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
💡 Spotlight story Verra 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 focus on
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
💡 Spotlight story Verra releases plan for consultation on tokenized carbon Verra 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 ever since Verra
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.
📢 Top news picks * Pina Earth raise $2.5m to develop sustainable forestry credits * Verra launches pre-consultation on new ABACUS label for high quality, nature-based credits * UK government contributes £54m to 15 carbon removal technology projects * Decentralized crypto exchange SushiSwap embeds carbon offsetting option * Aboriginal 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