Market Participants
CO2 TRUST serves a diverse range of participants, each playing a unique role within our platform. Understanding these roles is crucial for utilizing the full capabilities of our services, especially in terms of interacting with the Puro Connect API. Here, we detail the three main types of users: Suppliers, Volunteer Purchasers, and Compliance Purchasers.
Suppliers
Suppliers are entities or individuals that provide verified carbon credits to the marketplace. They are typically responsible for initiating projects that generate carbon credits, such as reforestation or renewable energy projects.
Responsibilities:
- Connection to Puro Earth: Suppliers must connect their CO2 TRUST account to their Puro Earth account. This integration facilitates the verification and transfer of carbon credits through the Puro Connect API.
- Management of Credits: Suppliers can manage, list, and sell their credits on CO2 TRUST. They are also responsible for ensuring the accuracy and validity of the credits provided.
Volunteer Purchasers
Volunteer Purchasers are individuals or companies who choose to purchase carbon credits to offset their carbon footprint voluntarily. This group does not have regulatory obligations to offset emissions but chooses to do so for ethical, environmental, or corporate responsibility reasons.
Interactions:
- Funding and Transactions: Volunteer purchasers need only to fund their CO2 TRUST account to start purchasing, trading, or retiring carbon credits.
- Simple Purchasing Process: They can browse available credits and buy or trade them as desired without needing direct interaction with the Puro Connect API.
Compliance Purchasers
Compliance Purchasers are typically companies or organizations that are mandated by law or regulatory frameworks to offset their carbon emissions. They purchase credits to comply with environmental regulations.
Interactions:
- Regulatory Compliance: Compliance purchasers use CO2 TRUST to acquire necessary carbon credits to meet legal obligations.
- Account Funding and Purchasing: Like volunteer purchasers, compliance purchasers fund their account and use the platform to buy or trade credits. The process is streamlined to ensure ease of use and efficiency.
Bridging Credits Back to Puro Earth
- Suppliers and Certain Customers: Any supplier or customer who needs or desires to bridge their credits back to Puro Earth will require their accounts to be connected through the Puro Connect API. This connection ensures that credits can be seamlessly transferred back to the Puro Earth registry if needed.
- Purpose of Bridging: Bridging is typically used for verification purposes or to meet specific regulatory requirements that mandate the return of credits to their origin registry.
Conclusion
Understanding the roles and requirements of different market participants helps in effectively navigating the CO2 TRUST platform. Suppliers, volunteer purchasers, and compliance purchasers each have tailored interactions with our system, designed to meet their specific needs while ensuring the integrity and transparency of carbon credit transactions.