“When we launched, there was no correlation between the climate impact of a carbon project and the price of a carbon credit,” says Tommy Ricketts, CEO and Co-Founder of BeZero Carbon. “Now, every incremental notch on our rating scale commands an average 40% price premium.”
The platform provides ratings, data, and scientific analysis for over 480 carbon credit projects and boasts more than 100 corporate subscribers worldwide, including large players like UBS, Sumitomo, Emirates NDB, Equinor and Woodside Energy.
It extends its reach across more than 40 platforms, including Bloomberg, and operates in over 30 countries.
Future Plans for Expansion
The newly acquired funds will catalyse BeZero’s expansion in additional markets. Particularly, the company plans to broaden its ratings coverage to domestic and sovereign compliance markets, as well as the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
This expansion aligns with the increasing reliance of organisations and governments on carbon markets to achieve net zero emissions.
According to BeZero, the potential growth to a US$100bn carbon market could support an astounding 17 million jobs globally and contribute around US$700bn annually towards climate initiatives.
Focused on scaling its data and analytics offerings, BeZero intends to enhance automation through Artificial Intelligence applications.
