The ‘Liquid Carbon Credit’ is a tokenized carbon credit designed to be traded at high liquidity on Likvidi’s own platform and on other blockchain-based exchanges and platforms. LCO2 is a real-world digital asset, with each credit equivalent to one tonne of carbon removed from the atmosphere.
The COP26 environmental summit in 2021 and the Paris Climate Accords have raised awareness of climate issues and increased pressure on companies to reduce their carbon footprint, including use of voluntary carbon credits.
The Voluntary Carbon Market was worth $1 billion in 2021 and is predicted to be valued at $100bn by 2050 – a growth of 100 fold.
Likvidi is partnering with DAO Maker for its launch, due to their strong track record of supporting blockchain-based startups and a shared vision for accelerated carbon markets.
His Likvidi co-founder Tuomas Siltala was previously Director at Scandinavian investment bank Pareto Securities and co-founded an FSA regulated investment bank – Privanet Securities Oy.
Likvidi CEO and Co-Founder Ransu Salovaara commented: “The world is now waking up to the challenge of reducing carbon emissions.
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