TERC Redesigns Market-Based Framework, Collaborates With 123Carbon
Announcement brings new capabilities to customers while maintaining market transparency, traceability and integrity
TERC is starting a new collaboration with 123Carbon, an independent platform designed to accelerate decarbonization in transportation and other hard-to-abate sectors, to bring these expanded capabilities to market. The 123Carbon platform will provide the infrastructure supporting the issuance and management of TERCs and their MRV evidentiary data.
The expanded framework enables TERCs to be tethered to their documented attribution records to facilitate automated and high integrity carbon accounting. Eligible participants — including carriers, forwarders and cargo owners — can connect certificate information to specific shipments, creating a traceable record that supports value-chain reporting.
"Companies are looking for credible ways to connect investment in lower-carbon energy with the transportation activity they are working to decarbonize," said
"We are delighted to collaborate with the TERC program as it enters this next stage of development," said
Issuance of TERCs under the expanded framework is expected to begin in
About TERC
TERC is a voluntary, market-based program developed to accelerate investment in lower-carbon solutions. Originally established by Eco-Energy as the Transport Emission Reduction Certificate program, TERC provides a framework for creating, transferring and retiring independently verified environmental attribute certificates associated with eligible lower-carbon energy. Its transportation framework also enables verified certificate information to be attributed to transportation activities through traceable records.
For more information, visit terc-energy.com.
About Eco-Energy
Eco-Energy is a leading clean energy and midstream services company with more than 30 years of experience in the energy industry. The company's core businesses include the marketing, trading, transportation and logistics of ethanol and natural gas across
For more information, visit eco-energy.com.
About 123Carbon
123Carbon is an independent platform designed to accelerate decarbonization in transportation and other hard-to-abate sectors through market-based instruments. Developed collaboratively with industry participants, the 123Carbon platform supports the verification, issuance and management of environmental attribute certificates and the attribution of verified certificate information across value chains.
The platform supports multiple modes of transport, including road, sea, air, rail and barge, as well as hard-to-abate industries such as steel, cement, concrete and chemicals. Its infrastructure enables verified information associated with lower-carbon solutions to be attributed to downstream supply-chain participants through chain-of-custody models, including book-and-claim.
123Carbon's platform is designed to provide transparency, traceability, and independent verification while helping organizations connect investment in lower-carbon solutions with their decarbonization strategies.
For more information, visit 123Carbon.com.
Media Contacts
TERC / Eco-Energy
[email protected]
[email protected]
123Carbon
[email protected]
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SOURCE Eco-Energy
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