ZETA · Zero Emissions Traders Alliance
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ZETA
ZETA
ZERO EMISSIONS TRADERS ALLIANCE
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Energy trading gets a new product set. The rules are being written now.

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Enquire about membership The idea in 60 seconds
{{ frameIx }} / 07 · THE CORRIDOR, WORKING
STANDARDISED
One set of rules
Ninety-five documents, drafted in the open and put out for comment before anything is fixed.
DIGITISED
Proof that moves like data
Every unit carries the hour it was made and the evidence behind it, so a buyer can check rather than trust.
DIVERSIFIED
Molecules and electrons
Hydrogen, ammonia, methanol, e-fuels and power, on the same rules and the same record.
TRUSTED
Failures stay visible
When evidence does not hold up the unit is void on the record, with the reason attached. Nothing is quietly deleted.
01 · GENERATION
Gulf sun, at scale
The cheapest new electricity on earth, built for export rather than the local grid.
02 · CONVERSION
Into molecules
Hydrogen and ammonia, because electrons cannot be shipped and molecules can.
03 · EXPORT
Loaded and gone
Terminals financed now, ahead of any market that can price what leaves them.
04 · ARRIVAL
The proof stays behind
The cargo travels. The evidence of what made it clean does not travel with it.
01 THE IDEA THE FUEL, AND THE PROOF IT IS CLEAN
A clean cargo is two things. Today they are sold as one.
THE FUEL

The molecule itself

A buyer, a ship, a delivery date and a price. This part of the market already works.
THE CLEAN PART

The proof it is clean

What regulators tax, what buyers pay extra for, what banks demand. It has no market of its own.
SEPARATE THEM
The clean part becomes tradable on its own, priced, financed and settled independently of the plant that made it or the ship that carried it. That is the market ZETA exists to create.
02 WHY NOW THE DEADLINES ARE ALREADY IN LAW
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DAYS
COUNTED, NOT PRICED
until hydrogen must be matched to clean power hour by hour to count as renewable in Europe.
Most of this market cannot yet prove the year. CBAM is already charging importers for embedded emissions, and applies an expensive default when the real figure cannot be evidenced.
03 WHAT WE ARE BUILDING THREE STAGES, NONE OF THEM FINISHED
Three things, at three stages.
IN CONSULTATION
The standards
What counts as clean, how it is proved, and the contracts to trade it. Ninety-five documents, drafted and cross-referenced. Members are reading them and telling us what is wrong.
IN BUILD
The registry
Where the clean part of a cargo is issued, owned, transferred and retired, so one unit can only ever be claimed once, by one company, for one year.
IN DESIGN
The exchange
Where it is bought and sold, so a price exists that a producer can bank against and a buyer can budget for. Rules drafted; ownership being settled.
FOUNDING MEMBERSHIP THE RULES ARE BEING WRITTEN NOW
A seat while it can still be changed.
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NEXT CONVENING

Roundtable 10

Nine have been held. Nobody is charged at the door, and there is no cap on how many people you send. Members set the agenda.
Enquire about membership See how roundtables work
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IN CONSULTATION

The standards

Rules that say what counts as clean, how it is evidenced, and how it is bought and sold, written in the forms this industry already uses, so a trader or their counsel opens them and knows where everything is.
RIGHT NOW Ninety-five documents, drafted and cross-referenced. Members are reading them and telling us what is wrong before anything is fixed.
IN BUILD

The registry

A record of who owns the clean part of a cargo. Only a registry can guarantee that one unit is claimed once, because only a registry can see every unit at once.
RIGHT NOW Being designed with the companies that will use it, so it fits how they actually work rather than how it would be convenient to assume they work.
IN DESIGN

