Frequently Asked Questions
What types of carbon credits are eligible to be listed?
Contracts are offered based on leading voluntary standards including: Gold Standard, Verra, Climate Action Reserve, ACR (formerly American Carbon Registry), and WCI ARB; these registries are recognized by the International Carbon Reduction and Offset Alliance (ICROA). Projects under various registries range from renewable energy such as wind, solar and hydro to forestry and avoiding deforestation and others.
How do you trade these markets using the platform?
TVCM transactions take place via the Joule platform with final deal execution typically taking place via bilateral contracts. Participants can transact directly on Joule or via TVCM Web, a simple, straight forward way for corporate participants to buy carbon offsets. TVCM Settle allows customers to quickly settle transactions.
What protections are in place for market participants?
TVCM offers voluntary carbon credits from established and verified standards and protocols. The transparent market data pertaining to these bespoke projects allow participants to make more well-informed decisions when transacting in the voluntary carbon markets.
What is a voluntary carbon market?
Based on projects that are verified by third-party registries, voluntary carbon offsets allow carbon emitters to offset emissions by purchasing credits from projects that remove or reduce greenhouse gas emissions. These projects vary widely in design and purpose and occur outside a regulatory or mandated policy. Historically, voluntary markets have been largely bilateral and opaque. TVCM aims to bring transparent pricing and more efficient trading processes to the marketplace.
What are compliance carbon markets?
Carbon markets are sometimes referred to as one common market. But there are two types of markets – compliance and voluntary. Compliance carbon markets are established and operated by states, countries and regions. They mandate various compliance entities under the respective programs to reduce their emissions, using a market mechanism commonly referred to as a cap-and-trade structure. Under this framework, carbon allowances are “capped” each year and compliance entities are required to reduce their emissions over time. Any compliance entities that are not able to fulfill their carbon reduction target can buy allowances if they are over their allotted levels. Companies that reduce emissions beyond mandated levels through innovation and efficiencies can sell those allowances. The most mature and established compliance markets are the EU Emissions Trading Scheme (EU ETS), Western Climate Initiative (WCI) which includes the California and Quebec markets and the Regional Greenhouse Gas Initiative (RGGI). Each of these markets can be traded via regulated futures exchanges such as Nodal Exchange for North American markets and EEX for European carbon. These contracts are NOT offered on TVCM but are tradeable through Joule.
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