What Karbon-X does

Karbon-X Corp. is a Calgary-headquartered, OTCQB-listed (ticker KARX) carbon infrastructure company that trades, sources, and develops verified carbon credits and energy attribute certificates across both compliance and voluntary carbon markets. Founded in 2017 by Chad Clovis after he sold a trucking business frustrated by the difficulty of sourcing credible credits, the company has assembled a vertically integrated platform spanning project origination (via subsidiary ALLCOT and indigenous partnerships including Askiy Karbon), proprietary digital monitoring (Mercury platform), consumer and enterprise emissions calculation tools (Corporate Emissions Calculator, Flight Emissions Calculator, SkyXero mobile app), and compliance service delivery for Canadian provincial and federal carbon pricing systems (Alberta TIER, Federal OBPS, BC OBPS) and the EU ETS covering maritime, aviation, and industrial operators.

The business operates three primary revenue streams: transaction-based trading of carbon credits and EACs (RECs, I-RECs, GoOs, REGOs, LGCs) across 50+ countries with integrated registry connectivity to all major tracking systems; subscription-based consumer and SMB offset programs (Individual, Partner, Family, and Business plans at 8-16 tonnes CO2e per month plus sports-partnership-embedded micro-contributions through flagship deals with the Edmonton Oilers, Detroit Red Wings, Detroit Tigers, Hockey Canada, BK Dukes, Banff Marathon, and Melissa's Road Race); and managed compliance services including EUA procurement strategy, MRV reporting, and registry coordination. The company's project portfolio includes blue carbon (Senegal mangroves under Verra VM0033), REDD+ (Sur del Meta in Colombia covering 40,637 hectares), renewable energy (India, Africa, China), and cookstoves initiatives.

For the nine months ended February 28, 2026, Karbon-X reported $60.8 million in revenue, a 3,872% increase from $1.5 million in the prior-year period, alongside $35.7 million in Q1 FY2026 record revenue. Up to $25 million in strategic financing was secured in January 2026 to support global expansion. Operations span four continents across North America, Europe, Asia, Africa, and Latin America, with a go-to-market combining direct e-commerce, enterprise field sales for compliance clients, and channel partnerships through sports properties.

Name

Karbon-X

Legal name

Karbon-X Corp

Website

https://karbon-x.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Karbon-X is a Calgary-headquartered carbon infrastructure company that trades, sources, and develops verified carbon credits and energy attribute certificates. It serves regulated industrial entities (Canadian OBPS/TIER, EU ETS), corporate renewable energy buyers, and individual consumers through subscription offset plans, sports partnerships, and digital emissions tools.

Ownership category

akta.pro rank

Product category

Carbon Credit Trading Platform

akta.pro primary industry

Carbon Credit Brokerage & Trading (Spot, Forward, Structured Products) (EUABADAB)

akta.pro secondary industries

Carbon Offtake Structuring & Contracting (ERPA, Long-term Offtakes, Price Floors) (EUABADAE), Carbon Credit Brokerage & Intermediation (Voice/Electronic) (EUAGAIAD), Carbon Accounting, Verification & Registry Services (MRV, Audits, Certification) (IMAMAJAE)

Keywords

• Carbon credit trading
• Carbon compliance services
• Energy attribute certificates
• Emissions tracking software
• Voluntary carbon markets

Headquarters

HQ city

Bellaire

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Carbon Credit Trading: Trading and sourcing of carbon credits across voluntary and compliance markets. Revenue derived from transaction fees and margin on credit purchases and sales across standards including VCS, Gold Standard, ACR, and REDD+. Q3 FY2026 revenue of $60.8 million represents 3,872% increase from prior year.
2. Subscription Carbon Offset Programs: Monthly subscription plans for individuals (8 tonnes), partners (12 tonnes), families (16 tonnes), and businesses (9 tonnes/employee) to offset personal carbon footprints through recurring credit purchases and retirement.
3. Energy Attribute Certificate Services: Procurement, trading, and brokerage services for EACs including RECs, I-RECs, GoOs, REGOs, LGCs, GECs, and TIGRs. Revenue from structured transaction execution and market access fees.
4. Canadian Carbon Compliance Services: Full-cycle compliance support for regulated entities under Alberta TIER, Federal OBPS, and BC OBPS including emissions tracking, exposure modeling, structured credit procurement, and registry coordination.
5. EU ETS Compliance Solutions: EUA procurement strategy, MRV reporting support, and compliance execution for maritime, aviation, and industrial operators. Revenue from consulting fees and procurement facilitation.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels6 records

Core offering

Karbon-X operates an end-to-end carbon infrastructure platform that trades and sources verified carbon credits and Energy Attribute Certificates across voluntary and compliance markets. It delivers regulated-market compliance services (Alberta TIER, Federal OBPS, BC OBPS, EU ETS) to industrial and corporate buyers while also providing consumer-facing subscription offset plans and one-time credit purchases through its website and mobile apps.

