Future of Carbon Markets End-to-End Traceability

As we enter 2023, carbon markets undergo significant changes, dealing with more rules, oversight, and difficulties. The year started with scandals about non-profit groups approving questionable credits.

Countless companies have admitted that their net zero goals are invalid, their credits worthless, and they are now compelled to purchase additional credits from the market. With the introduction of the EU Green Deal and alterations in the UK, both large and small companies are encountering new obstacles and modifications in their carbon credit procurement processes.

EU Green Deal Implications

It is widely acknowledged that carbon taxation is on the horizon in various forms. Operationally, companies need to consider supply chain measures and actions. Regarding reporting and credits, compliance will depend on which credits are accepted. Analysts suggest that approximately 90% of current credits will not meet the mandatory reporting standards, placing companies in a challenging position. Boards and companies that have acquired credits from the secondary market or from sources that lack detailed project information should review and verify their holdings.

Future of Carbon Markets and the EU Green Deal and the challenges of traceability

End-to-End Traceability

Companies should prioritise achieving end-to-end traceability to demonstrate their commitment to environmental sustainability. Unlike many others in the market, Martello distinguishes itself by being able to meticulously trace every project step and record the buffer, ensuring the precise measurement and accountability for every gram of carbon emissions. This level of transparency, coupled with the prestigious UKCCC certification, empowers customers and buyers to scrutinise the entire project thoroughly, understand the buffer application, and have complete visibility into the company's sustainable practices.

Martello's Value Proposition for Investors and Companies

Martello has meticulously overseen the development of the hemp project and the entire value chain. As a sustainability-focused organisation, we have already implemented a substantial buffer, guaranteeing accurate carbon accounting. Purchasers of our credits receive a comprehensive walkthrough of the entire project, enabling them to discuss the merits and the MRV (Measurement, Reporting, and Verification) process with the UKCCC. Our credits will allow them to achieve their Net Zero compliance goals and reduce carbon from existing and tested projects.

Rest assured, together, we can accomplish our sustainability objectives.

J.M.