Voluntary carbon market is currently undergoing a trust problem. Isometric is a new player in the segment. It is working to change that. It is a relatively young carbon registry and aims to restore faith in the market with its monitoring, reporting and verification (MRV) services offering for innovative carbon removal methods like direct air capture and enhanced rock weathering. Traditional carbon credit registries often charge a per-credit fee and this can create conflicts of interest. Isometric uses a flat-fee payment model that is integrated into carbon removal contracts.
The commitment of Isometric to transparency sets it apart. Founder Eamon Jubbawy has a history of building trusted technology companies and Isometric openly publishes all data related to the projects that it monitors to ensure that everything is independently audited. Level of scrutiny is important in an industry where the credibility of carbon credits can make or break corporate climate strategies. Companies like JPMorgan Chase, Shopify and Stripe are already utilizing its services to ensure the credits that they are purchasing are genuine as well as impactful.
More and more companies are committing to net-zero emissions and the need for reliable carbon credits are growing. It is estimated thatat least 6 billion metric tons of carbon removal will be required annually to meet global climate goals by 2050. However, the actual purchase volumes were just a fraction of that in 2023. Hence, it highlights the significant gap between current efforts and future needs. The challenge lies in scaling up the innovative carbon removal methods as well as in ensuring the credits generated are credible as well as verifiable. Hence, Isometric is playing a vital role in addressing the challenges and building a more trustworthy market for the future by providing a more reliable as well as transparent system for carbon credit verification.
