EarthXCG is meeting the challenge by innovating and serving the community that makes up the environmental markets.
Guided by science, data, and technical expertise, we enable environmental markets with tools to ensure impact. The climate challenge we face is global and existential, so we ground our work in understanding what is necessary to succeed at scale.
Our team consists of experts across the fields of carbon removal science and engineering, data science, fraud detection, auditing, digital risk, software development, and businesspeople who have built and operated technology companies and projects at global scale. Our team has held senior leadership positions at Microsoft, Carbon Trust, Proton, Square, Deloitte, McKinsey, Axpo, JP Morgan, BlackRock, HSBC, and Barclays.
We founded the company in 2022 to fix the biggest problem in environmental credit markets: credit integrity.
Environmental projects, such as carbon dioxide removal projects, are funded by having their verified impact sold as credits. For carbon credits in particular, given the massive gigaton level of the problem, these projects require immense levels of funding. For buyers to have confidence in carbon credits they must trust the claims of project developers about the results of their removal efforts. We enable project developers to be able to prove the actual results of their efforts. Our aim is to bring trust to the carbon markets and other environmental markets by eliminating overestimation, misrepresentation, and fraud.
Our model is verification as a service (SaaS), and data infrastructure for environmental markets as a service (IaaS).
Is EarthXCG a dMRV provider?
EarthXCG is different from other companies that claim to be dMRV providers. The term dMRV is a misnomer. Companies using this term only perform dMR and no V, meaning they help capture measurement data and report it to registries, but do not perform verification. EarthXCG is the technology provider for verification services in output audits. We work with registries and VVBs to enable the most advanced, highest integrity, lowest cost, and most scalable verification technology for audits. We can also partner with existing project dMR and other dMR providers.
What methodologies does EarthXCG work with?
EarthXCG is methodology agnostic, meaning we can customize our analytics to any methodology and model any project in our platform.
Is EarthXCG a VVB (Validation and Verification Body)?
EarthXCG is a provider of verification technology. A traditional VVB relies on highly trained human experts who operate physically in the field visiting project sites, confirming project plans, supporting lifecycle analysis development, and when required they perform output audits to verify the claims of carbon removal or other environmental impact. Due to high cost of their human experts, traditional VVBs realize the most profit from their comprehensive site visits and audits at the start of projects, and by providing advisory services to project developers. However, the compulsory output audits are low-margin and are not as profitable. This is why VVBs choose to partner with EarthXCG, it is a win-win. EarthXCG automates the low-margin audits while being much more comprehensive in its analysis. Quality goes up, costs go down, speed increases, and importantly the scale of audits is unlimited – any frequency, unlimited projects, unlimited credits.
Does EarthXCG have a pilot program for project developers and registries?
Yes, the pilot program from EarthXCG is now live. There are several carbon removal projects already participating and we are welcoming additional projects.
How does EarthXCG work with registries?
EarthXCG enables registries to scale. Registries now need to have every carbon credit or environmental credit verified before it can be certified and sold. Until recently this was not the case and credit issuances were based upon estimates that were later reconciled. This led to over-crediting and questionable standards of integrity. EarthXCG integrates into the registry’s verification processes with their accredited VVBs, providing the output audit technology that improves verification accuracy, lowers cost, and provides unlimited scale.
Can our project select any registry and use EarthXCG?
Yes, EarthXCG is registry agnostic, meaning we can customize our analytics to any registry’s standards. We welcome collaboration with all current registries, new private registries and public sector registries.
Who certifies the carbon credits?
The registry selected by the project developer will certify the carbon credits or other environmental credits based upon the verification analytics provided by EarthXCG.
Who sells the carbon credits?
It is entirely the decision of the project developer. Because EarthXCG operates a comprehensive data infrastructure for environmental market participants, it is possible for EarthXCG to share all necessary data to any buy side participant at the request of the project developer or registry.
Is EarthXCG’s platform ready for commercial deployment?
We are currently conducting pilot projects on several continents including North America, Europe, Africa, and Asia. If you are interested in working with us now via our pilot program, please submit your information on our web form or email us.
Is EarthXCG hiring?
Always, if you are top of your field, passionate about excellence, and motivated to mitigate the effects of climate change, please send us a note and let us know how you would like to contribute. Everyone is welcome.
Is EarthXCG open to external investment?
Come speak with us, we’re exploring scaling opportunities.
Is EarthXCG working with partners?
Yes. Our business concept is predicated on collaboration. Industry associations, registries, science partners, data partners, application partners, VVBs, consultants, brokers, markets, etc. Our platform is for the industry to use, and we welcome all types of collaboration.
