2024 was a year of growth and new strategic partnerships, reaffirming our belief that climate action can be as simple and straightforward as a one-click online purchase on Amazon.
If you’ve watched the Netflix documentary “Buy Now” (which we highly recommend), you may already know that the smooth and irresistible online shopping experience has been meticulously designed based on studies of consumer behavior. We’re all familiar with the consequences: extracting more resources only to discard unwanted merchandise in landfills. But what if we used all this data and science to repair the damage we’ve caused?
At Carbonmark, we are on a mission to build a more sustainable global economy, leveraging existing market mechanisms empowered by blockchain and other advanced digital technology. This technology enables the traceability of environmental assets, fostering transparent pricing, swift settlements, and increased market confidence.
We aim to scale environmental markets and accelerate climate action by providing easy access to carbon credits and other environmental assets for any organization and conscious individual.
Carbonmark supports both single purchases of carbon credits using a bank card or transfer, as well as smooth integration of carbon offsetting into existing workflows or ESG software via our API.
Here is a summary of what we achieved in 2024.
Numbers we are proud of
Category Breakdown
Today, we have 160 listed projects in the following categories:
Project Impacts Around the World
In 2024, we supported carbon projects in 22 countries.
Carbon removed or avoided
Aggregated CO₂t offset via Carbonmark and our ecosystem.
930,470
Top contributing sectors
Breakdown of industries utilizing our marketplace.
Our Team
A Global Reach: Our diverse team spans across 6 continents, embodying a truly global presence (Antarctica is still waiting for us).
Growing Stronger: In 2024, we proudly welcomed six new members, an impressive 13% increase from the previous year.
Shared Vision: The majority of our team members have been with Carbonmark since its inception in early 2023, bringing deep expertise and commitment to our mission and further growth.
Featured API Integrations and Partnerships 2024
The International Carbon Registry (ICR) and Carbonmark have integrated their platforms to enhance accessibility, transparency, and efficiency in the carbon market by enabling real-time transactions, credit fractionalization, and automated purchases and retirements via API. This partnership combines Carbonmark's blockchain-powered marketplace with ICR’s infrastructure to streamline carbon credit trading and support diverse, certified projects such as Ukraine’s Ovid Wind Farm and Italy’s AgroEcology initiative.
Carbonmark has partnered with the GRO Foundation to facilitate the trade of ex-ante carbon credits from GRO’s afforestation projects in Uganda. This collaboration leverages Carbonmark’s blockchain-enabled platform and its integration with ICR to empower GRO in scaling its initiatives. These projects focus on restoring biodiversity, addressing social and economic challenges, and creating sustainable livelihoods for local communities through innovative climate finance solutions. Revenue from carbon credits funds essential projects in water, food, education, and jobs. GRO’s grassroots approach incentivizes communities to act as stewards for forest restoration by offering microfinance opportunities and shares in carbon sales profits. Carbonmark’s platform ensures smooth, transparent, and efficient trading of these credits, showcasing how technology and nature-based solutions can drive scalable environmental and social impact while addressing climate change and supporting Uganda’s vulnerable communities.
Carbonmark and EcoRegistry have also integrated their platforms to enhance transparency, efficiency, and accessibility in the carbon market, streamlining the entire lifecycle of carbon credits from issuance to retirement. This collaboration enables real-time transactions, inventory management, and secure tracking of carbon credits using blockchain technology, preventing double counting. Once issued, the credits are tracked using a distributed ledger technology (DLT) implementation. The Carbonmark Marketplace now lists EcoRegistry’s global projects, including afforestation, conservation, and renewable energy initiatives such as the ARLEQUÍN REDD+ project in Colombia.
XTCC has partnered with Carbonmark to democratize and scale the Voluntary Carbon Market (VCM) by creating a transparent, efficient, and accessible platform for trading high-integrity carbon credits. These credits are meticulously sourced from rigorously verified projects. Leveraging Carbonmark's blockchain-based infrastructure and integrations with registries like ICR and EcoRegistry, the collaboration streamlines processes, enables instant transactions, and provides real-time access to a diverse range of carbon credits.
