Puro.earth collaborated with Nasdaq to create a first-of-its-kind index family that tracks the price of sequestering carbon through engineered carbon removal. The objective is to improve transparency in the carbon markets and help corporates understand the true cost of neutralizing their emissions. The indexes will also create a price signal that will stimulate the growth of the carbon removal ecosystem by supporting the business case for new carbon removal projects and helping potential investors into these ventures make better informed decisions.
The CORC Carbon Removal Price Index family consists of a composite index that tracks the price of all CORC transactions as well as a separate index for biochar and bio-based construction materials. More indexes will be added to the family as the number of CORC transactions based on other carbon removal methodologies increase.
|July-2022||1-month change||6-month change||YTD change|
|CORC Carbon Removal Price Index|
|CORC Biochar Price Index|
|CORC Bio-based Construction Materials Price Index|
Nasdaq Copenhagen AS or any of its affiliates (“Nasdaq”) assumes no liability for loss or damages related to or arising out of the use of the CORC Removal Reference Price Index family (the “CORC Index”). Nasdaq expressly disclaim all warranties of accuracy, completeness, merchantability or fitness for a particular purpose with respect to the CORC Index. Neither Nasdaq nor any third party make any express or implied warranties or representations regarding the results which may be obtained as a consequence of the use of CORC Indexes or regarding the value of CORC Indexes at any given time. Nasdaq shall in no case be liable for errors or defects in CORC Indexes, nor obliged to provide notice of or otherwise publish errors in CORC Indexes
CORC Indexes is provided by Nasdaq Copenhagen AS and shall not without Nasdaq Copenhagen AS´s prior written consent be used:
As reference for the issuance of a financial instrument;
As reference for the determination of the amount payable under a financial instrument or a financial contract;
As reference by a party to a financial contract;
For measuring the performance of an investment fund, of defining the asset allocation of a portfolio, or of computing the performance fees;
For any other purpose which may qualify Nasdaq Copenhagen CORC as a benchmark in accordance with regulation (EU) 2016/1011 of the European Parliament and of the European Council on indices used as benchmarks in financial instruments and financial contracts.