New Frontier Markets (NFM), a climate technology firm focused on improving transparency and efficiency in the voluntary carbon offset market, announced a partnership with OPIS, a Dow Jones company and a leading provider of energy and commodity pricing information. This collaboration aims to deliver transparent carbon market price indications directly to buyers and project developers on NFM’s marketplace, with a focus on engineered carbon credits such as carbon capture, utilisation, and sequestration (CCUS), direct air capture, and methane abatement.
Through the partnership, OPIS will develop carbon credit benchmarks and provide market intelligence to improve price transparency for carbon credits generated from engineered carbon reduction technologies. This collaboration will enhance price accuracy, support fair-value trading, and offer market confidence for carbon offset transactions. As many carbon projects face challenges in reaching final investment decisions due to existing incentives, the partnership seeks to strengthen price signals and accelerate the development of crucial carbon reduction initiatives.
NFM recently launched its voluntary carbon marketplace, accessible at https://nfm.exchange/, which connects buyers with high-quality carbon project developers and offers a seamless platform for carbon offset transactions. Leveraging its network and expertise from its affiliation with Frontier Carbon Solutions, a key player in the CCUS sector and a portfolio company of Tailwater Capital, NFM aims to streamline the carbon market.
“Through our alliance with OPIS, we are poised to revolutionize the carbon offset market and introduce a new era of transparency and accessibility for offset buyers and project developers,” said Steven Lowenthal, Co-Chief Executive Officer and President of NFM.
He added, “New Frontier Markets is committed to bridging the gap between market data and carbon offsetting, enabling a more informed, sustainable, and resilient global economy. We recognize the critical role CCUS and other engineered technologies play in achieving our climate goals, and this partnership enhances our ability to support these vital projects. By empowering individuals and organizations to make informed decisions, we are paving the way for a greener, more sustainable world for all.”
Brian Crotty, Executive Vice President and General Manager of Dow Jones Energy said, “Price transparency and clear price benchmarks are key to driving efficiency in carbon markets. OPIS’s collaboration with New Frontier Markets exemplifies our commitment to fair pricing in the transition to a sustainable future.”
The NFM marketplace was developed on the Shopify platform, with support from Unicsoft, a leading blockchain-based software development company. Shopify enables inventory management, payments, and order fulfillment for carbon credit suppliers. Companies that already use Shopify to sell carbon credits can easily integrate with NFM as a new sales channel to generate demand.
David Vranicar, Sustainability Operations Lead at Shopify said, “Shopify is a company that champions entrepreneurs of all kinds, and we are passionate about using commerce to scale climate tech. We are thrilled to be supporting New Frontier Markets to do exactly that and believe that our platform can dramatically improve the buying and selling process, further accelerating demand for high-quality carbon credits.”