Tokenized carbon credits represent carbon that has been avoided or removed from the environment. One metric tonne of carbon verifiably avoided or removed translates to one carbon credit.
Tokenized carbon credits represent carbon that has been avoided or removed from the environment. One metric tonne of carbon verifiably avoided or removed translates to one carbon credit. They are created upon bridging carbon credits from voluntary carbon market registries onto the blockchain.
Carbon credits are often integrated into sustainability strategies as a tool for organizations to compensate for net greenhouse gas emissions. Non-governmental organizations (NGOs) and carbon industry bodies develop independent criteria to verify these carbon credits and ensure their integrity.
Author:
Toucan builds the infrastructure that brings carbon credits and planet-positive activity onto blockchains, unlocking innovation and financing for meaningful climate action at scale. Raphael holds a Masters degree in Industrial Engineering and Management from TU Berlin and Toulouse Business School
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