Charm Delivers First-Ever Isometric Verified Carbon Removals to Stripe, Shopify & JP Morgan Chase

When Charm delivered its first carbon removals to Stripe back in 2021, the removals were verified via a FaceTime call from Charm’s CEO to the Stripe team. 

Today, we’re thrilled to announce the delivery of the first-ever Isometric verified carbon dioxide removal credits (equivalent to 105.06 tonnes) to our customers, Stripe, Shopify and JP Morgan Chase. This is a pivotal moment for Charm and the entire Carbon Dioxide Removal (CDR) sector, reflecting our joint commitment to exceptional quality and scientific rigor. We’re excited to share how this delivery signifies a major turning point in voluntary carbon markets.

An Inflection Point for Voluntary Carbon Markets

Low-quality credits have created an all-time low for trust in carbon credits and the voluntary carbon market (VCM). We know that, for our planet and our children, we need to be doing better to meet global decarbonization targets. That’s why our Isometric verified removals are setting a new benchmark for what high-quality CDR looks like. Being the first bio-oil sequestration company to achieve this level of verification is a significant milestone.  This effort represents the culmination of years of hard work and collaboration. 

Check out this ~2 min video recapping how Charm, Stripe, and Isometric started bringing higher quality measurement reporting and verification to the market. 

The Incentive Structure of Measurement, Reporting, and Verification is Important 

Every product needs quality control!  But carbon removal isn’t delivered to a loading dock –  it is removed from the entire atmosphere, so you need a deeply scientific, trusted, and unconflicted third party to verify each tonne delivered.

High-quality MRV should produce trustworthy, quantitative estimates of real-world outcomes, and communicate those findings and the methods underlying them in a consistent and transparent manner.  Charm, Isometric, and our buyers’ work together is based on key recommendations from the Berkeley Carbon Trading Project that suggests CDR developers should not fund the development of the protocol and the revenues of the registry should not depend on the number of tonnes of carbon removals verified.     

Trust and Transparency: The Pillars of Scaling CDR

At Charm, we believe that trust and transparency are crucial for scaling high quality, permanent removals effectively. Our public ledger and multi-year collaboration with Isometric—a leading carbon removal standard and registry platform—speaks to these values. The Isometric verification process ensures that each tonne of carbon we remove meets stringent bio-oil geological storage protocol criteria. 

These credits raise the bar for quality in carbon markets, with scientifically rigorous MRV embedded at their core and certified ex-post (or, based on actual, not forecasted, activity). The level of MRV required by the protocol is unmatched in the market. 

MRV for this delivery included:

• Robust life cycle assessment of Charm’s supply chain and market leakage factors

• Extensive analysis of biomass used for Charm’s process

• Real time data sharing from Charm’s operations via Isometric’s API

Looking Ahead: Scaling the CDR Market

Our success in delivering Isometric verified CDR tonnes marks the beginning of a new era for carbon markets. As we move towards a future characterized by high-quality removals, we are committed to prioritizing transparency, rigor, and collaboration. 

Scaling carbon removal—responsibly and fast—is key to combating climate change. Buyers, suppliers, and registries all have a role to play in rebuilding trust in the market, by supporting the production, purchase and verification of high quality carbon removal. We hope our achievement serves as a catalyst for other market participants to elevate their standards and contribute to the rapid and responsible scaling of the CDR market. 

For more readings, make sure to take a look at our WSJ feature here!