TransparenTerra and FCE Group have partnered with the BioCarbon Registry, an international Standard that registers and certifies projects that aim to address climate change aligned with sustainable goals and biodiversity protection.
Carbon projects need affordable funding for fire suppression, disease, and pest control, new plant varieties and breeds, forestry and agricultural technologies, machinery, and more. Offset projects are serious business that requires expertise, attention, and investment. The joint work of TransparenTerra
and BioCarbon Registry (BCR)
makes these projects visible and valuable.
Key projects that provide mechanisms to control greenhouse gas emissions come together to work as efficiently as possible. The BCR Standard provides quality certification for project´s Verified Carbon Credits (VCCs), while TransparenTerra and FCE provide the blockchain verification and information security for certification while making it accessible to smaller companies.
Offset projects must meet international criteria. The BCR program has developed carbon and biodiversity standards for certifying and registering carbon projects. This approach ensures that the climate impact of projects is regularly verified, and projects are assessed against a set of criteria and then regularly reviewed.
TransparenTerra automates and scales the offset project registration and tracking mechanism in this partnership. Typically, the assessment, registration, receipt, and sale of credits are time-consuming processes that large projects, in particular, can afford. But small green businesses, farmers, forest belt owners, and others should also have full access to the carbon marketplace.
TransparenTerra creates a mechanism that makes it easier and cheaper to obtain carbon credits without additional paperwork. If a company meets specific criteria, it can apply directly to TransparenTerra. The application is reviewed, evaluated, assessed, and registered - and companies can issue tradeable offset credits on the global offset marketplace.
The TransparenTerra platform creates a more affordable carbon marketplace through new technologies and brings all stakeholders together. TransparenTerra experts will assess projects, BCR will certify and issue the Credits (VCC), and the CTX Carbon Exchange will be the platform for exchanging credits. This way, a farmer worldwide will have direct access to the global carbon marketplace. In addition, this entire marketplace on TransparenTerra will be supported by voluntary blockchain records of the receipt, purchase, and sale of allowances, which will allow us to trace the origin of each carbon credit and eliminate resales and other errors.
Speaking of scaling, even small farms can make a profit from their efforts to address climate change. TransparenTerra proposes to assess not only individual farmers but also cooperatives. The cooperative would be evaluated as a separate project, and the credits will be shareable with all cooperative members. The cost of the assessment would then be affordable to small farmers, forest owners, and other minor green businesses.
FCE GROUP's CEO Gregory Arzumanian sees this collaboration as the beginning of a new era for carbon markets, "An affordable and transparent carbon market isn't only a step forward, but a necessity that humanity needs to survive. Only by joining forces with everyone - including small businesses we can achieve the goals of the Paris Agreement and avoid further climate shocks," says Gregory.