Carbon-crediting platform Puro.earth announced that it has achieved the issuance of more than 1 million CO2 removal certificates – representing more than 1 million tonnes of verified carbon removal – following a significant acceleration in the market over the past several months.
Founded in 2018, and acquired by Nasdaq in 2021, Puro.earth provides a platform bringing together suppliers of carbon net-negative technologies and companies looking to reduce or counter their carbon footprints. Through Puro.earth’s platform, and based on its carbon credit methodologies, suppliers that remove CO2 from the atmosphere to durable storage of at least 100 years are certified and issued CO2 Removal Certificates (CORCs) into the Puro Registry, which can then be purchased by companies.
Puro.earth said that it took nearly five years from its first CORCs issuances in 2019 to reach 500,000 issued CORCs in Q1 2024, with growth growing exponentially to reach 1 million CORCs only one year later.
The company added that it is on track for issuance of the next million CORCs before the end of H1 2026.
Puro.earth President Jan-Willem Bode said:
“Reaching one million of CO₂ removals is just the beginning—our goal is to continue to use our expertise and track record to deliver proven, scalable and high-quality carbon removal credits. The next million is already within reach, and we will continue to ensure that businesses worldwide have access to trusted, verifiable carbon removal credits, at scale.”
By methodology, Puro.earth said that Geologically Stored Carbon (GSC)– such as Direct Air Capture Carbon and Storage (DACCS) and Bio Energy Carbon Capture and Storage (BECCS) – and Biochar, have been particularly popular with buyers, each representing more than 34% of issuances, as they offer scalable, high-impact solutions for carbon removal with well-defined processes and measurable outcomes. By location, the U.S. leads issuances by a wide margin, at 45%, followed by Finland at 9.9%, Bolivia at 9.6% and Brazil at 9.2%., with other strong markets including Austria, Norway, and the UK.
Puro.earth attributed shifting buyer sentiment as a key factor in the sector’s growth, noting buyers such as Microsoft, Google, and the Frontier Buyers that have led in the development of the early-stage durable CDR market, allowing technologies and suppliers to scale. It added that the market is seeing increased interest from buyers in hard-to-abate sectors, such as aviation, concrete, steel manufacturing, shipping, and chemical production.
Antti Vihavainen, Vice Chairman of Puro.earth, said:
“We want to thank the key players that have come together to build the CDR market with us: the courageous investors who ventured into the unknown, the pioneering entrepreneurs who chose innovation over business-as-usual, and the forward-thinking buyers whose commitments make everything move.”
