Those working in climate often associate blockchain with the excessive amounts of energy used by Bitcoin. Indeed, this issue continues to steal headlines and railroad conversations about the potential of blockchain to unlock new solutions for climate action. There is however growing support for blockchain solutions amongst key global institutions.
Tokenized carbon credits are created by moving credits from the traditional voluntary carbon market (VCM) onto the blockchain. To date, Toucan have tokenized nearly 22 million carbon credits from the Verra Registry, representing 5% of current market supply. The speed at which innovation in this space has occurred however has
Photo by Zak💡 Spotlight storyVerra consultation on tokenized carbon now open! Last week, Verra released the full details on their upcoming public consultation on third-party crypto instruments and tokens, which will run for 60 days until 2nd October. As hinted in their announcement 2 weeks ago, there is a strong
Web3 is unlocking innovation in financial and carbon markets, creating opportunities for regenerative approaches to tackle the climate crisis. Our Founder James Farrell recently explored this exciting intersection at ETH Barcelona, introducing key features of the emerging regenerative finance movement, voluntary carbon markets and how they can come together to
Photo by Burak The Weekender💡 Spotlight storyVerra releases plan for consultation on tokenized carbonVerra have announced plans to launch their public consultation into the use of web3 instruments in early August. This news has been hotly anticipated by the growing community who sees tokenization as the future of climate action
Integrity has been repeatedly identified that the largest barrier to scaling voluntary carbon markets (VCMs) in line with meeting the aims of the Paris Agreement. In previous posts, we have explored the importance of scaling high quality supply and demand in ensuring that the VCM effectively supports net zero targets.
Photo from borchee, Getty Images📢 Top news picksPina Earth raise $2.5m to develop sustainable forestry creditsVerra launches pre-consultation on new ABACUS label for high quality, nature-based creditsUK government contributes £54m to 15 carbon removal technology projectsDecentralized crypto exchange SushiSwap embeds carbon offsetting optionAboriginal Carbon Foundation partners with Australia's largest
In our last post, we explored what makes a high quality carbon credit and their essential role in scaling the VCM. Their effectiveness ultimately however, depends on being used to meet the high quality demand of offsetting organisations. In this piece, we explore what should be considered high integrity demand
At IETA’s European Climate Summit, integrity was repeatedly identified that the largest barrier to scaling voluntary carbon markets (VCMs) in line with growing demand. This post is the first in a three part series in which we will explore current market trends and emerging initiatives seeking to drive future
As markets for durable carbon removals have started to expand, there is increasing discussion over the role played by reduction and removal carbon credits in the journey towards net zero. This article seeks to understand this evolving landscape, exploring: 📉 Voluntary carbon markets (VCMs) and the Paris Agreement💡 How reduction and
Photo by Nathan Watson 💡 Spotlight storyOptimizing digital carbon markets for innovation and qualityAs increasing numbers of web3 driven projects have entered the traditional VCM, so has interest and concerns over their potential impact. The VCM is predicted to face a five-fold increase in demand by 2030, meaning that current challenges
Carbon dioxide removal (CDR) solutions represent an emerging area of focus and innovation within the voluntary carbon market. Indeed, the scaling of these solutions is critical to meeting the net zero aims of the Paris Agreement, with the latest IPCC report outlining a deployment rate of 5-16 giga-tonnes a year
This is part 3 of a 4 part series exploring how web3 technology can address VCM pain points. You can find all posts on the Toucan blog and Medium. 📍 The pain pointThe current VCM can be characterized as complex, fragmented, opaque and lacking in consistent regulation. This greatly reduces transparency