Product overview

Karbon-X operates as a carbon infrastructure company offering a platform of climate solutions spanning compliance and voluntary carbon markets. The core offering consists of carbon credit marketplace services through the Karbon-X App and web platform, supported by digital tools including Flight Emissions Calculator, Business Emissions Calculator, and Corporate Emissions Calculator. The company provides compliance services for EU ETS, Canadian carbon markets (TIER, OBPS), and Energy Attribute Certificates. Digital platforms include the internally-developed Mercury monitoring platform. The product portfolio also includes consumer subscription plans (Individual, Partner, Family) for ongoing lifestyle emissions offsetting.

Differentiator

Problem solved

Functional benefit

Brands

• Askiy Karbon: Indigenous partner using advanced technology to calculate carbon footprints, created through partnership with The Métis Settlements Development Corporation and Âsokan Generational Developments.
• SkyXero
• Mercury

Products and services

• Karbon-X App Mobile application enabling users to offset personal or business carbon footprints through paid subscription Carbon Offset Programs. Users select individual (8 tonnes), partner (12 tonnes), family (16 tonnes), or business (9 tonnes/employee) plans and receive non-transferable Karbon-X badges after 90 days of supporting verified projects.
• Carbon Credit Purchase One-time purchase platform allowing individuals and businesses to buy verified carbon credits by entering the carbon amount in metric tonnes. Supports climate projects certified under Verra, Gold Standard, and other standards, priced in CAD per tonne.
• Individual/Couple/Family Subscription Plans Monthly subscription plans offsetting 8 tonnes (individual), 12 tonnes (partner), or 16 tonnes (family) of CO2e covering home energy, transportation, food, and consumption emissions, with pricing tailored to location and household income.
• Energy Attribute Certificates (EACs) Platform for trading and sourcing Energy Attribute Certificates including RECs, I-RECs, Guarantees of Origin, REGOs, LGCs, GECs, and TIGRs across 70+ countries, supporting procurement strategy, RPS compliance, Scope 2 reporting, and registry management for corporates, utilities, and regulated entities.
• EU ETS Compliance Solutions Compliance services for maritime, aviation, and industrial sectors covering emissions tracking, EUA procurement strategy, MRV reporting support, and Maritime Operator Holding Account setup for entities subject to EU ETS surrender timelines and regulatory alignment.
• Canadian Compliance Services Compliance support across Alberta TIER, Federal OBPS, and BC OBPS covering emissions tracking, exposure modeling, structured credit procurement, and retirement coordination for regulated industrial facilities including oil and gas, power generation, manufacturing, mining, and cement.

Quantifiable outcome

• 3,872% revenue growth to $60.8 million in nine months ended February 2026
• +3 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

15 partnerships are on record, tiered minor, core and flagship.

