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November 6, 2024
Bringing a durable carbon dioxide removal (CDR) project to the carbon market requires navigating a number of steps including securing financing, collecting data for certification, obtaining certification, and connecting with carbon credit buyers.
Without expert guidance, CDR suppliers can spend years getting their projects off the ground and ready for credit sales. Carbonfuture simplifies and expedites this journey, guiding suppliers from selecting carbon market standards and tracking data for certification to signaling quality to buyers and accessing the market. Carbonfuture enables suppliers to produce certified, high-quality carbon credits and connect with buyers — fast.
If you’re a CDR supplier who wants to understand how to quickly develop your project and have success with buyers, here’s a roadmap for how to access the voluntary carbon market with confidence:
Before you access a market, you need to have something to go to market with. When developing your project, you should always keep in mind the requirements of a respected standard. This is essential for any CDR project. Without it, participation in the market isn’t possible. Buyers rely on independent standards like Puro.earth and Carbon Standards International (CSI) to verify project quality and secure their investment.
Carbonfuture supports projects from the ground up, guiding them through every step needed for certification. We assess project viability to ensure it aligns with leading CDR standards, helping make your path to certification smoother and more efficient. By guiding you through the certification process, we can boost the market credibility of your project and help you access capital through a variety of mechanisms.
“Equity was our biggest challenge, and building an advance purchase agreement with Carbonfuture was vital for allowing us to access the funding we needed to complete the North Fork Community Power Plant.” – Loni Austin, VP of Product, Phoenix Energy
Connecting with buyers in the CDR market can be competitive, especially as many well-known buyers already have multiple suppliers vying for attention. To reach the right buyers, it’s essential to showcase your project to a more expansive network of buyers and identify new potential partners who align with your project’s unique narrative, such as regional or community benefits.
With Carbonfuture’s extensive buyer network and market expertise, we can help expand your reach, connecting you to a broad range of new buyers. By building relationships with forward-thinking companies across industries, we ensure a steady demand for your high-quality carbon removal credits.
“Our initial credit sales started slowly, but after we brought in Carbonfuture, they started bringing in an impressive client portfolio. That’s when everything else started pouring in.” - Francesco Guglielmi, Chief Marketing and Sales Officer, Exomad Green
Trust and transparency are essential in the voluntary carbon market. Buyers prioritize high-quality projects that minimize reputational and financial risks. Rigorous digital Monitoring, Reporting, and Verification (MRV) provides essential transparency on credit quality, helping your project stand out in a competitive market.
Carbonfuture MRV+ offers rigorous end-to-end tracking from carbon capture to credit issuance, collecting and providing data for independent third-party verification and certification. Using the Carbonfuture API, this digital process reduces suppliers' workload, minimizes errors, and accelerates credit issuance - enabling faster market access for suppliers and providing buyers with high-quality credits.
“[Streamlined data reporting] is one of the most important aspects of the Carbonfuture MRV+ system. We’re able to quickly provide any information if and when it’s required, without having to think about whether we’ve been tracking the right data.” - Thomas Harcourt, Circular Economy Developer, Soler Group
The CDR industry is changing fast - new requirements, evolving standards, market dynamics, and more. Staying up to date is key to being on the cutting edge of market developments and sales.
As the leading marketplace for durable carbon removals, Carbonfuture can provide real-time data on buyer preferences and emerging trends. Our supplier support team can also help align your project with evolving industry standards, and our CDR experts keep up to date with the latest science and policy, so you don’t have to.
“Getting a project operational is challenging enough, but keeping up to date on everything happening in the industry is a full-time job in itself. Carbonfuture’s team of CDR experts gives me the peace of mind that I’m not going to miss a major development that could potentially affect my business.” – Richard Paterson, Founder, Biomass Projects Pty Ltd.