ICR and Carbonmark Announce Integration for Carbon Credit Trading
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ICR and Carbonmark Announce Integration for Carbon Credit Trading

August 9, 2024

The International Carbon Registry (ICR) and Carbonmark have announced their technology integration which enables the full feature set being worked on for the past year, including credit fractionalization, automated purchase and retirements via API, and core marketplace functionality. 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.

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 - 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.

For media inquiries, contact:

Alondra Silva Munoz

Chief Marketing Officer at ICR

alondra@carbonregistry.com

Daria Frangopoulos

Marketing Manager at Carbonmark

daria@carbonmark.com

Disclaimer:

Carbonmark (“Carbonmark”), its digital-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this blog post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This blog post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Carbonmark and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Carbonmark expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Carbonmark reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this blog post supersedes any prior blog post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither Carbonmark nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this blog post by you or any of your representatives or for omissions from the information in this blog post. Additionally, Carbonmark undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this blog post.