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Climate-change focused Klima DAO has accumulated over 9 million tonnes of carbon offsets according to a Nov. 8 announcement. The USD value of those offsets has surpassed $100 million.In a blog post, the project explained that those offsets are equivalent to the annual emissions of Georgia, Jamaica, or Papua New Guinea.
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World leaders at the COP26 climate summit this month promised to end deforestation by 2030. But significant challenges to achieving the goal remain to be overcome. The Cambridge Centre for Carbon Credits, based at the University of Cambridge, this week launched with the goal to build a decentralized marketplace of
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In an announcement Friday morning, the University of Cambridge announced it would be building a novel decentralized carbon credit marketplace to support global reforestation efforts. Its ultimate goal would be to increase the adoption of nature-based conservation solutions, or NbS, such as reforestation, through financial instruments. The institution envisions that
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BitMEX took a somewhat heterodox approach to measuring bitcoin’s carbon footprint, deciding to put a kilowatt figure on transaction volume. (Many industry activists have said you cannot compare Bitcoin, a base layer monetary network, to Visa, a payments rail, when it comes to transactions and energy use; Visa, by transaction
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BitMEX bought $100,000 worth of carbon credits, representing 7,110 metric tons of carbon dioxide emissions, enough to offset its bitcoin carbon footprint for the next year, the crypto exchange said in a blog post.The credits will match the environmental footprint from both its bitcoin transactions and the servers powering the
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A department director of the Shanghai Environment Energy Exchange (SEEE) said that blockchain will play an important role in the Chinese carbon cap-and-trade system for confirming, trading, and circulating carbon emission data. The statement comes at a time when China is intensively issuing top-down documents on reducing carbon emission heading
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Amber Group, a leading crypto trading and technology firm, announced today a strategic partnership with the climate tech company Moss Earth, the first and largest environmental platform in the world to tokenize carbon credits. As per the agreement, Amber Group bought 250,000 carbon tons offsets’ worth of MCO2 tokens; approximately
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sponsored MCO2 is a carbon credit token traded by Moss.Earth. One MCO2 token is equivalent to one carbon credit. It is now possible to find this asset available on the largest exchanges on the planet, such as Gemini. The token goes through several processes to guarantee the security and reliability
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Singapore startup Cyberdyne Tech Exchange (CTE) sold its first tranche of carbon neutrality tokens backed by Chinese carbon credits, according to a Monday press release.The exchange said it would sell the tokens, dubbed Carbon Neutrality Token (CNT), back in July.CTE sold tokens corresponding to 5,000 metric tons of carbon credits
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