It’s official—Circularity gets its own Carbon Category

We are thrilled to see Circularity recognized as a new category in the global carbon markets and proud to be among those supporting its development.

Together with AlliedOffsets, we explored the importance of distinguishing circular solutions from end-of-life mitigation that occurs predominantly at landfills and incineration plants—the linear economy.

Circularity tackles global warming directly by reducing the need to extract new raw materials and the emissions from transporting and processing them, while also preventing methane from being released at landfills due to improper breakdown of organic waste. 

This announcement is enormously important because circularity faces a significant market challenge that includes financial, technical, and technological hurdles.

The new Circularity category of carbon credits will be critical in attracting investment and introducing innovation, and it could significantly help reduce emissions, potentially achieving up to 85% of the cuts needed to keep global warming below 2º Celsius (Circularity Gap Report).

It tackles both long-term and short-term climate cooling needs while also delivering important social and economic benefits to green workers and communities.

At Carrot, we understand that for integrity to be built into this category, a significant amount of supply chain and recycling data, most of which involves small and medium businesses, will need to be processed using digital tools—specifically, measurement, reporting, and verification capable of supporting auditors, VVBs, and registries devoted to the circularity credits category. 

We are excited to support the market in this new sector and congratulate our partners at AlliedOffsets for championing it.

Read the full article: https://lnkd.in/eAmbdm2N