This acquisition signifies a major step in the ongoing consolidation within the carbon market. With this move, Changeblock aims to become a key player in global sustainability efforts, projecting to transact 65 million tonnes of carbon by 2050. The company has established one of the most transparent marketplaces to date and has already raised over $6.2 million in shares, with expectations to increase this to $350 million, positioning it as the fastest-growing ecosystem for carbon credit origination and trading in Europe.

This acquisition will integrate hundreds of millions of dollars in global carbon market value, marking a pivotal moment for the carbon credits industry and advancing global environmental sustainability. It represents a significant investment in British talent and technology, elevating the UK's role in carbon capture, carbon markets, and clean technology. This move not only fosters hope for a greener future but also highlights the UK's influence in shaping the global carbon market.

Changeblock is committed to transforming carbon markets with its unique features. As the first carbon marketplace to provide real-time end-to-end data on carbon removal projects, it utilises data science and insights from the biochemical sector. Blockchain technology ensures unalterable records, eliminating greenwashing and fostering trust in carbon removal initiatives. With the acquisition of JustCarbon, Changeblock will expand its portfolio to include gigatonne-scale blue carbon projects such as Seafields. This addition complements Changeblock's existing projects, including innovative initiatives like recycling pioneer FusionOne, the world's first end-of-life plastics offset, further solidifying its leadership in the industry.

Billy Richards, Changeblock Founder and CEO, said: “There is a huge demand for reliable solutions that support carbon offsetting and contribute to a robust and transparent carbon market. This deal brings a new level of data monitoring, reporting and validation, making ours the most transparent carbon marketplace ever.”

Billy Richards continued to say: "It aligns perfectly with our vision of creating a simple, transparent, and accessible carbon market for everyone. Having developed our own carbon removal project, Changeblock stands out as the only marketplace with end-to-end data ownership. Combining Changeblock's comprehensive data and technological prowess with JustCarbon's large-scale carbon removal projects, we are well-positioned to stimulate greater investment in transformative, planet-saving solutions. This synergy facilitates gigaton-scale carbon removal and offers investors enhanced visibility and opportunities in this rapidly expanding market.”

JustCarbon CEO, Gavin Anderson said: “This is the start of market consolidation. JustCarbon becoming part of the Changeblock portfolio creates a real step up in transparency and accessibility to the carbon market. No carbon credit should be sold without full transparency and accountability, this is what this acquisition will bring and what the carbon market needs.”