To limit global temperatures to 1.5°C, in line with the Paris Agreement, the world needs to avoid, reduce, and remove as many greenhouse gas emissions as possible as quickly as it can.
As companies continue to set ambitious climate pledges to limit the worst impacts of the climate crisis, the global voluntary carbon market will play a critical role in the transition to a net zero economy.
Carbon credits will direct large-scale investment needed to achieve net zero emissions by 2050 by funding carbon reduction and removal projects.
However, today’s voluntary carbon market is not equipped to keep pace with the rapidly growing demand for carbon credits.
Currently, the voluntary carbon market relies on bilateral trading, which can be slow, opaque, and risky, reducing trust in the market.
The instant, secure, and traceable settlement of carbon credit transactions via a secure, distribution network is a linchpin in scaling the voluntary carbon market.