EcoConsortium

Asia Pacific's first digital carbon registry. A joint partnership between EcoRegistry and Verdana

Categories

Technology  
Summary

EcoConsortium is a pioneering venture jointly established by Verdana and EcoRegistry. It is the first digital carbon registry in the Asia-Pacific region, with a focus on advancing the carbon market through innovative technology and digital support. The consortium aims to simplify, secure, and digitize the carbon market, making it more accessible, efficient, and transparent. Their platform incorporates cutting-edge solutions to reinvent the carbon market and facilitate the transition to a greener future.

EcoConsortium aims to revolutionize the carbon market by providing digital support, promoting sustainability, and advancing the industry through innovative technology and partnerships.


History

EcoConsortium has a relatively recent history in the carbon market. Although specific details about its founding and early years are not available, the company has emerged as a pioneering venture in the field of digital carbon registries in the Asia-Pacific region.

EcoConsortium was jointly established by Verdana and EcoRegistry, two organizations dedicated to promoting sustainability and driving carbon footprint reduction. With a vision to simplify, secure, and digitize the carbon market, EcoConsortium aimed to make carbon trading more accessible, efficient, and transparent.

The company's focus on innovative technology and digital solutions has set it apart in the industry. EcoConsortium positioned itself as a trailblazer in Malaysia, dedicated to providing unparalleled digital support to carbon registries and standard bodies. Its mission was to empower carbon registries with digital ingenuity and drive sustainable growth in the carbon market.

EcoConsortium developed a trustworthy platform that incorporated cutting-edge solutions to reinvent the carbon market and facilitate the transition to a greener future. One of its notable achievements was the establishment of the first digital carbon registry in the Asia-Pacific region, with a built-in digital measuring, reporting, and verification (dMRV) function.

The company emphasized seamless integration with global markets through API-based web services, enabling smooth transactions and connectivity with international buyers and sellers. This integration expanded opportunities for carbon credit trading and increased the visibility of projects within the global carbon market.

EcoConsortium also focused on pre-connecting its platform with renowned platforms such as CerCarbono and the World Bank's CAD Trust. This integration provided international recognition for carbon credits and ensured compliance with UNFCCC and Paris Accord protocols. By adhering to these international protocols, EcoConsortium contributed to global efforts in combating climate change and meeting sustainability goals.

The company's commitment to transparency, credibility, and strict compliance with international protocols helped establish its reputation as a trusted player in the carbon market. Its real-time dMRV dashboard empowered carbon registries and standard bodies with comprehensive analytics for effective decision-making and project monitoring.


Mission

Their mission is to catalyze a radical transformation of the carbon market through digital transformation and advanced technology, contributing to greater transparency and scalability in global carbon markets.


Vision

EcoConsortium's vision is to become a respected global benchmark in providing efficient, trustworthy, and advanced digital support to the carbon market. 

The consortium operates based on core values, including simplicity, connection, integrity, and trust. They believe in demystifying the carbon trading landscape, acting as a bridge to the global carbon market, and upholding transparency and credibility in their operations.


Key Team

Suraj Arora (Director)

Elizabeth Yang (General Counsel)

Chiranjeev Singh (Business Development Manager)

Karen Seymour (Senior Advisor)


Products and Services

EcoConsortium offers a range of products and services aimed at advancing the carbon market, promoting sustainability, and providing digital support to carbon registries and standard bodies. Here are some of the key products and services provided by EcoConsortium:

  • Digital Carbon Registry: EcoConsortium operates as the first digital carbon registry in the Asia-Pacific region. Their platform serves as a centralized repository for maintaining project details and carbon credit-related records digitally.
  • dMRV Platform: EcoConsortium's platform incorporates a digital measuring, reporting, and verification (dMRV) functionality. This feature enables efficient and transparent measurement, reporting, and verification of carbon credits.
  • Seamless Integration with Global Markets: The platform seamlessly integrates with global markets through API-based web services. This allows for smooth transactions and connectivity with international buyers and sellers, expanding opportunities for carbon credit trading.
  • Pre-Connected Platforms for International Recognition: EcoConsortium is pre-integrated with renowned platforms such as CerCarbono and the World Bank's CAD Trust. This integration provides international recognition for carbon credits and ensures compliance with UNFCCC and Paris Accord protocols.
  • Real-Time dMRV Dashboard: EcoConsortium offers an intuitive dMRV dashboard that provides users with instant, on-demand data insights. Carbon registries and standard bodies can access comprehensive analytics in real-time, facilitating effective decision-making and project monitoring.
  • Compliance with International Protocols: EcoConsortium adheres strictly to UNFCCC and Paris Accord protocols, ensuring accurate and credible greenhouse gas accounting. By upholding these protocols, they contribute to global efforts in combating climate change and meeting sustainability goals.
  • Back-Office Services for National Carbon Registries: EcoConsortium provides digital back-office services to national carbon apex bodies, assisting them with their National Determined Contributions (NDCs) and record-keeping obligations. This includes support for compliance with the Paris Rule Book and GHG accounting using blockchain technology.
  • Environmental Ministry Support: EcoConsortium focuses on providing digital support to government bodies and environmental ministries involved in carbon and sustainability-related initiatives. Their services help these entities address challenges such as double counting, digital bookkeeping, and bilateral/plurilateral arrangements for trading emission reductions or removals (carbon credits).

References
EcoConsortium
Leadership team

Juan David Duran Hernandez (Executive Director)

John Sharp (Non-Executive Chairman)

Geetha Gopal  (Chief Operating Officer (COO))

Industries

Technology

Products/ Services
Digital Carbon Registry dMRV Platform (Digital Measuring, Reporting, and Verification) Seamless Integration with Global Markets Pre-Connected Platforms for International Recognition Real-Time dMRV Dashboard Compliance with International Protocols Back-Office Services for National Carbon Registries
Number of Employees
0 - 50
Established
2022
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Mon Feb 26 2024
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