We bring unprecedented transparency and integrity to the carbon credit market, ensuring our efforts to mitigate climate change are genuine, traceable and impactful.
Why are carbon markets necessary?
Carbon markets are vital tools in global climate mitigation efforts. The IPCC stresses the need for a 45% reduction in CO2 emissions from 2010 levels by 2030 to limit global warming to 1.5°C above pre-industrial levels (Global Warming of 1.5°C, IPCC, 2018).
Whiledirect emission reductions are crucial, many sectors will face challenges achieving these purely through direct measures.
Carbon markets enhance climate contributions by enabling entities to support emission-reducing initiatives through the purchase of credits. Notably, nature-based solutions (NbS) can provide up to 37% of the mitigation needed to limit global warming to 1.5ºC through 2030 (Natural Climate Solutions, PNAS, Griscom et al., 2017), underscoring the significance of carbon markets in complementing direct climate action measures.
What about the market size?
According to projections from McKinsey's research for the Taskforce on Scaling Voluntary Carbon Markets as well as predictions from Barclays, the carbon markets are expected to experience substantial growth, with estimates suggesting a $50-200 bn market by 2030 and a further escalation by 2050 as global demand for carbon offsets rises in line with net-zero commitments.
How we change the status quo
For equitable climate action, carbon mechanisms need inclusivity. By eliminating upfront costs and offering efficient MRV tools, we empower both large developers and grassroots organizations to access carbon accreditation seamlessly.
OFP enhances carbon markets' integrity through decentralized, independent validation of project ground data, ensuring transparent, trustworthy carbon transactions.
For the integrity and efficacy of carbon markets, it's imperative to instill rigorous transparency at every stage. We provide radical transparency for on-the-ground data collection to the issuance and ultimate retirement of carbon credits.
Carbon markets necessitate the development and adoption of scalable infrastructure and tools. We provide cutting-edge open blockchain technology that can accommodate growing demand and unlock scale in the supply.
Open Forest Protocol's innovation for impact
Open and accessible verification and issuance of carbon credits
Open Forest Protocol (OFP) is a complete digital overhaul for the verification and issuance of carbon credits. OFP re-imagines carbon credits by offering carbon Project Developers at no upfront cost, open source, and network based verification system that allows the creation of the most transparent and verifiable carbon credits.
Designed for scale and liquidity
Designed to scale for projects anywhere in the world and of any size, OFP is positioned to become one of the world's largest highly verified carbon credit suppliers by 2030.
With a focus on nature based solutions, OFP holds the promise of making voluntary carbon markets reliable, liquid and easily accessible for mitigating climate change in the coming century.
We are upgrading how natural assets are verified and created
Open Forest Protocol is creating the foundation for more inclusive, scalable, and data-backed financing mechanisms for nature-based climate solutions.
For Project Developers
Access unparalleled tools for seamless registration, management, transparent monitoring and efficient carbon credit issuance for forest carbon projects.