Covalent

We are thrilled to unveil the revised version of Covalent Certification Standard, enhanced based on ICROA requirements, for public consultation today! We invite scientists, carbon removal project developers, VVBs, and others to provide feedback and support the effectiveness and accountability of permanent carbon removal worldwide. It’s wonderful timing as the 🇪🇺 just announced the provisional agreement on a certification scheme for carbon removals highlighting the importance of permanent carbon removal, aligning closely with our Standard. Links to our public consultation tool and announcement are in the comments below. #CarbonRemoval #Certification #ICROA #PublicConsultation

We're excited to welcome Covalent, a groundbreaking financing platform for permanent carbon dioxide removal projects, to the Negative Emissions Platform community! Covalent is revolutionizing the landscape of carbon removal by developing a Certification Standard under the advisory of Arizona State University’s Center for Negative Carbon Emissions. Coupled with a blockchain-based registry, Covalent enables advance payments for projected carbon removals at scale. What sets Covalent apart is their commitment to legitimacy and trust. Their Certification Standard, independently validated, ensures that carbon removal projects achieve at least 1,000 years of permanence with less than 0.1% annual leakage. But the journey doesn't end here. Covalent is dedicated to continuous improvement and is currently enhancing its Certification Standard to Version 1.1, for the purposes of receiving ICROA endorsement. As part of this process, they are opening their updated Standard for public consultation. You can participate here: ➡ https://lnkd.in/dC6zZGyz Once again, a warm welcome to Covalent!

The Covalent Forward Crediting Platform for carbon removal was launched this week at Carbon Unbound Europe, with nearly 1 million forward credits issued by Carbon Limit.  Every project on the Covalent platform is independently validated under the Covalent Certification Standard and ensures a minimum of 1,000 years of permanence. Through a robust pre-vetting process and third-party independent validation, Covalent builds trust for forward credits between carbon removal innovators and their investors. 📰 For more details, check out the full press release on Carbon Herald: