Carbonmark and EcoRegistry announced that they are integrating their services together, aiming to bring more transparency, efficiency, and simplified access to carbon credits on the market.
As a carbon markets infrastructure solution provider, Carbonmark specializes in helping data registries manage their environmental asset inventory while providing the option to incorporate those assets into third-party applications via APIs.
With this partnership, the carbon credit projects listed on EcoRegistry will now come with a comprehensive set of features, including credit lifecycle transparency, API-based automated transactions, a streamlined customer experience, and secure solutions designed to strengthen the market.
EcoRegistry’s platform boosts the process of issuing environmental assets and monitors the resulting units to prevent double counting.
Their tools facilitate secure communication between various stakeholders during the origination process, keeping all supporting proof of the issuance process. Once the credits are generated, the platform uses a distributed ledger technology (DLT)-based implementation to track them.
This collaboration will enable direct, real-time transactions seen by many as critical for scaling carbon credit markets.
On behalf of EcoRegistry, CEO Juan Duran stated, “The market needs participants willing to bring down barriers between supply and demand and generate new opportunities and markets for the project owners. Carbonmark is implementing innovative methodologies to deploy, receive feedback, and adapt to the market’s needs.”
Relevant: ICR And Carbonmark Announce Integration For Carbon Credit Trading
Carbonmark users will now be able to purchase credits from impactful global projects working on afforestation, reforestation, nature conservation, renewable energy, and methane abatement initiatives.
Forest protection project ARLEQUÍN REDD+ and Proyecto REDD+ PAZcífico Sur, both located in Columbia, will be among the first projects to be listed under this partnership.
Carbonmark Director Drew Bonneaur shared that the company is proud to integrate with someone as technologically advanced as EcoRegistry, which has been at the forefront of development in the voluntary carbon market.
He went on to add that the diverse customer base of both platforms will now be able to access projects certified with the ICROA-endorsed Cercarbono standard.
Read more: BeZero Carbon And EcoRegistry To Make Carbon Ratings Available In Emerging Markets
