Neonomics & Carbon Centrum partner to limit CO2 emissions via open banking

By Gloria Methri

Carbon Centrum, a carbon offset pioneer, and Neonomics, a provider of open banking services, have partnered to enable the first-ever CarbonIDs to represent data-backed offsets.

Leveraging the power of open banking to connect individuals with more precise CO2 footprints, the companies will combine many diverse financial data inputs into a single platform that autonomously tracks CO2 consumption. This will enable companies to competitively purchase these offsets by seamlessly connecting individuals, brands, and carbon markets.

Founder and CEO of Carbon Centrum Çağrı Selçuklu said, “Reducing carbon emissions is critical to saving our planet for the generations to come. The goal of CarbonID is to strengthen the bonds between different stakeholders who share in this mission by incentivising actors in an innovative way. Giving individuals an intuitive ability to sell their own offsets to companies who seek to do their part in this complex challenge is one piece of the puzzle which we believe can make a big difference at scale with partners like Neonomics.”

Carbon offsets will play an integral role in getting to net-zero global emissions. Linking more uniform, real-time data at the individual level can improve the monitoring and effectiveness of carbon offset trading and the overall aim of reduction.

Commenting on this partnership for Neonomics, Founder and CEO Christoffer Andvig said, “When we started Neonomics, we wanted to be able to go after big challenges, and there is nothing bigger than addressing climate change. Enabling our open banking technology to be a multi-functional tool for innovators like Carbon Centrum is at our very core, and we are excited to support their mission going forward.”