Puro.earth, a Finnish startup offering a B2B carbon trading marketplace, entered into a strategic partnership with Climate Impact X (CIX), a Singaporean marketplace for nature-based carbon credits.
<ul><li>The partnership integrates Puro.earth’s technology-based carbon credits with CIX’s nature-based removal credits to develop a single solution and portfolio diversity to map the Oxford Offsetting Principles .</ul>
The two companies will align the demand and supply imbalances in the voluntary carbon market. This allows businesses and financial institutions to gain access to new carbon credit types that remove CO2 emissions from the atmosphere.
<ul><li> Analyst QuickTake: Puro.earth has previously partnered with Nasdaq to launch carbon removal indexes. This involved the launch of three new commodity reference price indexes. The three indexes include CORC Carbon Removal Price Index (CORCX), CORC Biochar Price Index (CORCCHAR), and the CORC Bio-based Construction Materials Price Index (CORCWOOD). This provides customers with transparency to undertake investment and financing decisions.</ul>
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