We are thrilled to unveil the revised version of Covalent Certification Standard, enhanced based on ICROA requirements, for public consultation today! We invite scientists, carbon removal project developers, VVBs, and others to provide feedback and support the effectiveness and accountability of permanent carbon removal worldwide. It’s wonderful timing as the 🇪🇺 just announced the provisional agreement on a certification scheme for carbon removals highlighting the importance of permanent carbon removal, aligning closely with our Standard. Links to our public consultation tool and announcement are in the comments below. #CarbonRemoval #Certification #ICROA #PublicConsultation
About us
Covalent, a climate fintech company based in San Francisco, accelerates the permanent CDR industry by pioneering forward financing. Through its certification standard and blockchain-based registry, Covalent enables advance payments for future carbon removals at scale.
- Website
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http://www.covalent.earth
External link for Covalent
- Industry
- Environmental Services
- Company size
- 2-10 employees
- Headquarters
- San Francisco
- Type
- Privately Held
Locations
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Primary
Get directions
San Francisco, US
Employees at Covalent
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Onur Eren
Climate Entrepreneur | Carbon Removal | Climate Finance | Next-Gen Materials
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Pawan Gupta
Decarbonization | Carbon Markets | Stanford
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Jahed Momand
Lapsed biophysicist. Co-Founder, General Partner at Cerulean Ventures. Investing to build the nature-positive economy.
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Rohit Gupta
Chief of Staff @ Merkle Science | Ex-VC | Advisor @ Covalent
Updates
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Covalent reposted this
We're excited to welcome Covalent, a groundbreaking financing platform for permanent carbon dioxide removal projects, to the Negative Emissions Platform community! Covalent is revolutionizing the landscape of carbon removal by developing a Certification Standard under the advisory of Arizona State University’s Center for Negative Carbon Emissions. Coupled with a blockchain-based registry, Covalent enables advance payments for projected carbon removals at scale. What sets Covalent apart is their commitment to legitimacy and trust. Their Certification Standard, independently validated, ensures that carbon removal projects achieve at least 1,000 years of permanence with less than 0.1% annual leakage. But the journey doesn't end here. Covalent is dedicated to continuous improvement and is currently enhancing its Certification Standard to Version 1.1, for the purposes of receiving ICROA endorsement. As part of this process, they are opening their updated Standard for public consultation. You can participate here: ➡ https://lnkd.in/dC6zZGyz Once again, a warm welcome to Covalent!
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The Covalent Forward Crediting Platform for carbon removal was launched this week at Carbon Unbound Europe, with nearly 1 million forward credits issued by Carbon Limit. Every project on the Covalent platform is independently validated under the Covalent Certification Standard and ensures a minimum of 1,000 years of permanence. Through a robust pre-vetting process and third-party independent validation, Covalent builds trust for forward credits between carbon removal innovators and their investors. 📰 For more details, check out the full press release on Carbon Herald:
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We are proud to be a Gold Sponsor at Carbon Unbound Europe, the leading conference on carbon removal. Covalent will be co-hosting an essential panel on ‘Permanence and Risk of Reversal: Should We Be Aiming for 1000-Year Durability?’. The necessity for the development of permanent Carbon Dioxide Removal (CDR) strategies cannot be understated, especially regarding ‘Intergenerational Equity.’ Let us unite our efforts to construct a long-term solution! We look forward to engaging in insightful discussions on CDR with all participants and hope to see you in our booth. Conference agenda: https://lnkd.in/gAcb8SJr
Gold Partner Announcement: Covalent Climate Tech Covalent plays a crucial role in our carbon removal ecosystem. They facilitate financing for early stage projects with their forward-crediting platform for permanent carbon removal. What Sets Covalent Apart? Covalent has a meticulous Certification Standard that allows early-stage carbon removal projects to issue "forward credits." These credits are not theoretical; they undergo rigorous third-party independent validation. Covalent also requires projects to provide a minimum of 1,000 years of permanence. Financial Framework for Success One of the greatest challenges for innovators in the carbon removal space is securing reliable financing. Covalent goes beyond just issuing credits; they are building a comprehensive financial infrastructure specifically designed to meet the unique needs of carbon removal companies. Transparency through Blockchain In an era where transparency and accountability are more critical than ever, Covalent leverages blockchain technology to create a public registry. This registry meticulously logs all project transactions, reinforcing the sector’s need for openness and enabling stakeholders to invest with confidence. Why Covalent Matters for Us All By making carbon removal project financing more widely available, Covalent is playing an instrumental role in fast-tracking our transition to a net-zero world. Göker Avcı will be speaking on our Permanence and Risk of Reversal panel. Meet him and Onur Eren at the summit, or reach out directly. Learn more: https://covalent.earth/
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