Welcome to Greenearth.Finance
Last updated
Last updated
Important: This documentation is intended to be a living document, evolving and becoming more specific over time as feedback from key partners is incorporated and market signals become clearer. Many details provided herein may change to achieve the best possible market fit. Therefore, these details should not be relied upon and are subject to change without notice.
In recent years, climate activists and the media have significantly advanced public education on the impacts of climate change. Although this increased awareness is not pervasive enough globally, it has prompted governments, businesses, and individuals to seek actionable measures to reduce carbon emissions.
Greenearth.Finance is building a community of environmentally conscious stakeholders who require or desire to devise a implementable strategy to achieve net zero emissions as fast and as cheaply as possible.
Our solution is based on three main pillars:
Getting carbon accounting right,
Allocating resources into more projects that generate verifiable emission reductions, and
Create a transparent pricing mechanism to reward or punish projects based on the quality of the emission reductions achieved.
Emissions disclosure has become a critical concern for organisations aiming to avoid the risk of greenwashing and comply with regulations. The lack of verifiable data exposes all parties to reputational risks due to potential errors or tampering.
Greenearth.Finance provides a solution by guiding stakeholders on their journey to net-zero carbon emissions by 2050. The first step is to calculate their carbon footprint, establishing a baseline against which the impact of decarbonisation strategies can be measured. Calculating true carbon emissions is complex and currently more art than science. To meet carbon emissions goals and make informed decisions, stakeholders need accurate data. Leveraging the latest technology—such as IoT devices, 5G, and Distributed Ledger Technology—can make this task more transparent and less cumbersome.
In short to medium term, the impact of decarbonization strategies will not result in an immediate removal of all carbon emissions. Therefore another method to report reduced emissions will be to allocate capital to promote third party decarbonization projects that generate carbon credits.
Carbon credits today have been tainted by accusations of greenwashing and double counting due to the lack of information on their provenance. Verification as a buyer or auditor is impossible, even when this information exists.
GreenEarth.Finance will introduce tokenized carbon credits using Hedera's Distributed Ledger Technology (DLT) to overcome many of the issues related to verification . We will leverage DLT's unique immutability, cryptography, and timestamping capabilities to make carbon credits verifiable and linked to the originating data.
As of 2022, the Voluntary Carbon Market (VCM) is worth $2 billion. It looks primed for explosive growth, with conservative estimates projecting the market to be worth over US$50 billion by 2050.
Buyers that demand the highest quality will purchase the best-quality carbon credits. Some sophisticated large technology corporate buyers that want to meet their net-zero commitments in an authentic way are helping to jumpstart this market. Such activity particularly at the high end of the market will likely create an incentive to bring more supply into the market. Buyers, in turn, will establish price differences between highest- and lowest-quality credits. Over time, we expect quality will rise either as the result of regulations or by carbon sequesters moving up the quality spectrum in response to incentives.
The trading volume of our Decentralised Exchange For Carbon Credits will grow to meet the increasing demands of buyers looking to meet net-zero targets. In turn the higher trading volume will create a fly wheel effect as a result of having a liquid marketplace that companies that create high quality offsets cost efficiently. More funding for carbon negative projects is essential to meet the global climate action goals.
The stakeholders of climate action, namely governments, businesses and individuals, need a simple and straight forward pathway to make the necessary changes to reduce climate change without the complexity. To get their participation, they need a solution "that just works".
Greenearth.Finance aims to become the platform of choice for all stakeholders because of its easy, no hassle onboarding process as well as its trust layer provided by DLT making all data transparent and auditable.
We've put together some helpful guides for you to get setup with our product quickly and easily.
