Zefiro Methane Corp [Cboe Canada:ZEFI] has successfully completed its first listing on American Carbon Registry, the company said yesterday. This listing has been “in the works” since approximately May of 2023, when Zefiro announced that it was accelerating its operations in light of a new ACR methodology.
The new methodology allows for carbon credits to be originated through specific types of environmental remediation. It is the first milestone towards Zefiro’s objective to monetize activities that will eliminate methane emissions from orphaned sites in the United States.
About Zefiro Methane Corp
Zefiro is an environmental services company, specializing in methane abatement. Zefiro strives to be a key commercial force towards Active Sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks.
Zefiro Founder and Chief Executive Officer Talal Debs said: “Our team has been working feverishly behind the scenes to execute on what can only be described as a landmark development for Zefiro. Real carbon credits, as in the ones that major corporations and institutions actually purchase, cannot be generated overnight or simply pulled out of thin air.”
American Carbon Registry
Debs, who is a recognised expert in the carbon credits space, said that not only must all ACR projects meet its extensive and rigorous Validation and Verification Standard, ACR also requires additional review and approval by an external third-party validator.
“After working on this for nearly a year following the announcement of ACR’s latest methodology, I congratulate the Zefiro Environmental Markets Team on this impressive accomplishment as Zefiro further establishes its market position as an environmental services company,” Debs said.
Being listed on ACR is a notable achievement for Zefiro as an emerging player in the carbon markets. Since being founded in 2021, Zefiro has sought to navigate an unprecedented market landscape in which carbon credits can be originated from environmental remediation projects in the United States, which can then fill the persisting demand for high-quality offsets from industries around the world.
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ACR is regarded as one of the leading global carbon credits programs, enhancing confidence in the integrity of carbon markets and pushing forward a wider culture of emissions reductions within the business and finance space. ACR operates a transparent, online registry system to record the issuance, transfer and retirement of serialized carbon credits. The platform already has over 25 years of expertise in ensuring carbon credit quality.
“Our first ACR listing is a very meaningful indicator of the progress our team has made, and we look forward to continuing to build up this momentum in 2024,” said Zefiro Chief Commercial Officer Tina Reine.
The American Carbon Registry’s approach to program quality has earned approval to issue credits for use in regulated carbon markets, including the State of California’s Cap-and-Trade Program, the International Civil Aviation Organization’s (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), the State of Washington’s Cap-and-Invest Program, and towards compliance with Singapore’s Carbon Pricing Act.
