Sylvera to develop end-to-end carbon platform with BlueLayer
Quantum Commodity Intelligence - Carbon market ratings agency Sylvera and carbon project software platform developer BlueLayer have struck a deal to interlink their systems with the aim of streamlining the connection between carbon credit buyers and project developers.
The platform will enable buyers to discover, request, and exchange data with carbon project developers digitally, with over 200 projects already signed up, representing 4 million carbon credits.
"This partnership is a turning point for scaling the carbon markets, providing much-needed digital infrastructure for both suppliers and buyers," said Alexander Argyros, co-founder and chief executive at BlueLayer.
"We're giving project developers the tools, visibility and access to funding they need to boost revenue opportunities and scale their business; while providing buyers with the data transparency they require to identify high-quality projects and meet their sustainability goals," he said.
Project developers can submit their project data on BlueLayer's platform, which will be connected through an API data feed with Sylvera's existing 'Connect to Supply' solution, an existing centralised database of over 200 carbon suppliers and project developers.
The partners said this end-to-end data exchange will increase transparency and efficiency in the carbon market by exchanging inventory, price, and project data between project developers and buyers, with the potential to drive "over $2 billion worth of investment" to carbon projects.
The partnership is in response to what duo say is the "fragmented and inefficient" carbon markets, with buyers facing difficulties finding projects that match their needs while project developers face a slow sales process.
"Partnering with BlueLayer enables us to remove barriers, simplify processes, and facilitate stronger connections between buyers and developers - on the foundation of end-to-end carbon data," said Allister Furey, co-founder and chief executive officer at Sylvera.
The UK-based carbon ratings agency has increasingly pivoted to other areas of carbon finance in the past year.
Earlier this year, it bought a carbon pricing dataset from Australian company Viridios, which also sold part of its product to Bloomberg after announcing the closure of its data unit, sources told Quantum.