Ascend Bit, a blockchain solutions provider under the Charoen Pokphand Group, has partnered with Carbonmark to integrate carbon offset features into TrueMoney Wallet, Thailand's leading fintech app with over 27 million users. This collaboration empowers users to offset their carbon footprint and achieve carbon neutrality by supporting blockchain-verified carbon credits tied to certified environmental projects worldwide, such as renewable energy in Ukraine and forestry in Peru. The initiative enhances transparency and accessibility, enabling users to incorporate climate action into their daily financial transactions.
AlliedOffsets, a leading platform for carbon market data and intelligence, has integrated the Carbonmark API to enhance transparency and deliver real-time insights into the VCM. This collaboration enriches AlliedOffsets' database of over 30,000 projects by incorporating key attributes such as pricing, vintage, registry, and methodology, enabling improved price estimation through machine learning models and deeper market trend analysis. The integration empowers companies with actionable market intelligence, allowing them to make informed decisions about carbon offsetting strategies, compare project pricing, and drive meaningful progress in their sustainability efforts while fostering greater transparency and trust in the VCM.
Spherity, a leader in digital identity management for the 4th industrial revolution, provides innovative solutions such as Digital Product Passports (DPPs), Identity Twins, Enterprise Identity Wallets, and more. With the Ecodesign for Sustainable Products Regulation (ESPR), DPPs have become essential for tracking and managing a product’s environmental impact throughout its lifecycle. By integrating Carbonmark’s API into its DPP framework, Spherity introduced carbon offsetting capabilities to its solution, automating carbon offsetting for supply chain emissions. This integration improved operational efficiency and ensured the authenticity and transparency of carbon footprint offsetting, aligning with the Ecodesign for Sustainable Products Regulation (ESPR).
Important product updates 2024
During this year, we worked hard on the functionality and UX/UI of our key products—the Marketplace for environmental assets and the API.
Marketplace:
Supply for new registries: This year, we’ve partnered with Puro.Earth, the International Carbon Registry (ICR), and EcoRegistry to list their carbon projects, expanding the variety of options available to users.
Simplified Account Creation: Getting started is easier than ever. We’ve replaced the Web3 signup process with a traditional account creation method using just your email—no need for third-party Web3 wallets.
Introduction of Carbonmark’s Wallets: A groundbreaking feature that revolutionizes how you buy, list, trade, and retire carbon credits. Powered by Circle’s Programmable Wallets, Carbonmark Wallets combine blockchain’s security and transparency with a user-friendly interface, similar to your favorite digital banking apps. No seed phrases, no network fees, no hassle.
Enhanced Marketplace Experience: We’ve added project images to visually connect you with the environmental initiatives you support. Improved filtering capabilities make it easier to find projects that align with your sustainability goals.
Expanded Credit Categories: Explore emerging and impactful areas of the carbon economy with new Agriculture and Biochar projects now available on Carbonmark.
Index Products: We’ve introduced index products from Moss.Earth (MC02) and Coorest (CC02). Those allow you to retire credits representing diverse projects, spreading your impact across multiple sectors and regions. It’s a simpler way to support a broad range of climate-positive initiatives without selecting a specific project.
Simplified Retirement: Retiring carbon credits is now more flexible than ever. Instantly retire credits using a credit card or choose a bank transfer by contacting our business development team—whatever suits your needs best.
API:
For businesses looking to automate their carbon offsetting, we now offer programmatic offsetting through our API. This feature allows seamless integration of carbon offsetting into your operations or applications, adding value to your digital platforms and users.
With the release of API v15, we’ve made several UX/UI improvements and enhanced the consistency of data across the platform. See our API v15 documentation and detailed Carbonmark REST API developer documentation.
2024 has been a pivotal chapter in Carbonmark’s journey to reshape the voluntary carbon market. We’ve made significant strides in making climate action accessible, efficient, and impactful for everyone.
From integrating new registries and advancing our API to introducing more user-friendly solutions like Carbonmark Wallets, our efforts this year have laid a strong foundation for scaling environmental markets. These milestones highlight our commitment to transparency while showcasing the immense potential of blockchain technology in driving climate action.
Looking ahead to 2025, we are optimistic about the growing interest in voluntary carbon markets and the increasing adoption of blockchain solutions.
Our vision is to build a future where giving back to the planet is as simple as any digital transaction—empowering everyone to participate in the fight against climate change. In 2025, we plan to continue revolutionizing the voluntary carbon market with more disruptive solutions and engage even more players, with a particular focus on large organizations.
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