Each organization is allocated a fixed number of EU Allowances , representing a carbon credit of one ton of CO2 that may be emitted annually. As highlighted by a working paper released by ClimateTrade, the price of these mandatory credits skyrocketed in the last four years from €6 at the start of 2018 to €80 […]
The collaboration will work by using ACX’s distributed ledger technology to tokenize carbon credits on the public Polygon blockchain. That structure is reflected in the entities that ACX will set up in the region. Its technology will expand the domestic trading of carbon credits and will help with national net-zero targets, which have been set […]
It was founded last year by NAB, CIBC, Itaú Unibanco and NatWest, and this year they were joined by another three banks, BNP Paribas, Stanchart and UBS. Carbon credits allow businesses to monetize their climate mitigation actions and allow consumers to invest in projects which prioritize sustainable practices. CIX’s high-quality marketplace of credits will allow customers to choose […]
As investors and enterprises engage with the cryptocurrency, there are increasing ESG concerns about involvement with Bitcoin and the current version of Ethereum. However, one flaw in this argument is these figures are self-reported by Bitcoin miners that are fully aware of Bitcoin’s energy hungry stigma. Another flaw is that even where sources are renewable, that energy […]