Overview
Climate Clean uses Markit Environmental Registry (also known as Markit), the world’s largest carbon credit registry, to ensure transparency, prevent double-counting, and provide verifiable proof that your carbon offsets have been permanently retired. This system is the foundation of our commitment to credibility and transparency.
What is Markit?
Markit Environmental Registry is the industry-standard infrastructure for tracking, trading, and retiring carbon credits. It serves as the global marketplace where carbon offsets are registered, verified, and permanently retired.
Key Features of Markit:
- World’s Largest Registry: The most widely used carbon credit registry in the world
- Transparent Tracking: Every credit is tracked from creation to retirement
- Prevents Double-Counting: Ensures offsets can only be used once
- Industry Standard: Used by brokers, corporations, and carbon management firms worldwide
- Permanent Retirement: Once retired, offsets cannot be reused or resold
How Climate Clean Uses Markit
1. Offset Registration
When Climate Clean purchases carbon offsets, they are registered on the Markit Environmental Registry. This registration includes:
- Project Information: Details about the offset project (location, type, methodology)
- Credit Details: Number of credits, vintage year, certification standard
- Verification Status: Third-party validation and verification information
- Ownership: Climate Clean’s ownership of the credits
2. Portfolio Management
Climate Clean maintains a curated portfolio of offsets on Markit, selecting high-quality projects that meet our rigorous standards:
- Diverse Projects: Multiple project types and geographies
- Quality Standards: All offsets meet Climate Clean’s RSVPE criteria (Real, Surplus, Verifiable, Permanent, Enforceable)
- Multi-Gas Coverage: Projects that address various greenhouse gases, not just CO₂
3. Permanent Retirement
When you purchase offsets through Climate Clean:
- Your Vehicle’s Emissions Are Calculated: Using the VIN Calculator, we determine your precise emission signature
- Offsets Are Matched: We match your emissions with appropriate offsets from our Markit-registered portfolio
- Offsets Are Retired: The matched offsets are permanently retired on Markit
- You Receive Proof: Your certificate includes verification information linking to the Markit registry
4. Verification and Transparency
What You Get:
- Certificate: Official Climate Clean certificate showing your offset purchase
- Registry Verification: Your offsets are permanently recorded on Markit
- QR Code: Links to verification information and your offset record
- Transparency: Full traceability from project to retirement
Why Markit Matters
Credibility
Using Markit ensures that your offsets are:
- Real: Verified and measurable emission reductions
- Permanent: Once retired, they cannot be reused
- Transparent: Full tracking and verification available
- Industry Standard: Recognized by corporations, governments, and environmental organizations worldwide
Prevents Double-Counting
Markit’s registry system ensures that:
- Each carbon credit can only be used once
- Offsets cannot be sold to multiple customers
- Retirement is permanent and verifiable
- No risk of offset fraud or double-claiming
Global Recognition
Markit is recognized by:
- Corporations: Fortune 500 companies use Markit for their offset programs
- Governments: Many governments accept Markit-registered offsets for compliance
- Environmental Organizations: Trusted by leading environmental groups
- Standards Bodies: Integrated with major carbon offset standards
The Retirement Process
Step-by-Step:
- Project Creates Credits: An approved carbon offset project generates verified emission reduction credits
- Credits Enter Markit: Credits are registered on the Markit Environmental Registry
- Climate Clean Purchases: Climate Clean purchases high-quality credits from the registry
- Portfolio Curation: Climate Clean curates a diverse portfolio matching various emission signatures
- Customer Purchase: You purchase offsets through Climate Clean
- Matching: Your vehicle’s emissions are matched with appropriate offsets
- Retirement: Matched offsets are permanently retired on Markit
- Verification: You receive proof of retirement with registry information
What This Means for You
Peace of Mind
When you see that your offsets are retired on Markit, you can be confident that:
- Your offsets are real and verified
- They have been permanently retired (cannot be reused)
- Your purchase is fully documented and traceable
- You’re protected from greenwashing claims
Corporate Reporting
If you’re purchasing offsets for corporate or fleet purposes:
- Markit retirement provides audit trail for ESG reporting
- Recognized by major sustainability frameworks
- Meets requirements for carbon neutrality claims
- Provides documentation for stakeholder reporting
Environmental Impact
Markit retirement ensures:
- Your offsets represent real emission reductions
- Projects are verified and validated
- Impact is measurable and permanent
- Your contribution supports legitimate climate action
Frequently Asked Questions
Q: Can I verify my offsets on Markit myself?
A: Yes! Your Climate Clean certificate includes information that allows you to verify your offsets on the Markit registry. The QR code on your certificate also links to verification information.
Q: What happens if Markit shuts down?
A: Markit is the world’s largest and most established carbon credit registry, used by thousands of organizations worldwide. However, all retirements are permanent and documented, providing a permanent record of your offset purchase.
Q: Are all Climate Clean offsets retired on Markit?
A: Yes. All offsets sold by Climate Clean are permanently retired on Markit, ensuring full transparency and verification.
Q: How do I know my offsets weren’t sold to someone else?
A: Markit’s registry system prevents double-counting. Once an offset is retired, it cannot be used again. Your certificate provides proof of your specific retirement.
Q: What information is on the Markit registry?
A: The registry includes project details, credit information, ownership records, and retirement status. This provides full transparency and traceability.
