The cause of this market failure is a critical missing link, an independent and accurate source of data. Data free of conflict of interest that could bring trust to the (sometimes fairly) maligned, and long-dormant market for carbon.
We needed to distil accurate data on natural carbon sinks using machine learning and satellite data. Then, rather than profit by trading on the basis of asymmetry of information, we would commit to distributing our data as widely as possible, supercharging the existing standards, and not seeking to displace them.
Project developers could radically improve their project start times and cost. They could bring genuine, independently-tracked offsets to market, and be free to sell through the best channel for them.
Buyers could finally escape expensive middlemen and crazy markups. They could work with vendors that truly valued quality and transparency.
The exchanges and brokers that currently serve commodities and securities to corporates and institutions could trade frictionlessly, using our data as effective ratings.
Fraudulent, non additional, or non-performing carbon projects would attract a lower price for their offsets. The good projects would attract a premium — incentivising real, effective projects.
Coming full circle on our mission, our data can help the market grow and become efficient, delivering capital to projects that genuinely and effectively protects and enhance natural carbon sinks at gigatonne scale.
Today, a new set of allies has joined us in this mission.
We’re excited to announce our $5.8m Seed investment round led by leading international venture firm, Index Ventures, in addition to a $2m research contract to work with UCLA, NASA’s Jet Propulsion Lab, and University College London.
All our existing institutional investors Seedcamp, Speedinvest, Revent and another undisclosed fund are participating, joined also by Communitas and Plug and Play.
The oversubscribed round is also joined by a stellar list of founders and senior leaders from the world of tech and finance. These include current or past CEOs of IHS Market, Thomson Reuters, NYSE and Citibank.
Early adopters of Sylvera’s data have benefitted from an unprecedented view on the underlying reality of carbon markets. 2021 will see Sylvera partner broadly, to fulfil our mission of delivering the data infrastructure and crucially, the trust that powers the 100x and the 1000x larger carbon markets of the future.
If you’re protecting or restoring natural carbon, wanting to participate in the market, or on your net zero journey, we should talk. Come join our conversation on Linkedin or visit us at Sylvera.com.
If your personal mission is to achieve the highest possible leverage to help solve climate change, we’re hiring to fill exciting new roles! For more information on the latest opportunities to join the Sylvera team, check out our careers page.
Sylvera, the leading provider of ratings data on nature-based carbon offset projects, has partnered with Xpansiv market CBL, the world’s largest spot exchange for carbon offsets, to provide ratings that enable market participants to factor deeper data in their pricing and selection decisions.
As the world prepares for a fortnight of discussion, debate and policy negotiations at COP26 in Glasgow next month, one fact is beyond dispute: The preservation and restoration of natural ecosystems is essential in order to achieve Net Zero.
Since arriving in the tropical forests of Gabon for the Sylvera-led research mission with UCLA, NASA Jet Propulsion Lab and University College London, our field team has really been getting to know their new environment - in minute detail. And they’ve got some clever tech to help them do it.
Contact us now to get the clarity you need to make offset decisions with confidence.