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Zilliqa, a layer-1 blockchain, and GMEX Group have launched ZERO13, a carbon offset platform for users to act against climate change and engage with corporate environmental initiatives. ZERO13 will leverage Zilliqa to issue tokens that represent carbon credits. When customers buy goods or services from Zilliqa’s partners, they’ll get tokens to support environmental
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There is a global consensus that greenhouse gas (GHG) emissions are warming the planet, but efforts to accurately measure, report and verify these emissions continue to challenge researchers, nonprofits, corporations and governments. This is especially the case with “nature-based” projects to reduce carbon dioxide levels, like planting trees or restoring mangrove
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The United Arab Emirates Ministry of Climate Change and Environment (MCCE) is developing a carbon credit system in a preliminary partnership with the Industrial Innovation Group and the Venom Foundation.Blockchain technology is utilized by organizations and countries to track carbon credits. Due to the immutable nature of data inscribed on-chain,
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"Chia can facilitate the integration of different carbon markets, making it easier for participants to trade credits across borders and platforms," said Mark Lyra, senior director at SCOA, said. "This can increase the liquidity and overall value of the carbon market, including the creation of new carbon asset classes." Source
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Such contracts are often used in hedging strategies, but in the Solid World case they can bring certainty to carbon credit projects with long horizons. The liquidity pool will bring key funding to the mangrove projects "while providing structured inventory to distributors seeking to sell high-quality carbon credits," the press
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“Detailed traceability allows for tracking of emissions inventory through tokenization including the ability to link carbon output to specific product output,” Brody said in a statement. “By using carbon credit tokens, either created or sourced on the market, enterprises can now have visibility into their actions toward decarbonization.” Source
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The Solana Foundation, in collaboration with data platform Trycarbonara, announced the launch of a real-time tracking dashboard to measure carbon emissions on the Solana blockchain. 1/ Today, the Solana Foundation is leading the charge in the climate fight by making Solana one of the first blockchains to have its emissions measured
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Solana’s servers emitted 10,651 metric tons of carbon dioxide in the 12 months prior to April 1, 2023, according to the dashboard built by footprint calculator Carbonara. That’s roughly equivalent to eight flights from London to New York, based on CryptoX estimates derived from data showing that route would produce
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Though blockchain is a groundbreaking and invaluable tool, it represents just one element within a complex, interconnected web of solutions. Tackling climate change necessitates a unified, concerted effort from governments, businesses and individuals, each harnessing the power of diverse innovations, robust information-sharing networks and sustainable infrastructure. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bancor has just launched a new decentralized exchange, Carbon, bringing easier automated on-chain trading. Carbon is bringing unprecedented control and automation Bancor’s new decentralized exchange, Carbon, is now live and ready for traders to bring in their
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