Market roles in Environmental Credit Service (preview)
Important
Some or all of this functionality is available as part of a preview release. The content and the functionality are subject to change. You can access the Environmental Credit Service (preview) sandbox environment for a 30-day trial. To use Environmental Credit Service (preview) in a production environment, complete the Environmental Credit Service (preview) sign up form.
Each organization using Environmental Credit Service (preview) can have one or more market roles. For example, if an organization operates as a buyer, it has one market role. If another organization operates as both an issuing registry and a marketplace, it has two market roles.
Environmental Credit Service (preview) is currently available for the following roles of the voluntary ecological market:
For information about supported roles, go to Role-based access control in Environmental Credit Service.
Buyer
A buyer is an individual or organization that purchases verified credits issued by an issuing registry. Often, this role is a corporate buyer using credits as offsets for unavoidable emissions to meet environmental, social, and governance (ESG) goals, but could evolve into speculative or institutional buyers.
A buyer can do the following tasks in Environmental Credit Service (preview):
Issuing registry
A issuing registry is an organization that establishes science-based standards for measuring, reporting, and verifying ecological benefit claims. They also issue value in the form of credit for claims that meet the standard set.
An issuing registry can do the following tasks in Environmental Credit Service (preview):
Marketplace
A marketplace is an organization that provides trading infrastructure to match buyers and sellers together and include services like settlement, clearing, and risk management. Suppliers can list their credits on the marketplace and buyers can trade directly or via a broker on the marketplace.
A marketplace organization can act on behalf of another organization by using the omnibus capabilities available in Environmental Credit Service (preview). A marketplace organization acting as an omnibus will also have the buyer role to perform functions on behalf of a buyer. For more information about these capabilities, go to Act as an omnibus in Environmental Credit Service (preview).
A marketplace can do the following tasks in Environmental Credit Service (preview):
Supplier
A supplier performs the actions in an ecological project for creating the asset value, such as carbon offsets, for use in the voluntary market and becomes the initial owner of the ecological benefit value generated. There can be multiple parties that are a part of the supplier role:
Owner: Organization or individual that owns the assets used in the activity that is the source of the benefit claims. For an ecological project, an owner might be a farmer.
Sponsor: Organization or individual that finances the activities generating the benefit claims, such as a bank or investment fund.
Developer: Organization or individual that constructs or develops techniques or technologies used in the activities that generate the benefit claims, such as a direct air capture device manufacturer.
A supplier can do the following tasks in Environmental Credit Service (preview):
Validation and verification body
A validation and verification body is an organization that is authorized by an issuing registry to validate and verify MRV claims issued by a project. |
A validation and verification body can do the following tasks in Environmental Credit Service (preview):
Related information
Environmental Credit Service (preview) overview Environmental Credit Service (preview) glossary Configure Environmental Credit Service (preview) API reference overview for Environmental Credit Service (preview)