Alcove, a New York-based carbon credit management company, has launched a new app for Shopify. This app aims to assist individuals and organizations in managing and selling the carbon credits they earn from projects that reduce or avoid carbon emissions. With over 50 million tons of CO2e inventory on its platform, Alcove’s mission is to bridge the data gaps in the carbon market and promote trust, transparency, and speed for stakeholders across the value chain.
The integration of Alcove’s app with Shopify makes it easier for buyers to purchase carbon removals. By connecting Alcove’s verified inventory with a sales function, buyers can trust the source of the credits and purchase them like any other online product. Developers working on projects often struggle to keep track of their carbon credits and sell them. However, with the collaboration between Alcove and Shopify, this process becomes simpler. Alcove’s platform helps developers better manage their credits by providing forecasting, allocation, and delivery capabilities. Detailed information about these credits is organized and displayed on the platform, allowing users to track when credits were generated and purchased.
Thanks to the Shopify integration, Alcove users can now sell their credits more easily without relying on a separate marketplace. They can set up their own online store and reach a wide range of buyers, making it more convenient to monetize their credits. Mars Gaza, one of the founders and CEOs of Alcove, emphasizes the significance of this development in carbon management, stating, “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.”
Through the Alcove platform, crucial tasks related to managing carbon credits are automated for top project developers. This includes accurate prediction and assignment of carbon credits, fulfilling delivery promises, integrating data from various sources such as sensors and meters, and automating inventory alignment throughout the sales process. Alcove designed this integration to help project developers using their carbon-focused system make the most of Shopify’s commerce platform.
Shopify, a leading ecommerce company, has been supporting carbon removal companies through its Sustainability Fund, investing tens of millions of dollars. As one of the largest purchasers of carbon removal credits, Shopify has generated significant interest in this market within just three years of establishing the fund. This collaboration with Alcove further solidifies Shopify’s commitment to using carbon credits for scalable climate actions. The company will assist Alcove users in various 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 to sell more carbon credits and diversify income sources. Additionally, Shopify ensures that users maintain control over buyers without having to share money and information through third-party marketplaces, and facilitates smoother transactions by handling payments automatically.
Alcove’s new Shopify app revolutionizes carbon credit management by providing project developers with an all-in-one platform to effortlessly sell and manage their carbon credits. This integration not only simplifies sales but also ensures transparency and trust in the carbon credit marketplace.