Alcove, a New York-based carbon credit management company, launches a new app for Shopify. This app helps people who create projects to reduce or avoid carbon emissions. They can use the app to manage and sell the credits they earn from these projects.
Alcove has over 50 million tons of CO2e inventory on its platform. Its application for Shopify unlocks fully-integrated and sales capabilities to scale carbon credits.
Alcove’s mission is to bridge the carbon market’s most difficult data gaps. It brings powerful carbon specificity and guardrails to build trust, transparency, and speed for stakeholders across the value chain.
Carbon Credit Sales Made Simple
The integration makes it easier for buyers to purchase carbon removals. It connects Alcove’s checked inventory with a sales function. This way, buyers can trust where the credits come from and easily buy them like any other online purchase.
Developers working on projects often find it hard to keep track of their carbon credits and sell them. But now, with Alcove and Shopify working together, it’s simpler.
Alcove’s platform helps developers manage their credits better. They can forecast, allocate, and deliver credits more easily.
Plus, they get detailed info about these credits, which is then organized and shown on the platform. This helps to keep track of when credits were made and bought.
Thanks to the Shopify integration, Alcove users can sell their credits more easily. They don’t need to rely on a separate marketplace. They can set up their own online store and reach different kinds of buyers, making it easier to earn money from their credits.
One of the founders and CEOs of Alcove, Mars Gaza, highlights the importance of this development in carbon management, saying:
“With the release of the Alcove application for Shopify, project developers using the Alcove inventory management platform are able to seamlessly integrate the full capabilities of Shopify to manage, promote, and sell their credits directly to new buyer segments.”
Streamlining Carbon Management
Through the Alcove platform, important tasks for managing carbon credits become automated for top project developers. This includes accurately predicting and assigning carbon credits, fulfilling delivery promises, integrating data from various sources like sensors and meters, and automating inventory alignment throughout the sales process.
Alcove designed this integration to help project developers using their carbon-focused system to make the most of Shopify’s commerce platform.
The leading ecommerce company has been supporting carbon removal companies with tens of millions of investment through its Sustainability Fund. It’s one of the largest carbon removal credits purchasers to date, particularly prioritizing startups offering new carbon removal approaches.
Within three years of the Fund’s establishment, Shopify has generated interest in carbon removal where there wasn’t any previously. More buyers are now interested in this market.
Additionally, carbon removal companies have expanded their growth with financial support from Shopify. They’ve significantly increased their ability to remove carbon, up to 80x more, and expanded their customer base by 40x.
Shopify’s latest collaboration with Alcove cements its commitment to using carbon credits for scalable climate actions.
The company will assist Alcove users in several ways, including:
- Organizing commercial processes specifically for carbon-related activities.
- Simplifying the buying experience for carbon removal.
- Creating personalized online shops and finding new buyers, whether they are big companies or small businesses, to sell more carbon credits and make income from different sources.
- Maintaining control over buyers without having to share money and information through third-party marketplaces.
- Making transactions smoother by handling payments automatically through Shopify.
Alcove’s new Shopify app revolutionizes carbon credit management, providing project developers with an all-in-one platform to sell and manage their carbon credits effortlessly. This integration not only simplifies sales but also ensures transparency and trust in the carbon credit marketplace.
