Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the energy industry. This time, you get to discover 5 hand-picked carbon trading startups.
Global Startup Heat Map highlights 5 Top Carbon Trading Startups out of 147
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 147 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 carbon trading startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 142 carbon trading solutions, get in touch.
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Carbonex develops a Carbon Exchange Platform
Carbon credits allow companies to balance their greenhouse gas (GHG) emissions with carbon offsetting projects anywhere in the world. However, there is a lack of standardized methods to validate the authenticity of carbon credits. Owing to the security, immutability, and traceability of blockchain technology, startups are leveraging it to bring these features to carbon credits.
British startup Carbonex develops a global carbon exchange platform. It converts carbon credits into a CBN coin that companies can trade like traditional currency. The startup also plans to embed carbon credit tokens in smart contracts. The startup’s solution allows companies to tackle the threat of global climate change.
ClimateTrade enables Carbon Emissions Offsetting
Companies look to offset their carbon emissions by investing in projects aimed at emissions reduction, carbon capture, or preventing further carbon emissions. However, it is often a challenging task to find trustworthy projects. Moreover, companies need to calculate their carbon footprint to figure out their offsetting needs. This is why energy startups offer solutions that make carbon emissions offsetting easier.
ClimateTrade is a Spanish startup that helps companies meet carbon emissions offsetting goals. It connects developers of mitigation projects with companies interested in sustainability. The platform features diverse projects and offers full automation, speed, and traceability. In addition to carbon emissions offsetting, the startup offers carbon footprint calculation and enables companies to offer carbon-neutral products or services to their customers.
Pathzero builds Carbon Management Platform
While large companies contribute to the majority of carbon emissions, the emissions from small and medium companies also add up to have a significant impact. This is why they are also looking to trade carbon credits. This allows companies to immediately become carbon-neutral or even carbon-negative, a status that may enhance brand reputation and provide tax reliefs.
Australian startup Pathzero builds a carbon management platform for small and medium-sized businesses. The startup’s carbon marketplace provides access to high-quality projects to companies to offset their residual emissions. It also offers a calculator to identify the number of carbon offset credits a company needs to reach net zero. The startup’s solution also meets global certification and reporting standards.
AirCarbon offers Blockchain-based Carbon Trading
Current carbon trading mechanisms rely on government authorities and centralized emissions trading systems (ETS). However, this restricts offsetting projects to certain geographies as many countries lack ETS. By using blockchain, startups convert carbon credits into tradable carbon asset classes. This enables the use of exchange architecture typical to traditional commodities like corn or crude oil while enabling decentralization.
Singaporean startup AirCarbon develops a blockchain-based carbon trading platform. Each AirCarbon CORSIA Eligible Token (CET) is backed by 1 tonne of equivalent carbon dioxide. The startup’s token is eligible under the Carbon Offset and Reduction Scheme for International Aviation (CORSIA). It also offers a token for carbon credits related to wetlands, grassland forestry, and agriculture.
Carbon Block provides Environmental Auditing
To measure the carbon footprint and the true value of any carbon credit, it is essential to quantify the carbon involved in any activity. Moreover, carbon trading also suffers from double-spending, wherein the same credit is claimed by different entities. This is why startups offer environmental auditing solutions that verify and quantify any carbon offsets. This allows companies to precisely calculate the actions they need to achieve carbon neutrality.
Carbon Block is a Canadian startup offering environmental auditing solutions to promote decarbonization. Carbon Oracle sensor gathers real-world data and converts it into carbon offsets. It automatically validates measurements, thus, eliminating the need for intensive manual inputs. After quantifying the emissions reductions as a blockchain token, the startup facilitates its sale to corporate buyers.
Discover more Energy startups
The 147 carbon trading startups, such as the 5 examples highlighted in this report, focus on emissions management, transfer, auditing as well as offsetting. While all of these technologies play a major role in advancing carbon trading, they only represent the tip of the iceberg. To explore more carbon redcution technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Energy Innovation Report to save your time and improve strategic decision-making.
