The New Nasdaq Issuance Calendar Advances Transparency in the Carbon Removal Market

Key Takeaways

• The Nasdaq Carbon Issuance Calendar, a new data platform, provides carbon removal buyers and suppliers with standardized information on future offtake availability, indicative pricing, and project maturity. The platform was developed in collaboration with Relae, formerly Carbon Direct.

• The Carbon Issuance Calendar addresses the fragmentation and transparency problems of the voluntary carbon market by centralizing standardized project data and embedding our scientific diligence framework, built over 900 project reviews, giving buyers delivery-risk insight that no registry or marketplace offers today.

• The Carbon Issuance Calendar is an important early step, not the whole journey: it shows buyers what durable tonnes exist and allows them to compare projects with apples-to-apples data. 

• Buyers can move from the Carbon Issuance Calendar into technical diligence, contracting, and project assurance with Relae’s advisory team. Suppliers can register to connect with buyers who are ready to engage.

Carbon Removal Project Data Has a Visibility Problem

If you're sourcing durable carbon removal credits, you may run into a familiar wall: project data scattered across dozens of developer websites, presented in inconsistent formats, with no easy way to compare one project against another. If you're a project developer, you face the mirror image of that problem: fielding individual requests for proposals, with no central place to showcase your available tonnes.

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Get this wrong, and buyers may end up counting on carbon removal that never shows up - the delivery risk bugbear.

Between 2022 and 2024, high-durability engineered carbon removal made up just 2 percent of all carbon credit issuances. They remain in short supply, particularly the high-quality supply corporate buyers need. The gap is set to widen: our 2026 State of the Voluntary Carbon Market report found that more than 80% of the 2030 high-durability carbon removal projects are at risk of stalling and failing without additional offtake and financing commitments.

The Nasdaq Carbon Issuance Calendar, developed by Nasdaq in collaboration with Relae, offers an important first step toward addressing this information gap.

What Is the Nasdaq Carbon Issuance Calendar?

The Carbon Issuance Calendar is a centralized, accessible dashboard where carbon removal buyers and suppliers view standardized project data: future credit availability, indicative pricing, and project delivery status, all in one place.

The Nasdaq Carbon Issuance Calendar combines structured, developer-provided project data with project maturity assessment informed by Relae’s assessment framework and technical diligence. This helps users understand future CDR availability, indicative pricing, and potential project delivery risk through a single platform.

This expertise didn't appear overnight. It comes from sitting across the table with developers, stress-testing their science, mapping their delivery timelines against reality, and helping them show up to buyers as credible partners. The result is a track record that gives the framework embedded in the Carbon Issuance Calendar its depth. It's a starting point, built for buyers and suppliers to find each other on the basis of consistent, comparable information, using international class financial and information infrastructure.

How Buyers Should Use the Nasdaq Carbon Issuance Calendar

Today, if you're trying to procure durable carbon removal credits, you have no single place to start. You have to visit individual developer sites, request information through scattered channels, and compare projects that present data in entirely different formats before diligence has even begun. In many cases, you are comparing apples to oranges - different kinds of CDR projects with different durabilities, risks, and overall quality.

The Carbon Issuance Calendar provides a central starting point. You can view future credit availability, compare indicative pricing across projects, and begin assessing options without contacting each supplier one by one.

More importantly, the Carbon Issuance Calendar frames the data. Our scientists developed a delivery-oriented lens, built from reviewing over 900 carbon removal projects, drawing on the same rigor behind our Criteria for High-Quality Carbon Dioxide Removal, which we develop annually with Microsoft.

How Suppliers Reach Buyers Through the Carbon Issuance Calendar

If you're a project developer, the Nasdaq Carbon Issuance Calendar tackles visibility, one of the most persistent barriers to market access. You can list available tonnes, display indicative pricing, and reach a global audience of corporate and financial buyers at no cost.

The timing matters. Many first-of-a-kind engineered carbon removal projects are preparing to break ground and need bankable offtake agreements to secure financing before they can do so (a key aspect of CDR 2.0). Our analysis of approximately 140 high-durability carbon removal project developers found scale-up plans for 30 million tonnes of supply per year. Reaching that potential will take real demand: committed forward offtake, increased project equity investment, and access to lending.

Register now: you'll be positioned to connect to buyers actively looking to engage.

How Does the Carbon Issuance Calendar Differ From a Carbon Credit Registry or Carbon Removal Marketplace?

The Carbon Issuance Calendar solves a distinct, early-stage problem. It gives buyers and suppliers a centralized place to find each other and compare options against standardized information, something neither a registry nor a marketplace is built to do.

For a closer look at how registries differ and what you should weigh when navigating them, read our Navigating Carbon Credit Registries report.

Scientific Diligence Turns Visibility Into Confidence

Standardized data tells you what exists. Scientific diligence tells you what's worth pursuing.

Relae’s scientists do that work every day. Our experts apply rigorous pathway-specific criteria to live projects, evaluating delivery risk and status, and identifying where questions remain is the core of what we bring to the carbon removal market.

The Carbon Issuance Calendar puts an accessible version of that expertise at the top of the procurement funnel. It’s for everyone in the market - you don't need to be a carbon removal scientist to use it. This snapshot allows you to compare projects against each other, giving you a meaningful starting point before deeper diligence begins.

Want to go deeper on a specific project? Relae’s technical diligence team picks up right where the Carbon Issuance Calendar leaves off.

What Carbon Removal Projects Are on the Carbon Issuance Calendar Today?

The Carbon Issuance Calendar currently features engineered and hybrid carbon removal projects: direct air capture, biochar, enhanced rock weathering, and bioenergy with carbon capture and storage. These high-durability pathways offer permanence on the order of hundreds to thousands of years.

Many of these projects are at an inflection point: they’re ready to scale but dependent on committed offtake to unlock financing. The Calendar serves their needs, and the buyer’s needs, together.

Nature-based carbon removals have their own criteria and market dynamics. They may appear in a separate segment of the Carbon Issuance Calendar down the line.

From the Carbon Issuance Calendar to Completed Carbon Removal Procurement

If you're building or refining a carbon removal procurement strategy, the Carbon Issuance Calendar is the right place to start.

From there, you can choose to work with the Relae advisory team to support every later stage: technical diligence on specific projects, contracting and negotiation support, ongoing project assurance, and access to curated carbon credit sourcing. The Carbon Issuance Calendar surfaces the market; we help you navigate it, connecting you with the right developers, on the right terms, with the scientific confidence to move forward.

Moving from commitment to delivery takes structural change across the market, too—our CDR 2.0 white paper lays out the five pillars we see as essential to getting engineered and hybrid carbon removal projects built and delivering.

Carbon Removal

Relae helps carbon removal buyers, investors, suppliers, and project developers navigate a complex market shaped by evolving science, quality standards, delivery risk, and claims expectations. We combine carbon removal strategy, project-level diligence, and market intelligence informed by work with leading buyers and project developers to help you assess quality, build diversified portfolios, and scale high-integrity carbon removal.