors like steel and cement. By supporting innovative solutions and fostering a thriving carbon removal market, this collaboration takes us a step closer to a greener future.
DGB Group, having established itself as a pioneering force in the carbon project development and ecosystem restoration landscape, harnesses the power of nature and the carbon markets to offer all our stakeholders transparent and traceable results. We effectively develop, implement and manage high-quality nature-based projects that are validated according to leading industry standards. DGB’s use of advanced technology drives global efforts towards achieving the crucial goal of net-zero emissions.
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