Project description DEENESFRITPL Trading platform facilitates transparency in the voluntary carbon market The EU-funded CARBOMART project plans to develop an online carbon-trading platform that brings together carbon credit buyers and carbon credit sellers. The platform will allow buyers to evaluate the carbon emission reduction projects by performing line-by-line project comparisons according to social, environmental and economic sustainability criteria. Moreover, they will be able to directly access the emission reduction projects with their sales prices directly set by the sellers. This will enable both buyers and sellers to get reference carbon credit prices and reference sustainability benchmarks for those projects. Show the project objective Hide the project objective Objective CARBOMART project is a sustainability comparison tool to create an online carbon trading platform, which allows the carbon credit buyers to evaluate the carbon emission reduction projects according to the social, environmental and economic sustainability criteria. The CARBOMART proposes solutions for the Voluntary Emission Reduction Market, which is an incentive mechanism for disseminating the investments on climate friendly low carbon energy projects.Therefore the outcome of this project will facilitate;- Low-cost, low-carbon electricity supply- Reducing Greenhouse Gas emissions due to energy consumption- Increase in the forested lands (carbon storage)in a sustainable wayby increasing the income of the renewable energy, energy efficiency and afforestation projects.General objectives Green Consult and Finance (GCF) targets through CARBOMART are;• Developing a reliable sustainability comparison tool for the voluntary emission reduction projects,• Developing a measurable pricing methodology for the Voluntary Carbon Market • Creating an accessible platform for both buyers and sellersIn line with these objectives the expected impacts are;• Facilitating the transparency voluntary carbon market.• Increase in the quality of voluntary emission reduction projects in terms of sustainability,• Increase the investment made in carbon emission reduction projects so that decrease the emission reductions up to 5%, since the effects of the carbon credit income to the IRR of an green energy investment is around 5%.The market volume is expected to be 4.1 billion USD by 2020. It is planned that the CARBOMART would be fully commercialized by 2019 and reach a sales income of 20 million Euros by 2023. To ensure a successful entrance and fast penetration into the European markets, the outcomes of the Phase 1 studies will be wisely used in Phase 2, which will help in terms of the design, production and marketing procedures to be conducted in a right manner. Fields of science engineering and technologyenvironmental engineeringenergy and fuelsrenewable energynatural sciencesbiological sciencesecologyecosystemsnatural sciencesearth and related environmental sciencesatmospheric sciencesclimatologyclimatic changes Programme(s) H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy Main Programme H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT) H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SMEInst-09-2016-2017 - Stimulating the innovation potential of SMEs for a low carbon and efficient energy system Call for proposal H2020-SMEInst-2016-2017 See other projects for this call Sub call H2020-SMEINST-1-2016-2017 Funding Scheme SME-1 - SME instrument phase 1 Coordinator GREEN DANISMANLIK FINANS ENERJI CEVRE MUHENDISLIK TARIM MUSAVIRLIK INSAAT SANAYI VE DIS TICARET LIMITED SIRKETI Net EU contribution € 50 000,00 Address Harbiye mah korsiyaka sokak 25/4 cankaya 06460 Ankara Türkiye See on map Region Batı Anadolu Ankara Ankara Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 21 429,00
