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ClimeFi legally commits to not engage in speculative trading of carbon dioxide removals (CDR) 

Written by
ClimeFi
Published on
16 September 2024
CarbonX Company Statement

FOR IMMEDIATE RELEASE

ClimeFi Legally Commits to Transparent and Responsible Carbon Dioxide Removal Practices.

At ClimeFi, we are fully committed to fostering a transparent and trustworthy carbon dioxide removal (CDR) market. We recognise that transparent pricing is vital to scaling the industry, which is still in its early stages. Since our founding, we have focused exclusively on CDR solutions with high permanence and low risk of reversal, the most scientifically sound methods for addressing residual emissions. However, the lack of effective price discovery in today’s market has led to speculative trading, inflating carbon prices and eroding trust—especially among Buyers.

To uphold the integrity of the market, we have made a legal commitment to avoid speculative trading of CDR. All transactions are conducted with complete price transparency, ensuring Buyers access CDRs at the Supplier's negotiated price, with our fees independent of the CDR cost. This policy has been embedded in our corporate structure since day one. By taking this approach, we aim to build trust and establish a strong foundation for CDR as a long-term solution, allowing Buyers to accurately account for their current and future emissions with confidence.

Company Statement