More

    Warning: Illegal string offset 'sidebar' in /home/customer/www/stocks.com.au/public_html/wp-content/themes/mining/functions.php on line 498

    Warning: Illegal string offset 'home' in /home/customer/www/stocks.com.au/public_html/wp-content/themes/mining/functions.php on line 498

    Warning: Illegal string offset 'home' in /home/customer/www/stocks.com.au/public_html/wp-content/themes/mining/functions.php on line 500

    Warning: Illegal string offset 'home' in /home/customer/www/stocks.com.au/public_html/wp-content/themes/mining/functions.php on line 504

    Warning: Illegal string offset 'sidebar' in /home/customer/www/stocks.com.au/public_html/wp-content/themes/mining/functions.php on line 516

    Warning: Illegal string offset 'home' in /home/customer/www/stocks.com.au/public_html/wp-content/themes/mining/functions.php on line 516

    Warning: Illegal string offset 'home' in /home/customer/www/stocks.com.au/public_html/wp-content/themes/mining/functions.php on line 518

    Nasdaq and Puro.earth sign carbon removal partnership agreement

    Nasdaq (Nasdaq:NDAQ) has secured a new technology partnership with engineered carbon removal company Puro.earth as it the launches a pioneering new technology.

    Nasdaq reports the new technology will be provided to market infrastructures, registry platforms, and other service providers globally to support the redevelopment and institutionalisation of global carbon markets.

    The technology allows market operators and registries to create standardised digital credits and distribute them with full auditability throughout the transaction lifecycle.

    Meanwhile, Nasdaq has also developed a carbon taxonomy framework that can incorporate new types of credit as the market evolves in conjunction with a comprehensive set of application programming interfaces (APIs).

    It is hoped this will establish a standardised, trusted ecosystem capable of attracting ‘high-quality’ liquidity from a variety of investors.

    Nasdaq Executive Vice President and Head of Marketplace Technology Roland Chai says the technology has been designed at a time in which a lack of system flexibility and connectivity has made it challenging for critical infrastructure providers to access the market.

    “Bringing institutional-grade technology to underpin the market will drive ever-greater liquidity across carbon marketplaces and open the possibility of greater interoperability between registries in the future.”

    Bringing institutional-grade technology to underpin the market will drive ever-greater liquidity across carbon marketplaces”

    Puro.earth Chief Executive Officer (CEO) Antti Vihavainen says the technology provided by Nasdaq will in turn modernise the company’s Puro Registry.

    “The system will become available for carbon marketplaces and exchanges through the Puro Connect API and will also have the preparedness for labelling CORCs compliant with Article 6 of the Paris Agreement.”

    Puro.earth is a standards and registry platform for engineered carbon removal that tracks the issuance, retirement, and transfer of assets, providing full traceability and transparency to avoid double-counting carbon removal projects.

    Write to Adam Drought at Mining.com.au

    Images: Puro.earth
    Adam Drought
    Adam Drought
    Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.