A technological infrastructure built for speed of transaction and impact at scale
How the CarbonClear model works
Through the creation and connection of digital tools, APIs, and applications, CarbonClear has built a technological infrastructure positioned on interoperability, transparency, and accountability that solve the core problems of the Voluntary Carbon Market today.
The proven, data-driven model was developed to completely transform the carbon market and enable fast, cost-effective and lasting sustainable impact where it is needed the most, and is already the leading carbon credit model for the solar off-grid sector.
Building speed and scaleability into the carbon market model
At the core of the CarbonClear model sits a domain-specific distributed ledger - a digital, decentralised system designed to record and track transactions in multiple locations, or nodes. The distributed ledger is designed to provide an append-only registry that is tamper-proof and at the same time incredibly fast, reliable, and able to handle massive amounts of data at a low cost.
To achieve this, CarbonClear has chosen Activeledger, an enterprise-grade Distributed Ledger Platform developed in 2015. This solution provides smooth integration between other platforms, while maintaining the original state of data within the different centralised and decentralised databases it integrates with.
The IT infrastructure solution that CarbonClear has built is malleable, adaptive, and serves as the backbone of this new model that has the potential of completely transforming the way the Voluntary Carbon Market works today.
Automating transparent and traceable carbon credits
Based on codified carbon methodologies, partnering projects are able to continuously issue credits onto our carbon registry on an automated daily basis. By integrating CarbonClear’s technology, distributors and partners gain access to the carbon market in a simple, affordable and rewarding way, generating an extra revenue stream and accessing an otherwise conditional market.
Transparency and traceability are conducted through annotated timestamping and geotagging of each issued credit and are further backed by a third-party verifier, Det Norske Veritas.
External verification by Det Norske Veritas
External verification of carbon credits in the CarbonClear model is conducted by Det Norske Veritas (DNV), a leading certification body and advisory service within the energy value chain and risk management. DNV assists businesses in assuring the performance of their organisations, products, people, facilities, and supply chains.
DNV has checked CarbonClear’s methodologies to ensure a correct and precise amount of carbon credit certificates are generated and verified the traceability of these. DNV confirms the technological platform does not allow for double counting or claiming of the carbon credits by reviewing the core algorithm and calculations.
A tech-powered carbon value chain to sustain future demand
A tech-powered carbon value chain to sustain future demand
Behind the CarbonClear model is a wish to make a great idea well executed. The carbon market was developed to speed up the energy transition and funnel strong finance from carbon emitting organisations to the innovative startups and companies that build and implement net zero solutions.
But its largely analogue structure and the heavy fees connected to manual verification and auditing has made it too slow, too expensive, and too exclusive to truly benefit the projects it was intended to fund.
With our new, data-driven model buyers and project owners are connected through a scaleable, trust-building, and transparent value chain, and entry fees are low, allowing businesses in marginalised communities to benefit from the exponentially growing carbon finance available.
Much more than a SaaS or a digital marketplace, CarbonClear is a tech-powered carbon value chain with a triple bottom line: It enables financial growth, it reduces carbon emissions, and it builds social impact through empowerment and funding in underserved and underfunded communities around the world.
