Impact Transparency & Innovation

"To create positive climate impact through the support of innovation and academic enquiry."

- OxCarbon Mission

OxCarbon is a not-for-profit company, limited by guarantee, established in 2021 and spun-out by Oxford University Innovation.  It seeks to promote innovation in climate impact projects that align with the Oxford Offsetting Principles.

OxCarbon seeks to create confidence in climate impact projects through a principle-driven approach supported by transparency and scrutiny from the academic peer review community.  All surplus revenues generated by OxCarbon are used to support climate research, primarily at The Smith School of Enterprise and the Environment, University of Oxford.

OxCarbon invites the submission of science-based carbon estimation methodologies from project teams and climate intelligence ventures that satisfy the OxCarbon Principles.

Impact

  • Projects must minimise the risk of non-additionality or reversal and seek to avoid creating negative unintended consequences for people and the environment.

  • Projects should maximise carbon storage longevity and ensure that issuance is exclusively carbon removals by 2050

  • Projects must demonstrate a science-based assessment of climate impact in CO2 terms that is verifiable and correctly accounted for.

Transparency

  • Project registration is solely at the discretion of the OxCarbon board who will rely on relevant expert advice from the academic peer-review community.

  • Project developers must submit all relevant supporting data (that is not commercially sensitive) to OxCarbon who will make it freely available to the academic community for research purposes.

Innovation

  • Project methodologies should utilise advances in technology that enhance science-based assessments as soon as it is economic to do so.
  • Project methodologies should be appropriate and relevant to the project scope and practice conservatism where uncertainties exist.

OxCarbon Limited is a spin-out from the University of Oxford

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