Carbon-crediting platform Puro.earth announced the launch of Puro Issuance Plus, a new service aimed at helping scaled suppliers bring verified carbon removals to market more frequently through the issuance of CO₂ Removal Certificates (CORCs).
Founded in 2018, Puro.earth provides a platform bringing together suppliers of carbon net-negative technologies and companies looking to reduce or counter their carbon footprints. Through Puro.earth’s platform, and based on its carbon credit methodologies, suppliers that remove CO₂ from the atmosphere to durable storage of at least 100 years are certified and issued CO₂ CORCs into the Puro Registry, which can then be purchased by companies. Nasdaq acquired a majority stake in Puro.earth in 2021.
According to Puro.earth, the new service is designed to reduce the time between production and credit availability, by enabling more frequent, batch-based issuance cycles when suppliers need them, helping suppliers to accelerate the conversion of carbon removed into revenue
Puro Issuance Plus is available to suppliers that meet defined eligibility criteria, including, industrial-scale production, with a minimum issuance threshold of 1,000 CORCs per audit; consistent operational and audit performance, and; full compliance with Puro.earth’s quality, verification and data requirements.
Jan-Willem Bode, President of Puro.earth, said:
“Predictability and timing matter just as much as volume in a maturing market. Puro Issuance Plus is about aligning issuance more closely with how mature suppliers actually operate – shortening the path from production to issued CORCs, and ultimately to revenue.
