XTCC Partners with Carbonmark to Democratise and Scale Carbon Credit Market
September 12 2024 - 2:00AM
XTCC, a firm specialising in creating tradable financial
instruments tied to high-integrity carbon credits announces a
strategic partnership with Carbonmark, a global climate platform
for buying, selling and retiring carbon credits.
This industry collaboration aims to transform the integrity and
efficiency of the Voluntary Carbon Market (VCM), making carbon
credits more transparent, accessible and scalable for a broad and
deep range of participants, including corporates, carbon brokers,
commodity traders and individuals.
The collaboration will establish a framework for scaling the
carbon credit market through listing and trading carbon credits,
certified under various international standards, on Carbonmark's
blockchain-based platform. With the mission to increase the
interoperability of the core carbon market and create opportunities
to automate key market processes, Carbonmark’s platform offers
digital solutions for transparent, up-front pricing, real-time
supply availability, and instant transaction settlement with
unparalleled data insights.
"Partnering with Carbonmark aligns with our mission to improve
the quality and commercial value of carbon credits,” said Seth
Elliott, CEO, XTCC. "Carbonmark's platform provides the ideal
infrastructure for expanding carbon market access to more
organisations, trading firms and individuals. Together, we aim to
create a more inclusive and transparent marketplace that empowers
organisations and individuals to contribute more effectively to the
fight against climate change."
Drew Bonneau, Director of Carbonmark, said, “We look
forward to working together with XTCC to drive financing to high
impact carbon projects globally. Recent integrations with
EcoRegistry, ICR and PuroEarth provide a strong foundation for XTCC
clients to build diverse carbon portfolios, with access to blue
carbon, renewable energy, biochar and novel carbon removal
technologies through Carbonmark’s platform. Our partnership will
further accelerate momentum in the market and drive critical
financing to high impact carbon mitigation and removal
projects.”
Carbonmark will support XTCC in listing carbon credits from
various registries, including ICR and EcoRegistry, on its platform.
The collaboration will also focus on offering comprehensive carbon
offsetting solutions and integrating sustainability directly into
business operations through Carbonmark’s API.
Contact
XTCCTina KaneThe Realization Group |
tina.kane@therealizationgroup.com
Seth Elliott, CEOXTCC | seth@xtcc.investments
CarbonmarkDrew Bonneau, Director |
drew@carbonmark.com
About CarbonmarkCarbonmark leverages advanced digital
infrastructure to provide secure, auditable, and interoperable
products and services to facilitate the trade and usage of
environmental assets. The platform supports automated carbon
procurement via API, providing access to over 20 million verified
carbon credits. By leveraging blockchain technology, Carbonmark
aims to enhance transparency, speed, and availability in carbon
trading.
Carbonmark's mission is to build the largest, most accessible
carbon marketplace, providing the digital infrastructure the
Voluntary Carbon Market needs to fulfil its role in helping the
world achieve net-zero carbon emissions over the coming
decades.
For more information, visit Carbonmark.com or follow @Carbonmark
on LinkedIn and X.
About XTCCXTCC is a leader in financial and carbon
markets, dedicated to growing and commercialising high integrity
carbon credits. Investment is essential to bridge the
multi-trillion-dollar gap in climate finance. XTCC has created
financial instruments that, for the first time, establish fair
market value as a reference for high-integrity carbon credits and
provide capital markets with an ecosystem of financial instruments
that enables liquidity to flow to the communities where it is most
needed.
XTCC’s investment ecosystem for high-integrity carbon credits
sourced from verified, audited projects includes renewable energy,
nature-based and blue carbon sustainability solutions. The company
also collaborates with other organisations globally to create
innovative solutions that reduce carbon footprints and achieve
sustainability goals.
Find out more here https://xtcc.investments/
XTCC
Tina Kane
The Realization Group | tina.kane@therealizationgroup.com
Seth Elliott, CEO
XTCC | seth@xtcc.investments
Carbonmark
Drew Bonneau, Director | drew@carbonmark.com