The exchange

Somewhere to buy and sell it, so a price exists. Without one, the clean part stays a private negotiation between two parties who each keep their own books.
RIGHT NOW Trading and auction rules are drafted. Structure, ownership and governance are being settled deliberately rather than arrived at by accident.
01 WHAT IT COVERS FOUR CARRIERS, ONE RULEBOOK
Every carrier that can hold clean value.
The rules are written once and applied per carrier, so a hydrogen certificate and an ammonia certificate are the same instrument with different contents, and a benchmark can group them honestly.
H2 USD/KG
HYDROGEN
NH3 USD/T
AMMONIA
CH3OH USD/T
METHANOL
SAF USD/T
AVIATION FUEL
e-DSL USD/T
E-DIESEL
LCO2 USD/T
LIQUEFIED CO₂
FORMULA AND DELIVERY BASIS ONLY. NEVER A CURRENCY SYMBOL. ZETA TAKES NO POSITION ON PRICE.
THREE CARGOES, THREE FATES, ONE RULEBOOK
SHIPPED
Moved as a molecule
Hydrogen and ammonia travel by sea. The attribute has to travel with the cargo, or it does not arrive at all.
BURNED
Consumed on delivery
e-SAF is gone the moment it is used. The evidence has to exist before the wing is filled, not after.
EMBEDDED
Built into a good
Steel and aluminium carry their emissions into the product, and across the border with it.
AND EVERY ASSET BEHIND THEM
SOLAR
WIND
STORAGE
ELECTROLYSER
PIPELINE
TRANSMISSION
TERMINAL
SHIPPING
PHYSICAL ASSETS ONLY. IF IT CAN BE BUILT, PERMITTED OR METERED, IT BELONGS HERE.
02 THE ARTEFACT THE RECORD THE MARKET TURNS ON
This is the thing that gets traded.
Not the cargo and not a PDF attached to it. A record with a life of its own: issued once, owned by one party at a time, retired against one claim, and checkable by anyone without asking us.
ZETA
ZERO EMISSIONS TRADERS ALLIANCE
ZERO EMISSION ATTRIBUTE CERTIFICATE
SPECIMEN ACTIVE
CERTIFICATE IDENTIFIER
ZEAC·AE·2026·H2·0000 8842
PRODUCT
Renewable hydrogen
CN 2804 10 00
QUANTITY
1.000 t
ONE CERTIFICATE, ONE TONNE
PATHWAY
Electrolysis
PWY·ELY·PEM
PRODUCTION INTERVAL
14 May 2026, 09:00–10:00
UTC · PT1H RESOLUTION
FACILITY
Registered installation
FAC·AE·0117
TEMPORAL TIER
Tier 2 · hourly
MATCHED IN THE HOUR CLAIMED
WHAT THIS RECORD IS, AND IS NOT
LAYER 01
The hydrogen itself
LAYER 02
Its clean quality
LAYER 03
This certificate
LAYER 04
The contract
The certificate evidences the clean quality. It is not the hydrogen, and it is not the contract that sells either of them.
LIFECYCLE · EVERY EVENT KEPT, NOTHING OVERWRITTEN t CO₂e
05 JUN ISSUED 1 000
22 JUN RECOGNISED · EU 1 000
14 JUL TRANSFERRED 600
02 SEP RETIRED · CLAIMED 600
19 MAY INVALIDATED · REPLACED 600
The last row is the one no other scheme can show you. Eight months after the claim was made and published, the evidence failed, the certificate was invalidated, a replacement was issued against the same quality, and the original claim stays visible in the record.
ANCHORED e86e4a8b284d44268186f374149ed06d6b3406c411737d4c6b65fd788ce73d34
ONE UNIT, ONE CLAIM
This tonne can be retired against exactly one claim, by one company, for one reporting year. After that the record shows it as spent, for ever.
TRANSFER IS THE REGISTRY EVENT
Ownership changes when the registry records it, not when the paperwork is signed. One authoritative answer to who holds this, at any moment.
IF THE EVIDENCE FAILS
Even after retirement, a certificate can be invalidated and replaced, with the original claim still visible in the record. Nothing is quietly deleted.
SPECIMEN
An illustration of the record under design. No certificate has been issued and no registry currently holds ZETA recognition.
03 THE TOOLS, FREE TEST THE WORK BEFORE YOU TRUST IT
You can test our work before you trust it.
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Written in the open. Read by members first.
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THE LIBRARY, HONESTLY
Ninety-five controlled documents. 1 432 identified requirements. Released for reliance: none yet.
The last number is the honest one. It moves when members vote, not before.
01 THE IDEA UNDERNEATH ALL OF IT D00 · WHERE EVERY RULE STARTS
Four things that must never be mistaken for each other.
Almost every failure in environmental markets is one of these four collapsing into another. A certificate sold as though it were the attribute. An attribute claimed twice because nobody could see both claims. Keep them apart and most of the failures become structurally difficult.
01 The cargo The hydrogen, the ammonia, the megawatt hour. The physical thing that moves.
02 The attribute What makes it clean: when, where and by what method it was made. This is the thing that gets traded.
03 The certificate The record that evidences the attribute and tracks its life. Evidence of the thing, never the thing.
