Trust and safety
Carbon markets need public confidence to accelerate. Here’s how Patch helps build it.
An iterative approach to managing risk
We’re constantly improving our trust and safety framework so you can be confident your climate action is based on the latest science and leading standards.
Risk: one problem, two parts
Risk that your carbon credit doesn’t deliver on its promise.
Carbon credits have some built-in risk. It’s the job of regulators, governments, and market infrastructure to reduce that risk as much as possible, so buyers can trust that one carbon credit equals one tonne of carbon removed or avoided.
But unlike other transactions, there’s another type of risk carbon markets must hedge against: the risk of inaction. If our civilization doesn’t invest in scaling climate solutions fast enough, we endanger our chances of a livable future.
Risk that we don’t scale climate solutions quickly enough to meet global targets
To mitigate planetary risk, you could accept most or all projects — regardless of red flags.
To mitigate buyer risk, you could raise the bar so high that only a precious few projects meet that standard.
To balance the risks, Patch’s framework optimizes for both risk reduction and access to projects.
Patch has six layers of protection:
How do we balance risk reduction with access? By layering multiple types of protection, Patch can filter out more risk while also enabling more buyers and sellers to engage with the VCM.
Verification and validation:
These requirements ensure every project on the Patch marketplace has had its methodology, project, and outcomes verified by a third party.
Additional eligibility requirements:
Our framework excludes certain project types and measurement approaches based on the latest scientific consensus.
We require suppliers to disclose their role in project development, share the name of the project developer, and confirm that the project aligns to the ICVCM CCPs.
A framework to reduce risk and increase transparency
Read Patch’s full framework for trust and safety, including our complete project acceptance criteria:
- The first principles that guide our approach
- Detailed requirements for project acceptance
- Acceptance criteria checklist for easy reference
- And much more