Interview With Magnus Drewelies, Founder Of Carbon-Credit Procurement Platform Ceezer

When did you found Ceezer, and what’s the story behind it? What was your initial inspiration?in October 2021, the idea, however, goes way back. I got to know the voluntary market in 2015 on a field trip to Madagascar. Working with a mangrove project there, I experienced real scientific rigor that didn’t match what I knew about carbon offsets. There was drive behind what people were doing and I was astonished by the amount of data that was collected before credits could even be issued.

Today this is even more critical. Understanding what a credit is issued for is more complex because the range of project types and certifiable technologies kept growing since then. Now, there is real removal available that comes with a completely different kind of impact, but also at a completely different price point. Companies need to understand why to pay $700 for a ton of negative emissions and how to deal with the constraint removal supply we still see for the years to come.

Could you explain the Ceezer service to our readers, and how it’s different from other carbon credit companies? We currently observe an average removal share of 20% across portfolios managed on CEEZER. This is significantly higher as compared to the numbers we see in the general market. The average cost per credit is above the 50 $/t range, significantly higher than the market average. Some credits are traded at over $450 per ton.

Already, we decrease the overall cost for many credits by making hidden fees and arbitrage obsolete. This effect is highest for traditional offsets where we found that arbitrage can still be in the 300% range. In the removal space, where sales currently work more often via direct offtake agreements and higher prices generally allow for less margin, we work closely with developers to drive prices down.

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