04 The contract The instrument that transfers, settles or remedies it. Not the certificate, even where it names one.
KEPT APART, ALWAYS One unit supports one claim at a time. The registry event, not the paperwork beside it, is what moves ownership.
ZEAC · SPECIMEN ILLUSTRATIVE
UNITZEAC-2030-0714-0093
QUANTITY1 MWh EQUIVALENT
METHODELECTROLYSIS · PEM
HOUR2030-07-14 · 09:00–10:00 GST
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One unit, one life.
Click through the lifecycle. Two endings, both terminal.
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Retirement and invalidation are terminal. A unit that has supported one claim can never support another; that is the entire point of the registry.
OPEN FOR COMMENT
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HOW TO COMMENT
Members comment in the portal, against the clause, and every comment gets a recorded disposition and a reason. The draft itself goes to members while it is open.
Comment in the portal Not a member yet, write to the Secretariat
02 WHAT THE LIBRARY HOLDS NINETY-FOUR OF NINETY-NINE ARE PUBLIC
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NINETY-FIVE CONTROLLED DOCUMENTS PLUS THE ORIENTATION AND READING AIDS · ARCHIVE TIER NOT SHOWN
The first family sets the rules that everything else obeys. The standards say how a molecule is qualified and recorded. The contracts say how it is bought, delivered and remedied. The governance says who decides and what anyone may claim.
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MEMBER ACCESS
Read it all. Members change it.
The corpus is public: every clause, every requirement identifier, every banner, searchable end to end and free to quote. What membership adds is standing. Members comment on a draft before it closes, against the clause, and every comment gets a recorded disposition and a reason. They hold the working-group seat where the wording is settled, and the vote that approves it. The four counsel opinions and the three outlines stay with members until they are signed. Members also see what is at consultation and can comment before a draft closes.
Member sign in Enquire about membership
STATUS
Nothing here is released. Every document is a draft, legal reliance is gated jurisdiction by jurisdiction, and the counsel opinions are unsigned working drafts. We would rather publish that plainly than let a reader assume otherwise.
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The question is always the same: which of my obligations does this actually help me meet, and where does it stop? We answer it in a table: the obligation on the left, the requirements that carry evidence for it in the middle, and the honest gap on the right.
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01 WHAT A CROSSWALK IS FIVE COLUMNS. THE FIFTH IS THE ONE THAT MATTERS.
COLUMN 1
The obligation
Named with its instrument and article, as the regime writes it, not paraphrased into our own vocabulary.
COLUMN 2
The evidence in practice
What actually satisfies it: metering data, PPA documentation, asset identity, retirement records.
COLUMN 3
Our records and requirement IDs
The specific requirements that carry that evidence. Citable, testable, traceable to a clause.
COLUMN 4
The relationship
One of four verbs. Not a claim of compliance, a statement of how the two relate.
COLUMN 5
The honest gap
What is still missing. Written in the same row as the mapping, not in a footnote at the end.
THE FOUR RELATIONSHIP VERBS
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WHY EACH ONE SAYS WHAT WE DO NOT DO
Because a crosswalk is the document most likely to be over-read. A reader who wants ZETA to mean compliance will find a way to read it that way unless the page forecloses it. So each one states, in its own voice and before the sources, exactly what it does not do: confer status, file anything, perform the computation, or make a certificate eligible.
Each also carries a review date and an owner, because a crosswalk to a moving regime is a maintenance commitment, not a publication.
02 HOW A CLAIM TRAVELS FROM AN OBLIGATION TO THE CLAUSE THAT EVIDENCES IT
01
The obligation
A regulator names something you must prove.
02
The crosswalk row
Points at the requirement IDs that carry evidence for it.
03
The document
The requirement ID resolves to a clause in a controlled document.
04
The validator
The same requirement is enforced mechanically on a real artefact.
05
The evidence
A proof bundle, anchored, that a verifier can re-perform.
No permission is required at any step. Anyone can walk it without asking us, which is the only reason the map is worth publishing.
RED III · HOURLY MATCHING

