Climefi Structures The First Publicly Announced Transaction For CRCF Carbon Removal Units

The initiative will see Adyen and Nasdaq receive CRCF-aligned carbon removal units from Beccs Stockholm

• ClimeFi has structured the first publicly announced transaction for carbon removal units under the EU Carbon Removal and Carbon Farming (CRCF) framework, as officially recognised by the EU Commission

• The initiative, coordinated by ClimeFi, establishes a buyers' collective including Adyen and Nasdaq that pools due diligence, structuring and project monitoring for CRCF units from BECCS Stockholm

• Corporates using carbon removal CRCF units can counterbalance their unabated emissions based on a high integrity, high-quality methodology that has the potential to become the leading market standard for durable carbon removals

ClimeFi, the leading portfolio manager for durable carbon removals, today shared that it has structured the first publicly announced transaction for carbon removal units aligned with the EU CRCF framework.

This marks a significant milestone in operationalising the EU's carbon removal certification framework and establishing commercial infrastructure for durable carbon removals in Europe. It builds on the world’s first voluntary standard for permanent carbon removals which the EU set by adopting the first set of methodologies under the CRCF in February.

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Project overview

The European-led initiative will see Adyen and Nasdaq receive CRCF-aligned carbon removal units from Beccs Stockholm, a bioenergy with carbon capture and storage (BioCCS) project operated by Stockholm Exergi. Beccs Stockholm has previously received financial support from the EU Innovation Fund, having been selected for how it achieves climate change mitigation combining high efficiency renewable heat and power production with permanent carbon removals.

ClimeFi established the buyers' collective to centralise due diligence, contracting and monitoring, giving buyers of any size access to premium BioCCS carbon removals with standardised, competitive terms. Participants in the buyers' collective include Adyen and Nasdaq. ClimeFi will now monitor the progression of the Beccs Stockholm project through the stages of CRCF certification to issuance and delivery of the units.

The new transaction demonstrates European leadership in carbon removals and showcases BioCCS as a scalable, technologically mature carbon removal pathway within Europe.

Ensuring safe claims

The EU's CRCF framework sets clear rules and creates new opportunities for climate innovation, investments in carbon removal technologies. Corporates using carbon removal CRCF units will be able to strengthen the integrity of their climate action.

As carbon removal markets converge with compliance frameworks, the CRCF anticipates the integration of voluntary corporate climate action with emerging regulatory systems including potential EU ETS integration and evolving corporate net-zero standards.

Paolo Piffaretti, CEO and Co-Founder at ClimeFi said: “From structuring the first Article 6.2 transfers in the carbon removal market last year to coordinating the first publicly announced carbon removal CRCF transaction, we are very proud to be shaping policy at the European level. We hope to remain at the forefront of the CRCF market as it continues to develop.”

Ella Douglas, Global Sustainability Lead at Adyen said: “At Adyen, we focus on initiatives that support catalytic impact in the voluntary carbon removal market. This project does exactly that while also building key market infrastructure in collaboration with the European Commission.”

Anders Egelrud, CEO at Stockholm Exergi said: “This initiative demonstrates the trust that European buyers have in both the Beccs Stockholm project and the CRCF framework for meeting their own climate ambitions. We believe we are well positioned to be among the first permanent CDR projects to have CRCF units issued.”

About ClimeFi.

ClimeFi is the leading portfolio manager for durable carbon removals. The company provides comprehensive intelligence and asset management tools for contracting, purchasing, and managing CDR purchases across all CDR pathways, helping organisations scale their carbon removal efforts to meet climate goals.

About Stockholm Exergi.

Stockholm Exergi is the energy company for the people of Stockholm. Through resource-efficient solutions, we secure the growing region's access to heating, electricity, cooling, and waste services. We provide heat to over 800,000 Stockholm residents, and our 3,000 km district heating network is the backbone of the societal value we create in close cooperation with customers and partners. We are owned by the City of Stockholm and Ankhiale, a consortium of leading European pension funds (APG, PGGM, Alecta, Keva and AXA IM Alts), and have over 800 employees working every day to reduce Stockholm's climate impact. Through Beccs Stockholm, we are driving the realisation of permanent negative emissions.

About Adyen.

Adyen (ADYEN:AMS) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft.

About Nasdaq.

Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying markets, technology, data, and advanced analytics that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.