An auction for CORCs is in progress and our online shop is closed until February 19th.
Why is the shop closed?
The shop will reopen Wednesday February 19th at 12.00 GMT.
In the online shop you can easily buy up to 150 CORCS using a credit card. The price of CORCs is the Weighted Average Price in the last auction plus 20%.
Register here and you can easily place purchase bids for specific carbon removal method, quantity and price of CORCs. Buyers should bid with a price that reflects the business benefits of buying high-quality carbon offsets.
With a Pre-Purchase Agreement buyers secure availability and price by agreeing with one or more suppliers to buy a predetermined amount at a set price in the next auction. To arrange a Pre-Purchase Agreement please contact us.
Auctions are run every two months for four days, with two auction rounds that last 48 hours. The current auction will take place from February 10th to 14th, 2020. Buyers and sellers who register here get access to the auction platform. It is very easy to place a bid and get a match in the auctions.
In the first 24-hour window, buyers enter their purchase bids by defining the removal method, how many CORCs they want to buy and at what price. In the next 24 hours, sellers, who have been issued CORCs after going through our verification, choose which bids to accept.
The matched bids are published after this first round.
Another round of bidding goes on for 48 hours. (The second round is the same as the first round, but buyers and sellers can adjust their strategies based on learnings from the first round. Please note that no bids are carried over to the second round.)
CORCs are invoiced and then transferred to the winning bidder, who can use it in sustainability reporting. For transparency, all participants can see the matched deals.
Welcome back to the online shop on February 19th or register here to participate in the auctions. In the meantime, read our blog post on How to become a carbon neutral company with carbon removal.