• Evertrak LLCminorStrategic or Co-development Partner · 19 May 2026Letter of Intent to explore developing Verra-aligned Plastic Waste Reduction Credits for approximately 200,000 composite railroad ties made from recycled plastic. Karbon-X would serve as exclusive project developer during evaluation phase supporting feasibility analysis and commercialization.
• Fundación BioHerenciacoreStrategic or Co-development Partner · 30 April 2026Strategic partnership to embed biodiversity conservation within the Sur del Meta REDD+ project in Colombia. Establishes technical framework to integrate ecological monitoring data from Harpy Eagle Nature Reserve into MRV systems, supporting forest conservation and carbon outcomes.
• carbon-connect AGcoreTechnology or Integration · 7 April 2026Strategic partnership with Switzerland-based greenhouse gas accounting firm to expand Karbon-X's enterprise climate platform. Collaboration enhances emissions measurement, decarbonization, and reporting capabilities.
• Detroit Red WingsflagshipGTM or Marketing Partner · 1 April 2026Multi-year sustainability partnership making Karbon-X the official sustainability partner for the NHL team. Includes verified GHG reporting, fan engagement initiatives, and carbon credit purchases to support environmental goals at Little Caesars Arena. Game night and series pass options available.
• Detroit TigersflagshipGTM or Marketing Partner · 1 April 2026Multi-year sustainability partnership making Karbon-X the official sustainability partner for the MLB team. Includes verified GHG reporting, fan engagement initiatives, and carbon credit purchases to support environmental goals at Comerica Park. Game day and summer series pass options available.
• Edmonton OilersflagshipGTM or Marketing Partner · 1 April 2024Multi-year sustainability partnership supporting verified climate projects connected to arena operations. Partnership has recovered and repurposed cooling systems in hockey arenas across North America, reducing over 35,000 tonnes of emissions. Includes fan engagement through game-day impact options at Rogers Place.
• Hockey CanadacoreGTM or Marketing PartnerOfficial sustainability partner providing optional sustainability contribution during Hockey Canada registration supporting verified Canadian climate projects. Allows families to contribute to climate action as part of the registration process.
• Banff Half MarathoncoreGTM or Marketing PartnerClimate action partnership for the Banff Half Marathon helping runners reduce environmental impact. Over 1,500 verified carbon credits retired to balance race footprint. First Canadian sporting event to sign onto UNFCCC Sports for Climate Action pledge.
• Melissa's Road RaceminorGTM or Marketing PartnerClimate partnership enabling Melissa's Road Race participants to contribute to certified environmental projects based on travel emissions with location-based contribution packages.
• BK DukescoreGTM or Marketing PartnerOfficial name sponsor of the BK Karbon-X Dukes basketball team. Every game ticket includes €2 climate contribution. Subscription packages available for fans wanting to expand personal climate action beyond game day.
• ALLCOTcoreStrategic or Co-development PartnerSubsidiary of Karbon-X implementing the Sur del Meta REDD+ project in Colombia's Meta region. Project covers 40,637 hectares and aims to reduce over 3.7 million tonnes CO2e, integrating community-led governance and biodiversity monitoring.
• Woodside EnergyminorStrategic or Co-development PartnerPartner in Senegal ABC Mangrove Project developed with Allcot and Woodside Energy. Project planted over 2,082 hectares of mangroves using natural propagules in 2025 planting season. Certification under environmental standards underway.
• SCB GroupminorStrategic or Co-development PartnerProject development partner referenced in multiple carbon credit projects including cookstoves initiatives in Nepal and wind power projects in India and Africa.
• Askiy Karbon LtdcoreStrategic or Co-development PartnerIndigenous partnership with The Métis Settlements Development Corporation and Âsokan Generational Developments. Uses advanced technology to calculate carbon footprints with precision, aligning indigenous values and wisdom with climate action strategies.
• The Métis Settlements Development CorporationcoreStrategic or Co-development PartnerPartnership through Askiy Karbon Ltd for indigenous-led carbon calculation and project development services bringing community-focused climate solutions.

Scale indicators19 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• South Pole: Global carbon credit developer and broker offering project development, advisory, and offset sales across voluntary and compliance markets. Directly comparable to Karbon-X's integrated brokerage plus project development model.
• Carbon Growth Partners: Independent carbon credit broker and advisory focused on compliance and voluntary market transactions for corporates and project developers. Closely comparable trading desk and brokerage function to Karbon-X.
• Climate Partner: Carbon offset provider combining project development, climate strategy consulting, and a digital offset platform for corporates and consumers. Overlaps directly with Karbon-X's voluntary and B2B/B2C offerings.
• Terrapass: Carbon offset retailer offering verified credits and footprint calculators to individuals and businesses. Comparable B2B/B2C subscription-style offset model to Karbon-X's Individual/Partner/Family plans.
• Patch (now part of Rubicon Carbon): API-first carbon credit marketplace serving both consumer apps and enterprise buyers with high-integrity credits. Closely comparable to Karbon-X's digital-first B2B/B2C carbon credit platform.
• 3Degrees: Renewable Energy Certificate (REC) and EAC broker serving corporate Scope 2 and RPS compliance buyers. Directly comparable to Karbon-X's EAC trading desk across RECs, I-RECs, and GoOs.

Broad incumbents

• Verra: Operator of the VCS program and Verra Registry that underpins a large share of voluntary carbon credits globally. Adjacent incumbent whose standards shape the supply Karbon-X sources and retires.
• Climate Impact X: Singapore-based carbon exchange and marketplace backed by DBS, SGX, Standard Chartered, and Temasek. Comparable to Karbon-X's trading and brokerage role but at greater scale and exchange infrastructure.

Emerging players

• Pachama: Tech-forward carbon credit marketplace using satellite data and ML for forest credit verification. Comparable to Karbon-X's digital marketplace strategy and forest/nature-based project focus.
• Cloverly: Carbon credit API platform for ecommerce and enterprise with focus on high-quality, verified offsets. Comparable to Karbon-X's digital calculator and offset purchase integrations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/karbonxofficial
• YouTubeyoutube.com/@karbonxofficial
• Facebookfacebook.com/KXoffsetters
• LinkedInlinkedin.com/company/karbon-x
• Instagraminstagram.com/karbonxofficial

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Karbon-X