?? Making Carbon Sexy, ?? Buffer Pools in the Summer and ?? Market Update

June Newsletter

As summer in the northern hemisphere turns into bloom, participation in our efforts is increasing amidst ongoing debates.

We recognize that the problem isn't going anywhere—it's only getting bigger. In the face of a growing problem, our response must be to grow even faster.?

In this newsletter:

?? The ICR team is growing, preparing for the journey ahead.

?? ICR and Kita announce a partnership for independent risk management of ICR’s buffer pool using Kita's BaaS.

?? New Registry-Marketplace integration: BNZ Green Technologies x ICR.

?? Project Spotlight: Icelandia bus goes carbon neutral.

?? OK, Bye!, Iceland Innovation Week , and "How can we make carbon sexy?"

As we grow... ??

We are proud to announce new members in our team! ??

In the last month, three people have joined our office in Reykjavík. We are thrilled to welcome to our team:

? Alondra Silva Mu?oz as our Chief Marketing Officer.

?? Rannveig Anna Guicharnaud PhD as our Chief Science Officer.

?? Róbert Ingi Huldarsson as a Senior Software Developer.

Each one of them brings unique expertise and experience that will drive us to the heart of climate innovation. Their skills and passion will be invaluable as we continue to push the boundaries of what’s possible.

Welcome aboard! ??

Buffer as a Service (BaaS), Kita and ICR's Latest Joint Innovation?

The International Carbon Registry (ICR) is thrilled to announce a landmark partnership with Kita , specializing in carbon insurance, to innovate buffer management with the new 'Buffer as a Service' (BaaS). This collaboration ushers in a significant upgrade in the management of our buffer system, crucial for the stability and reliability of the Voluntary Carbon Market (VCM).?

The aim of the service is to lower the cost of buffer pools, which traditionally have been "one size fits all". By taking a more modern approach more efficient management could lower cost through efficiency, better management and allocate the cost of risk better.?

• BaaS provides a sophisticated, independent risk management framework tailored to the specific needs and risks of projects, enhancing transparency and operational efficiency.
• The partnership could lead to broader applications, promoting more robust and integrated risk management strategies.
• BaaS aligns with broader financial norms and practices, setting a new standard for buffer management in carbon markets.

We are grateful to the media outlets highlighting this announcement, including Carbon Herald, QIntel, The Insurer, Decarbonfuse, and Yahoo News.

There will be an upcoming joint webinar in the next weeks. This session will provide detailed insights into how this collaboration not only strengthens our buffer management but also sets new benchmarks for environmental stewardship and market confidence.

Below you can sign up for interest in our upcoming webinars. Join us as we explore the future of carbon markets together.

?? Project Spotlight: Icelandia Buys Credits from Vaxa Technologies?

?? Airport shuttle service, Flybus is carbon negative

Vaxa Technologies Ltd. partnered with Icelandia to offset their airport bus service, Flybus and setting new standards in sustainable tourism by neutralizing emissions from their transportation services directly within Iceland. This partnership showcases ?? glocal impact ???? by supporting a local company with global aspirations, setting a precedent for the travel industry to tackle climate action decisively.

Through VAXA's Impact Nutrition Program, the initiative goes beyond environmental benefits as it enhances community nutrition and food security, which are vital for building sustainable societies. Icelandia is reducing emissions while contributing to a healthier, more sustainable future, demonstrating how local efforts can significantly influence global sustainability and bolster the credibility of local carbon credits ?? As the registry and standard where these credits are registered, ICR is proud to highlight how such collaborations can inspire other companies globally to follow by blending local engagement with global climate goals.

Read more (article in Icelandic): Icelandia offsets their Airport Bus Service Flybus - Vísir

Carbon Market Retirements and Prices

Retirements in May were down as compared to the previous months, as well as compared to previous years. However, there are positive signs which suggest prices have seen the bottom prices maintain or slightly increase between years in most sectors.??

Download the VCM report prepared by Allied Offsets.

?? ICR and BNZ Green Marketplace

Marketplace - Registry Integration?

We are excited to inform that we have ?partnered with BNZ Green Technologies to enhance the efficiency of carbon credit transactions. By integrating BNZ's blockchain technology with our existing platform, we're enabling real-time transactions and improving transparency across the carbon credit lifecycle.

?? "This partnership underscores our commitment to transparency and the seamless trading of carbon credits," says Oli Torfason , COO of ICR.?

?? Dr. Neha Jain , Co-Founder of BNZ Green Technologies, emphasizes, "Working with ICR will improve market dynamics and foster a stronger trading environment."

Read more about it on our recent blog post.?

?? "How Can We Make Carbon Sexy?",?

Iceland Innovation Week, and Ok Bye!???

This month, our team attended Iceland Innovation Week in Reykjavík, an Icelandic festival that celebrates innovation in all areas of our society. There is an event called Ok Bye! that marries creativity with Climate Action. Some of the panels were very insightful and included some artistic elements to it.

We joined a thought-provoking session at Transition Labs , featuring panelists from diverse sustainability sectors including representatives of Festa, center for sustainability, Ungir Umhverfissinnar - Icelandic Young Environmentalist Association , Carbfix , and Transition Labs themselves. A standout moment was the intriguing question asked by our colleagues at Carbfix: ?? "How can we make carbon sexy?" ??

Many of the suggestions including: adding storytelling elements to it.

What do you think??

Below are some photos from the event.?

For more information, visit www.carbonregistry.com

The International Carbon Registry is a member of the @International Emissions Trading Association ( IETA ), an independent, non-profit, industry-led organization dedicated to advancing international cooperation in emissions trading. Learn more at www.ieta.org.

International Carbon Registry - CarbonRegistry.com, Laugavegur 11, Reykjavik, Capital Region 101, Iceland

Unsubscribe Manage preferences