Types of Carbon Credits available
(Credit: definition from website of  carbon credit capital):

1) Voluntary Emissions Reductions (VERs): Carbon Credits Created by reducing emissions in a voluntary program through scientifically verified projects.

2) Certified Emissions Reductions (CERs): “Allowances” created under a mandatory, or regulatory framework, sometimes tied to verified projects, sometimes not.

3) European Union Allowances (EUAs): Not produced by verified offset projects. Given to companies regulated by the European Union’s “cap-and-trade” emissions reduction program.

IHS Markit Global Carbon Index (USD)

About the index

“Benchmarking and liquid tradeable index for tracking carbon credits globally. Our Global Carbon Index is the first benchmarking and liquid investable index to track carbon credits markets globally.  The IHS Markit Global Carbon Index tracks the most liquid segment of the tradable carbon credit futures markets. Constituents of the Global Carbon Index include futures contracts on European Union Allowances (EUA), California Carbon Allowances (CCA) and the Regional Greenhouse Gas Initiative (RGGI), with pricing data from OPIS by IHS Markit Pricing (North American Pricing) and ICE Futures Pricing (European Pricing).”

Task force on scaling voluntary carbon markets 

“As an increasing number of companies commit to reducing emissions, and investors demand clear, credible transition plans, a well-functioning voluntary carbon market will be critical to reaching net zero and net negative goals. To meet this growing demand the current market will need to scale at least 15x, and potentially 160x. About the Taskforce

The Taskforce on Scaling Voluntary Carbon Markets, launched by Mark Carney, UN Special Envoy for Climate Action and Finance Advisor to UK Prime Minister Boris Johnson for COP26, is chaired by Bill Winters, Group Chief Executive, Standard Chartered and sponsored by the Institute of International Finance (IIF) under the leadership of IIF President and CEO, Tim Adams. Annette Nazareth, a partner at Davis Polk and former Commissioner of the U.S. Securities and Exchange Commission, will serve as Operating Lead for the Taskforce, and McKinsey & Company will provide knowledge and advisory support.

The Taskforce itself is comprised of more than 40 leaders from six continents with backgrounds across the carbon market value chain. Participants bring expertise from the financial sector, market infrastructure providers, and buyers and suppliers of carbon offsets.”

The Oxford Offsetting Principles   September 2020

“….Voluntary carbon offsetting—payment to receive credit for a certified unit of emission reduction or removal carried out by another actor. Expand: Current best practice

Current best practice helps to reduce some of the well-known risks associated with existing offsets (e.g. improper carbon accounting, re-release of stored carbon, negative unintended impacts on humans or ecosystems, etc.), but is unlikely to deliver the types of offsetting needed to ultimately reach net zero emissions.”

The Oxford Principles for Net Zero Aligned Carbon Offsetting outline how offsetting needs to be approached to ensure it helps achieve a net zero society.

News article: 2020-09-29 Oxford launches new principles for credible carbon offsetting

International Carbon Reduction and Offset Alliance

“The International Carbon Reduction and Offset Alliance (ICROA) is a non-profit organisation made up of the leading carbon reduction and offset providers in the voluntary carbon market.”  ICROA advocates for the use of offsetting and carbon finance to mitigate climate change. Members include leading companies in the voluntary carbon market, and seeks to provide a unified voice on policy and market discussions.

ICROA Code of Best Practice For Carbon Management Services – Technical Specification (pdf)

CarbonCreditCapital  Headquarters: New York, USA

CCC “…offers world-class solutions for businesses to cost-effectively reduce both emissions from operations, and products or services. We also have simple, easy to understand ways for individuals to take climate action and reduce greenhouse gases.”

Credits offered to both individuals and businesses. Carbon neutral products and services include: customized carbon footprint calculations, bulk and wholesale transactions, and project development.

Puro.Earth  Headquarters: Finland. Established 2019.

“CO2 Removal Certificates (CORCs) are based on 3 science-based quantification methodologies that remove CO2 at an industrial scale.”

“Our platform brings together suppliers of carbon net-negative technologies and climate conscious companies. We issue verified CO2 Removal Certificates (CORCs), a new kind of carbon offset based on the carbon removed from the atmosphere for the long term in carbon net-negative products. A carbon net-negative product absorbs more CO2 than it emits in its manufacturing, with the net effect of removing carbon from the atmosphere.”

CarbonFuture.Earth  Headquarters, Germany. Established 2020.

“We finance sinks based on biochar that is EBC-certified. We will expand to other nature-based sink types.” (Jan 2021)

Carbon TradeXchange   Headquarters: Australia. Established 2009.

“the World’s first electronic Exchange for trading voluntary carbon credits (or offsets). Carbon Trade Exchange simplifies the process of Buying and Selling carbon offsets by providing the only liquid, transparent, secure marketplace in the voluntary carbon market. Carbon Trade Exchange always offers the lowest transaction fees in the carbon market.” (Jan 2020)

South Pole  Headquarters: Switzerland

Has a large portfolio of climate related offers to clients, including carbon credits. 

Are there other Carbon Trading organisations we should add? 

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Thank you,

Steve and Jerry