Are Carbon Offsets The Next ESG Investing Frontier?
Rapid growth is expected in the voluntary market, where companies purchase credits from carbon reduction initiatives that are not necessarily linked to regulatory regimes. The recent COP26 global climate change conference adjourned with a first-ever multinational agreement on trading standards. Carbon reduction activities with local co-benefits (job creation, biodiversity preservation) are likely to be well embraced by local stakeholders. This can lead to greater permanence and legitimacy and help minimize external threats.
Andreessen Horowitz and Samsung Jump Into The Tokenized Carbon Credit Sector
Flowcarbon raises $70 million from Andreesen Horowitz, Samsung, token sale
Grits Take: Canada is crazy for carbon credits
Nearly a dozen startups are planning to list on Canadian exchanges to raise funds to finance carbon-credit purchases or invest in ventures that generate credits.
Blockchain and Smart Contracts to Improve Voluntary Carbon Markets
Carbon markets turn CO2 emissions into a commodity or tradable asset by giving it a price. Blockchain and smart contracts will improve those markets.