When Puro.earth was founded in 2019, there was no crediting program for engineered carbon removal. This gave us a blank slate to define a value proposition that is designed to enable the growth of the nascent carbon removal market while emphasizing simplicity, cost-efficiency, and transparency. Under the Puro Standard, we issue CO2 Removal Certificates, CORCs, that are sold in the carbon markets through third-party marketplaces or directly by our suppliers.
Transparent and simple cost structure
Puro.earth has two sources of revenue:
Annual platform membership fee
The Puro.earth Service Fee
1. Annual platform membership fee
Puro.earth charges a €900 annual membership fee that includes a Puro Registry Account where account holders can manage and retire CORCs. Users also need to sign the Platform Agreement. This fee is waived if the purchased CORCs are retired immediately by the seller.
We do not charge extra for opening, closing, or reactivating accounts. For suppliers, the fee is also not dependent on the size of their CORC issuances.
2. The Puro.earth Service Fee
After the first transfer of ownership or retirement in the Puro Registry, a service fee is charged to the supplier. The service fee covers all of the costs related to the Puro Standard and Registry services, including the transfer of ownership, issuance, verification, validation, registering, methodology development, and Puro Standard oversight by the Advisory Board. No service fee is charged, if no change of ownership or retirement is requested in the Puro Registry before the expiry of the credit. The credits expire after five years.
| Annual CORC issuance volume | Service Fee |
|---|---|
| <2,000 | 12% |
| 2,000-300,000 | 8% |
| >300,000 | 3% |
By design, our service fee is simple, transparent and - based on estimates produced by a top tier consulting firm - one of the most cost-efficient means of issuing credits.
The service fee is independent from the sales channel that was used for the transaction. In other words, the service fee is the same regardless of whether the supplier had negotiated a bilateral deal between with the buyer or used a third-party broker or marketplace. Puro.earth does not derive any revenue from brokerage or marketplace services. Puro.earth is not a party or a beneficiary in the market transaction. Puro.earth holds no equity in any members of the platform, and we have not established any revenue sharing arrangements with the account holders.
The listing price on third-party marketplaces, already includes the Puro.earth service fee.
Secondary trades
When a secondary trade occurs, Puro.earth charges a fee to the CORC holder to register the change of ownership in the Puro Registry. This fee is dependent on the volume of the CORCs that are traded.
| CORC traded | Service Fee |
|---|---|
| <100,000 | 2% |
| 100,000-500,000 | 1.5% |
| >500,000 | 1% |
If you are a current or potential carbon removal producer engage with us to become a supplier and monetize your climate service.
