ClimaFi

Idea

Introduction

•Our mission is to help restore the stock of degraded peatlands around the world. Peatlands are amazing carbon sinks when in a pristine state and are capable of absorbing over twice as much C02 as all the world’s forests, combined. Regrettably, 80% of the UK's peatlands are in a degraded state. When degraded, peatlands are a huge carbon bomb and emit gigatons of C02 into the atmosphere. If we can restore the 50 million hectares of degraded peatlands globally, we can prevent temperatures rising above 1.5c by 2030

•ClimaFi is developing a market for UK-derived carbon credits in response to growing demand for high integrity jurisdictional credits in the $2 billion a year Voluntary Carbon Market (VCM).

•The company is also creating a new standard for measuring the success of peatland restoration in the UK and globally.

•The new standard, the Peatland Protocol, will offer a comprehensive digital measurement, reporting and verification (MRV) system, designed to show whether and to what degree, different types of restoration techniques have succeeded in accurately measuring C02 reduction.

•To underline the probity of the Peatland Protocol, we plan to create an independent advisory body that will be assembled to maintain the highest standards in accordance with the Core Carbon Principles of the Integrity Council for the Voluntary Carbon Market.

•The UK will serve as a pilot so that CLMT Exchange and the MRV system are ready for expansion into other markets.

Substantial accomplishments to date

•ClimaFi has built a web-based centralised trading platform, CLMT Exchange and is now working with the Concordium blockchain, to integrate blockchain technology.
Initially, the exchange will trade existing and pending carbon credits certified by the current UK peatland and woodland carbon codes.

•ClimaFi is developing a new standard and digital MRV, for peatland restoration in the UK and globally. The MRV is designed to aggregate data from satellites, drones and a range of ground-based sources and will use artificial intelligence to determine the success of restorations undertaken by project developers. The results will be stored on blockchain for accuracy, speed, transparency, and immutability.

•The company has received a $100,000 investment commitment from Seier Capital A/S, the family office of Lars Seier Christiansen, the CEO of Concordium and Co-Founder of Saxo Bank.

•ClimaFi has been featured in Start Up Showcase by EUStartup News

•ClimaFi has been featured in Best Start Up London

•ClimaFi has held discussions with officials from the United Nations Global Peatlands Initiative, the Natural Capital Team of the Scottish Government and the UK Peatland Carbon Code, and also aims to be actively involved in helping to drive action on peatland restoration, which needs to take place by 2030, according to consensus among experts.

Monetisation strategy

•CLMT Exchange will charge buyers 5% for purchasing carbon credits.

•In the UK, we have calculated there are currently around 5-6 million tonnes of issued and pending credits registered in the UK. OTC prices for these credits have ranged between £18 and £30/tonne.

•With added scientific credibility, and a scarcity of high integrity credits, ClimaFi expects the value of credits issued under the Peatland Protocol to increase significantly over the next 5-7 years.

•We believe our methodologies to be applicable over a million hectares of peatlands in UK, making the Total Addressable Market of peatland carbon credits to be about £150 million per annum.

•ClimaFi will charge a fee of 5% to landowners for issuing carbon credits annually for the lifetime of each project (Min 30 years, Max 100 years)

Use of proceeds