Overcoming Challenges in the Carbon Credit Market

The carbon credit market is facing challenges that hinder its effectiveness in supporting carbon reduction and climate change mitigation goals. Inconsistent definitions of carbon credits, limited disclosure of emissions reductions, and incomplete data on origin and quality are issues that reduce confidence in the market and slow progress towards achieving ESG goals.

Blockchain can provide a solution to these challenges by creating a secure and transparent ledger that offers asset-grade data on the quality and origin of carbon credits. This will lead to a standardized and trustworthy market that incentivizes sustainable practices and supports the transition to a low-carbon economy

A Sustainable Solution: Blockchain and Asset Grade Data

Blockchain technology can provide a solution: by offering asset grade data.

Combining fundamental data such as Sustainable Development Goals, financial visibility, environmental integrity, and sustainability with the technical benefits of blockchain technology, asset grade data can generate quality carbon credits recognized by trading and compliance-related parties.

With blockchain technology providing proof, evidence, and integrity through Know Your Carbon (KYC) and verification processes, the carbon credit market can become more transparent, trustworthy, and effective in addressing climate change and supporting the transition to a low-carbon economy in line with ESG goals.

Featured Carbon Solutions

Carbon credit track and trace

Carbon Credit Lifecycle Tracking System & DIgital MRV Integrations

The system will be able to track and visualize the creation, verification, certification, trading and retirement of carbon credits.

SMART

S.M.A.R.T. for Carbon Credits

S.M.A.R.T. is an acronym that stands for Specific, Measurable, Achievable, Relevant, and Time-bound. This means it can clearly outline the conditions under which carbon credits will be issued, including the amount of credits, the timeframe for verification, and the criteria for determining whether emissions reductions have been achieved.