ICR and Carbonmark Announce Integration for Carbon Credit Trading

The International Carbon Registry (ICR) and Carbonmark have announced their technology integration, marking a significant advancement in the carbon trading landscape. This collaboration aims to enhance accessibility, transparency, and efficiency in carbon markets by enabling real-time transactions and retirements of carbon credits. Projects are already listed and ready for retirement.

Alondra Silva Munoz
Chief Marketing Officer
Published: 2:17 PM 7 Aug 2024

Enhancing Carbon Markets with Blockchain Technology

By leveraging Carbonmark's innovative blockchain technology and ICR's infrastructure, this integration facilitates direct, immediate transactions essential for scaling carbon markets to meet the ambitious targets set by the Paris Agreement. Carbonmark will be listing ICR's registered projects on their platform, providing enhanced visibility and accessibility to these projects to be traded on their marketplace platform.

“This partnership aligns with our mission to enhance transparency and traceability of carbon credits. By streamlining the trading process, we aim to make carbon credits more accessible for all stakeholders in the supply chain,” said Oli Torfason, COO of ICR.

Streamlined Access and Robust Trading Environment

Carbonmark, known for its automated carbon retirement API and marketplace platform, offers instantaneous, transparent transactions, and through the integration with ICR, will allow buyers on its platform to seamlessly access projects on CarbonRegistry.com. This integration is expected to enhance market dynamics and foster a more robust trading environment.

"We’re excited to integrate with an innovative carbon registry like ICR that is spearheading the use of novel technology for the market's benefit. This partnership will greatly enhance the diversity of carbon projects available to our clients” - Andrew Bonneau, Director, Carbonmark DMCC.

ICR Projects Listed on Carbonmark

Carbonmark is already featuring ICR-certified projects, such as:

  • Ovid Wind Farm Project - ICR-112 - This project is a renewable type of wind power plant, located in Odesa in Ukraine. The purpose of the project is to provide renewable electricity to the Ukraine grid through harnessing wind energy.

  • AgroEcology Italy - ICR-48 - a project dedicated to reducing greenhouse gasses emissions, empowering Italian farmers through the adoption of regenerative agricultural practices, including tree planting and agroforestry.

 
These projects are now available for sale on Carbonmark marketplace, anticipated to generate substantial carbon sequestration benefits. They will contribute to local community development and support global climate objectives. Additional ICR-certified projects are expected to be listed shortly.

About International Carbon Registry
Founded in 2020 and headquartered in Iceland, the International Carbon Registry (ICR) is a global leader in carbon registration and management solutions. As a pioneer in integrating public blockchain technology, ICR provides a streamlined platform that accelerates the journey of carbon projects from design to delivery via API integrations. Complying with globally recognized ISO standards, ICR simplifies the process of registering and issuing carbon credits (ICCs).

ICR’s team of experts is passionate about creating real, measurable impact and helping our clients achieve their sustainability goal, while advancing its mission of leading the way to a sustainable future, while being at the heart of climate innovation.

For more information, visit ICR’s website or follow ICR on LinkedIn.

About Carbonmark
Carbonmark leverages advanced digital infrastructure to provide secure, auditable, and interoperable products & services for facilitating the trade and usage of environmental commodities.The platform supports automated carbon procurement via API, providing access to over 20 million verified carbon credits. It aims to enhance transparency, speed, and availability in the carbon trading process by leveraging blockchain technology.

Carbonmark's mission is to build the largest, most accessible carbon marketplace, providing the digital infrastructure the Voluntary Carbon Market needs to fulfill its role in helping the world achieve net-zero carbon emissions over the coming decades.

For more information, visit Carbonmark’s website or follow Carbonmark on Linkedin and Twitter.

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Published: 2:17 PM 7 Aug 2024