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Isometric enhances CO2 registry API to boost carbon market transparency

Written by
ClimeFi Insights
Published on
27 October 2024
British Airways leads the way in carbon removal initiatives

Isometric's upgraded API aims to improve data accessibility for stakeholders, fostering trust and informed decision-making in the carbon credit market.

Isometric, a leading registry in the carbon dioxide removal (CDR) market, has announced an upgrade to its Application Programming Interface (API) aimed at improving data transparency for stakeholders in the carbon market. With this advancement, the firm takes a significant step towards its goal of fostering trust through the provision of clear and accurate data regarding carbon credit removal.

The upgraded API by Isometric is devised to offer enhanced data accessibility. It caters to carbon credit buyers, suppliers, and intermediaries by providing a streamlined and reliable information flow. A key feature of this update is the introduction of new Registry data endpoints, facilitating user access to comprehensive data on Isometric credits. These endpoints deliver detailed information related to projects, suppliers, issuances, deliveries, transfers, and retirements.

Isometric notes that the new API advancements simplify the data-fetching process. This allows stakeholders to gain an enriched understanding of the carbon credit market, thereby empowering them to make better-informed decisions. By integrating Life Cycle Assessment (LCA) data within the endpoints, users can now explore removal data comprehensively. They gain insights into emissions, gross and net removal, and counterfactual scenarios, which highlight the true climate-relevant impact of carbon removal projects.

The enhancements also include a feature that optimises the handling of credit transactions. This improvement enables API clients to monitor their available credits, filter information with various queries, and conduct transactions more transparently. Suppliers can deliver credits and buyers are able to transfer or retire them with increased clarity and efficiency.

The rollout of these new API features has seen adoption by key industry leaders such as CDR.fyi, MSCI, and Sylvera. Moreover, Isometric has formed a partnership with the carbon credit platform CEEZER to further leverage these capabilities.

These updates reflect Isometric’s commitment to leveraging technology to support a more transparent and efficient carbon market, aligning with their rigorous and science-based approach to verifying and issuing credits.

In related developments, Isometric has also published a new whitepaper focusing on Monitoring, Reporting, and Verification (MRV) for carbon removal, and launched a digital MRV tool intended to accelerate the process of credit verification.

Isometric's initiatives underscore the growing emphasis on data transparency in the carbon market, providing stakeholders with critical tools and insights needed to navigate the evolving landscape effectively.

Source: Noah Wire Services