Puro.earth, the world’s first and leading carbon crediting platform for engineered carbon removal, and Xpansiv, the principal market infrastructure provider for the global energy transition, today announced that Puro.earth CO2 Removal Certificates (CORCs) will be listed for trading on Xpansiv spot marketplace CBL, the largest spot exchange for trading voluntary carbon credits, renewable energy certificates (REC), and other environmental commodities.
Bringing these two platforms together is a significant development in scaling the carbon removals market. Puro.earth’s robust, diverse supplier base offers buyers a rich source of quality removal credits. Xpansiv’s marketplace brings together hundreds of global participants to transact on a centralized, fully transparent exchange platform and post-trade infrastructure.
“Our partnership with Xpansiv marks an important step to scale the market for high-quality carbon removal credits, which are essential in private sector, net-zero programs,” said Antti Vihavainen, CEO, Puro.earth. “Puro’s guiding principle has been to establish the least disputable methodologies for carbon removal, which has led to relatively small volumes of available credits for the first years. Now that several new projects are orders of magnitude larger than previously, CBL’s central position in the carbon markets will be critical in enhancing transparent price discovery and liquidity formation, enabling participants to engage with greater certainty and confidence.”
The Puro.earth ecosystem of carbon removers consists of 116 suppliers of negative emissions and another 600 companies in the supplier funnel preparing to get certified.
“We welcome Puro.earth as a valued partner bringing to market innovative carbon removal projects,” said John Melby, CEO, Xpansiv. “Our exchange participants are keen to incorporate removals into their credit portfolios and look forward to trading and managing them through our platform.”
The partnership will enable hundreds of active CBL participants to trade CORCs alongside a broad range of environmental commodities used to finance the global energy transition. In addition to being listed on CBL, CORC transactions will be settled via the exchange’s post-trade service.
Source: Puro.earth
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