On 1 January 2030 the hour becomes the unit of proof.

Monthly matching ends. Every megawatt hour claimed renewable must be matched to the hour it was made, and the systems that survive that day are being specified now.
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DAYS · COUNTED, NOT PRICED
03 REGIME BY REGIME WHAT WE CARRY, AND WHAT WE DO NOT DO
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WHAT WE CARRY
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WHAT WE DO NOT DO
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GOODS ALREADY IN SCOPE CBAM, DEFINITIVE FROM 2026
Steel
Route matters more than tonnage. An electric arc furnace and a blast furnace are different numbers, and only one of them can be evidenced cheaply.
Aluminium
Almost entirely a power question. Where the electricity came from, hour by hour, is most of the answer.
Cement
Process emissions from the chemistry itself, which cleaner power cannot abate. The evidence trail is the only lever an importer has.
Fertiliser
Ammonia is the feedstock, so a clean fertiliser claim rests entirely on a clean hydrogen claim upstream of it.
RECOGNITION
ZETA holds no recognition under any of these regimes. For renewable hydrogen, standing comes only through schemes the Commission has recognised. As at December 2024 those are ISCC, REDcert and CertifHy, and we are not among them. Our work structures and evidences compliance data. It does not constitute compliance.
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01 THE GAP

The constraint is not resource, technology or capital.

It is that no two counterparties describe the same cargo the same way, and no attribute verified in one jurisdiction is accepted in the next.

That gap closes over the next twenty-four months, and it closes in one of two ways.

OUTCOME A
The firms that trade these products write the definitions.
OUTCOME B
They arrive from elsewhere, and every term sheet is renegotiated against them.
02 WHAT MEMBERSHIP RETURNS
Four workstreams. Four things that land on your desk.
01
Comparable products
STANDARDS
One published definition per product, per basis. Your quote and your competitor’s finally describe the same thing, which is the precondition for a market, and for a hedge.
02
Financeable structures
MARKET ENABLEMENT
Risk-transfer and settlement frameworks, plus CBAM and compliance mappings: the material your credit committee and your lender ask for and rarely get.
03
The neutral room
CONVENING
Roundtables where a producer, a regulator and a lender can disagree in public without a commercial interest presiding. Every roundtable carries one decision item.
04
Recognition that travels
PLATFORMS
Registry and platform specifications, and the mutual-recognition frameworks that make an attribute you hold acceptable in the market you sell into.
WHAT MEMBERSHIP DOES NOT BUY
A newsletter. A logo on a website. A recognition decision. Membership buys a vote on the definitions your contracts will reference, and a seat in the working group where the delivery basis for your product is decided.
GENERATION IS SOLVED · DEFINITION IS NOT
03 TWO TIERS
The difference is decision rights, not access to information.
Both tiers read the same library, in full, including drafts that are not public. What regular membership adds is the ability to shape them before they publish.
Founding
FULL DECISION RIGHTS · WHILE THE RULES ARE BEING WRITTEN
● Vote on standards and methodologies
● Up to three working-group seats
● Propose a new standard
● Stand for the Board
● Set the roundtable agenda
● Drafts at consultation stage
ZETA MEMBER · REGULAR
Associate
PARTICIPATION, NO VOTE
○ No vote on standards
● Working groups as observer
○ Cannot propose a standard
○ Cannot stand for the Board
● Shape the roundtable agenda
● Drafts at consultation stage
ZETA MEMBER · ASSOCIATE
Contribution is agreed in conversation with the Secretariat when you join. Governments, regulators and academic institutions participate without charge.
What we ask in return
01
Adopt the definition
In term sheets after your effective date. Specification, basis and measurement only. Commercial terms untouched and unseen.
02
One registry
Issued once, retired once. Double counting is the one failure ZETA cannot absorb on a member’s behalf.
03
Send someone who can sign
Working groups move at the speed of their mandate, not their attendance.
04 NEUTRALITY, IN WRITING
Not a policy. A constitutional constraint.

