How can Blockchain & DeFi help in reducing carbon footprints?

The Problem

  1. Reaffirming the Paris Agreement, where it was decided to limit the rise in global average temperature to 2℃ and making an effort to further limit it to 1.5℃.
  2. Need of a global carbon credit offset trading market
Carbon emissions are steadily rising. Source: IPCC

What are Carbon Credits

Demand for carbon credits has also risen. Source: McKinsey

Market for Carbon Credits

Enter Blockchain & DeFi

How does it work in reality?

Challenges on the way

References

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Anant Avinashi

Anant Avinashi

FinTech | Blockchain | DeFi | Python | Data Science