Carbon credits: With many corporations getting on the carbon credit bandwagon to offset their pollution, how can we know if these projects are legit? By verifying their promises using blockchain, says Sarah Baxendell, Director of Ecosystem, Regen Network.
Over the past few years, there has been an explosion of climate impact commitments from major corporations. Companies are looking to take responsibility for the greenhouse gas emissions of their business operations. One example is the Microsoft Moonshot goal. This focuses on the company becoming carbon negative by 2030 and removing its historical carbon emissions by 2050. The goal is met by Microsoft directly supporting carbon emission reduction and removal projects via carbon credits.
Carbon credits are designed to remove excesses of carbon dioxide to balance global temperatures. But also, carbon credits raise money for ecological restoration projects.
Carbon Credits: How it Works
Projects that regenerate land and remove carbon...
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