Sylvera Carbon Data and BlueLayer announced a partnership designed to transform carbon markets by streamlining the exchange of inventory, price, and project data between project developers and buyers.
The carbon market, as it stands, is fragmented and inefficient. Buyers face difficulties navigating a maze of intermediaries to find carbon credits that match their requirements. Project developers, in turn, encounter challenges responding to RFPs quickly and accurately, and managing the extended back and forth with intermediaries and buyers on project data, pricing, inventory availability, and contract terms. This slow sales process impedes buyers from meeting their net zero goals and project developers to secure financing and scale their projects.
BlueLayer, founded in 2022, has developed a platform that enables developers to maximise their carbon revenues, digitise their workflows, streamline carbon credit management and facilitate certification.
Sylvera, founded in 202, helps global corporations, financial institutions, and governments to develop and execute their carbon credit strategies, drive measurable progress toward net zero goals, and optimise returns on investment. To date, Sylvera has raised over $96 million in funding.
This partnership will drive billions of dollars worth of investment towards carbon projects by enabling buyers to discover, request, and exchange data digitally and fully securely with project developers. To date, 80+ projects have been introduced to buyers, catering to a total demand of 4 million credits.
More than 200 leading project developers are now part of this ecosystem, increasing market liquidity and accessibility and further driving progress in the global carbon markets.
According to Alexander Argyros, co-founder and CEO of BlueLayer, the partnership is a turning point for scaling the carbon markets, providing much-needed digital infrastructure for both suppliers and buyers:
“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.
Together, we’re creating a more efficient, high-performing, and connected market.
Allister Furey, Co-founder and CEO, Sylvera shared:
“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.
It’s another big step in driving meaningful climate action and real progress as we continue to mature these markets.”
