vocabulary: cloverly
specification: 'API Commons Vocabulary 0.1'
provider: Cloverly
providerId: cloverly
created: '2026-05-24'
modified: '2026-05-24'
description: >
  Domain vocabulary for the Cloverly carbon-offset infrastructure API,
  covering the actor types, business surfaces, units, and standards Cloverly
  intersects with.
tags:
  - Carbon
  - Carbon Offsets
  - Climate
  - Sustainability
  - VCM
terms:
  - term: Carbon Offset
    definition: A tradable certificate representing the reduction or removal of one metric tonne of CO2-equivalent (CO2e) emissions.
  - term: CO2-equivalent (CO2e)
    definition: A standard unit for measuring the warming impact of different greenhouse gases, normalised to carbon dioxide.
  - term: Voluntary Carbon Market (VCM)
    definition: The non-regulated marketplace where organisations and individuals purchase carbon credits to offset emissions on a voluntary basis.
  - term: Estimate
    definition: A Cloverly resource quoting the price and matched offset source for a hypothetical activity without retiring credits.
  - term: Purchase
    definition: A Cloverly resource recording the immediate retirement of a carbon credit against a verified project source.
  - term: Offset Source
    definition: An individual carbon project (e.g. Rimba Raya REDD+) whose credits Cloverly can retire on behalf of API callers.
  - term: Retirement
    definition: The registry-level act of permanently removing a credit from circulation so it cannot be double-counted.
  - term: Serial Number
    definition: The unique identifier issued by the carbon registry for a retired credit; the auditable unit-of-evidence for ESG disclosure.
  - term: Registry
    definition: The standards body that issues and tracks carbon credits — Verra (VCS), Gold Standard, ACR, Climate Action Reserve (CAR), Puro.earth.
  - term: Vintage
    definition: The year in which the underlying emissions reduction or removal occurred.
  - term: Reforestation
    definition: Project type that captures carbon via tree planting on previously deforested land.
  - term: Biochar
    definition: Engineered-removal project type that pyrolises biomass into stable carbon for soil application.
  - term: Direct Air Capture (DAC)
    definition: Engineered-removal technology that pulls CO2 directly from the atmosphere for permanent storage.
  - term: REDD+
    definition: Reducing Emissions from Deforestation and forest Degradation — a UNFCCC framework for forest-carbon credits.
  - term: Catalyst
    definition: Cloverly's commercial software platform for carbon project developers — inventory, pricing, content, payments, omnichannel distribution.
  - term: Climate Impact X (CIX)
    definition: Singapore-based carbon exchange that acquired Cloverly in 2024 and now operates Cloverly as its developer-platform arm.
  - term: Scope 1/2/3
    definition: GHG Protocol emissions classifications — direct (1), purchased energy (2), and value-chain (3) emissions.
  - term: FOCUS
    definition: FinOps Open Cost and Usage Specification — the data spec Cloverly's purchase records align with for cost reporting.
relatedStandards:
  - GHG Protocol Corporate Standard
  - ISO 14064-1
  - SBTi Net-Zero Standard
  - CSRD / ESRS E1 (Climate)
  - CDP Climate Disclosure
  - ICVCM Core Carbon Principles
  - VCMI Claims Code of Practice