Decentralized Voluntary Carbon Markets
Last updated
Last updated
Voluntary carbon markets provide a way for businesses and individuals to improve their carbon footprint. Unlike compliance markets, these markets let companies trade voluntary carbon credits, even if governments are not requiring them to reduce emissions.
Distributed ledger technology has unique capabilities that can enable an interoperable marketplace for voluntary carbon offsets. We believe the creation of a global marketplace to enable price discovery for varying offset quality is an essential tool to use market forces to decarbonize society.
Pricing quality serves as a demand pull to create more high-quality projects (currently demand outstrips supply)
Overtime the quality floor is expected to be raised by regulations as corporate buyers specifically buying low quality will likely be seen as greenwashing their net-zero commitment