ZETA holds no trading book, operates no marketplace and no registry today, and takes no position in any product it defines. It publishes no price assessment. These are constraints in the constitution of the foundation, and they are the reason a regulator and a trader will sit at the same table.

Recognition attaches to methods and platforms, never to companies. A member firm’s mark never appears on a standard.

HOW A STANDARD PASSES
Draft  →  Consultation
Consultation  →  Member vote
Vote  →  Board ratification
Ratified  →  Published with named adopters
WHAT MONEY CANNOT BUY
A recognition decision
An endorsement of your firm
A definition written to your book
Exclusive access to a standard
A seat on the Board
If ZETA ever benefits from the outcome of a definition it writes, it has stopped being useful to the people who rely on it.
05 TO JOIN
Three steps, and a date in the calendar.
01
Tell us what you trade
A short conversation with the Secretariat about your products, your obligations and which working groups would matter to you.
02
Agree the shape
Founding or associate, agreed in conversation with the Secretariat rather than read off a rate card.
03
Take your seat
Working groups are seated on joining, and the next roundtable is already being convened.
Enquire about membership Already a member? Sign in Not ready? Start with Roundtable 10
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NEXT CONVENING
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LIKELY ON THE AGENDA
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01 THE RECORD {{ rtCountLabel }}
Every session goes on the record.
What was convened is public, so a decision can be traced back to the room it was made in. The papers behind each session go to members as they are cleared.
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{{ r.d }} THE PAPER →
See the record in the member area Write-ups are published to members after each session.
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WHAT WE ARE
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WHAT WE ARE NOT
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THE PEOPLE CONVENING IT OFFICERS OF RECORD
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Rory O'Neill
Rory O'Neill
SECRETARY GENERAL · READS EVERY ENQUIRY
Enquiries land on a desk, not in a queue.
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ENQUIRY RECEIVED
Thank you. The Secretariat has it.
You will hear from us within two working days. If your enquiry concerns the registry or the exchange, expect a longer conversation rather than a brochure.
Send another enquiry
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WHAT BRINGS YOU HERE
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WHAT ARE YOU TRYING TO SOLVE
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We will not add you to a list you did not ask for.
OTHER DOORS
PRESS
Alan Mammoser
PRESS RELATIONS
Interviews, citations and the Signal. Same door: secretariat@zeta-global.org
GENERAL
The Secretariat
ABU DHABI · UTC+4
Anything that is not an enquiry form matter: secretariat@zeta-global.org
OF RECORD
Stichting ZETA
KVK 89843916
A Dutch foundation. Registered office follows on the imprint when published.
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UPCOMING
Nothing scheduled. The next roundtable is announced here first.
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PAST
The record starts with the first event published here.
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← ALL NEWS
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ATTACHED
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DOWNLOAD PDF →
ISSUED BY
The ZETA Secretariat. Figures are labelled illustrative until they are sourced.
← ALL EVENTS
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ADD IT TO YOUR CALENDAR
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REGISTER
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Also send me ZETA updates by email, including the Signal. I can unsubscribe at any time.
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We use what you enter to manage your place and send you the joining details. The imprint says how we handle it.
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You are registered.
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ADD IT TO YOUR CALENDAR NOW
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Keep my place
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NOT PUBLISHED
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ZETA · ONE EMAIL A MONTH

