PROSPHERA develops and executes traceable carbon sequestration projects, generating verified carbon credits for the Voluntary Carbon Market. The company ensures credible carbon accounting and stakeholder engagement, while also investing in climate innovation.
Funding
Funding not disclosed
Founders
Product
Problem
The carbon credit market faces challenges with project credibility, inaccurate carbon accounting, and complex implementation in offshore markets. Furthermore, the exclusion of essential stakeholders in project design and execution can hinder success and impact.
Solution
PROSPHERA addresses these issues by developing and executing impactful carbon-sequestration projects that generate traceable and trackable carbon credits. The company leverages on-the-ground presence and technology to overcome implementation hurdles and ensures credible carbon accounting through standardized protocols. PROSPHERA prioritizes stakeholder partnership, engaging local communities throughout the project lifecycle to foster genuine environmental benefits and sustainable development. In addition to project development, PROSPHERA actively participates in the Voluntary Carbon Market through trading verified carbon credits, offering transparency and integrity. The company also supports climate innovation through cleantech and climatech investments.
Target Audience
PROSPHERA targets businesses seeking to offset carbon emissions, investors interested in cleantech and climatech, and entities participating in the Voluntary Carbon Market.
Features
- Development and execution of GHG avoidance or sequestration projects with stringent Measurement, Reporting, and Verification (MRV) standards.
- Support for carbon sequestration innovation through development, incubation, acceleration, and financing.
- Participation in the Voluntary Carbon Market for trading verified carbon credits, including physical credits and futures, via Over-The-Counter (OTC) and exchange transactions.
- Commitment to UN's 17 Sustainable Development Goals (SDGs) and partnership with local communities to create social, economic, and educational opportunities.
- Application of standardized nested accounting and protocols for interoperability across accounting systems to ensure reliable carbon accounting.
- On-the-ground presence and efficiency-driving technology to surmount implementation challenges.
- Stakeholder engagement model that includes local communities from project design to management.
- Investment in innovative climate technology solutions.