High quality carbon credits are essential for the Voluntary Carbon Market
We at Callirius are convinced that ensuring high-quality carbon credits and carbon projects is of utmost importance. At the moment, many projects are of questionable quality and the projects often don’t deliver what they promise. They pose potential reputational risks for companies that counterbalance their unabated emissions and financial risks for investors that acquire carbon credits.
This situation not only damages companies’ development but also damages our planet since it deters companies and investors from supporting carbon removal projects. Also, it is a welcome excuse for those companies that are unwilling to spend money on climate solutions not to do so.
To overcome this counterproductive situation, we have made it our mission to establish a platform for high-quality carbon credits. A platform that customers can trust. Apart from mere carbon removal, we also focus on the various co-benefits, summarized under the Sustainable Development Goals (SDGs). To further establish trust, Callirius only operates in countries with appropriate political circumstances, where projects are traceable and monitorable.
How do we ensure the high quality of our credits while remaining competitive enough to guarantee fair prices?
The answer is “Artificial intelligence” (AI) and our proprietary quality engine FACTS.
In the first step, we gather as much information on existing projects as possible. This includes data from the registries, project documents, but also other information sources, such as satellite data or press reports. We use – where needed – machine learning to gather this data and process it in a structured way. All of this data will later be used by the AI to judge whether a project is high-quality or not.