Signal

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SERIES · ZETA/SIG/YYYY/NNSUBSCRIBE IN THE BAND BELOW
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The Signal goes out by email. No issue has been published to the archive yet; ask the Secretariat and we will send you the current one.
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READ THE ISSUE → MEMBER ARCHIVE →
Earlier issues went out by email and are not online yet. Ask the Secretariat if you want one.
We will not add you to a list you did not ask for. Ask the Secretariat to take you off and it is done the same day; a one-click link follows.
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LEGAL FORM
ZETA (Zero Emissions Traders Alliance) Global Stichting
CHAMBER OF COMMERCE
KvK 89843916
REGISTERED OFFICE
Harfsen, Gelderland · statutory seat recorded at the KvK
PRIVACY, IN PLAIN ENGLISH
The forms on this site (event registration, the enquiry and the Signal signup) send what you type to the Secretariat. Registration confirmations and our mailings are sent through Brevo, an EU company based in Paris, which handles your address only to deliver mail on our behalf. Our mailings record whether they were opened and which links were clicked, so we can tell what is useful; that is the only measurement in them. We count page views with Plausible, which is hosted in the EU, sets no cookies and never sees who you are. No advertising pixels, and no cookies beyond the session that keeps a member signed in. We write to people who asked to hear from us or who work with ZETA, and every mailing carries a one-click unsubscribe, after which we send you no more of them.
To see, correct or delete anything we hold about you, write to the Secretariat at the address in the CONTACT tile above. © ZETA (Zero Emissions Traders Alliance) Global Stichting. Photography licensed. The corpus may be read, quoted and implemented with attribution to ZETA; recognition attaches to methods, not to companies, and nothing in it is for reliance until the document says so.
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Sign in
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Not a member yet? Enquire about membership
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MEMBER PORTAL

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Ordered by what closes first, not by what arrived first. Everything else can wait until you have dealt with these.
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CONTROLLED DOCUMENTS
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ROUNDTABLES HELD
NEEDS YOU ORDERED BY DEADLINE, NOT BY DATE ADDED
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AMPLIFICATION PACK SOP-311 · PRE-APPROVED, YOURS TO POST
RECENT ACTIVITY
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STANDARDS LIBRARY
{{ cDocCount }} documents, including the ones that are not public.
Read the banner first. Every document says what it is and what you may rely on, which today is orientation only. The count: 95 controlled documents plus the orientation and reading aids, with the archive tier hidden.
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ROUNDTABLE PAPERS
Every session, on the record.
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TOOLS
Run it against your own cargoes.
VALIDATOR
Does this certificate hold up?
Drop in a certificate, an event or a proof bundle. Every answer cites the rule it failed, so a disagreement becomes a reference rather than an argument.
tier-2-hourly.json VALID
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CALCULATION ENGINE
A number anyone can reproduce.
Carbon and CBAM figures computed in your own browser. Nothing is uploaded, and the same inputs produce the same answer on any machine.
EMBEDDED EMISSIONS
1 800 tCO2e
e86e4a8b284d44268186f374149ed06d6b3406c411737d4c6b65fd788ce73d34
ZETA
Signal
ONE EMAIL A MONTH
THE ARCHIVE →

What actually moved this month, and what it means for a cargo.

A short monthly note on the rules, the deadlines and the evidence, written for people who have to act on them, not for an inbox. No news roundup, no announcements.
NAME
COMPANY
WORK EMAIL
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MONTHLY One email a month. Ask us to stop and we stop. We will not pass your address to anyone.
SUBSCRIBED
You are on the list.
The next Signal goes out at the end of the month. If you would rather talk sooner, the Secretariat answers enquiries in two working days.
HONEST NOTE
The standards are drafted but not yet published for reliance, and the legal opinions behind them are still being signed. We will say so on every page until it changes. Anyone who tells you otherwise about work at this stage is selling you something.