Greencoin: Carbon Emissions Coin
Getting companies, and even governments to become more conscious of carbon emissions is hard, to say the least. With no incentive to really become eco-friendly, and no one to really push them to become eco-friendly, companies will stay the same. That’s where GreenCoin comes in. Carbon emissions are a global problem which requires a global solution. Government intervention has attempted to provide various solutions though, to date, these efforts have had limited effectiveness due to the fact that any one national government lacks global authority, and collectively there is an inability to....
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The Bitcoin community supporting environmental causes is nothing new. Just a few months ago Genercoin was released by Arterran Renewable Fuels. The basis of Genercoin was a new biofuel developed in the Arterran labs. Each Genercoin represented a certain amount of the fuel, based on British Thermal Units (BTUs). One Genercoin might be worth 10,000 BTUs for instance. But a new development is completely different and might have a significant effect on carbon emissions. The new coin, called GreenCoin, offers incentives to alternate energy businesses for reducing their carbon footprint. Their....
On Friday, the Latin American cryptocurrency platform Bitso announced that the company plans to offset carbon emissions from its bitcoin and ERC20 token transactions carried out on the platform. Bitso is partnering with the carbon offset platform Moss.Earth in order to curb the crypto company’s environmental impact.
Bitso to Offset Crypto Transaction Carbon Emissions by Partnering With Moss.Earth
In mid-February, the Mexico-based cryptocurrency exchange Bitso revealed it was expanding into the Colombian market after witnessing a growing interest in the Latin American....
Carbon markets turn CO2 emissions into a commodity or tradable asset by giving it a price. Blockchain and smart contracts will improve those markets. The United Nations Climate Change Conference, known as COP26, in Glasgow, Scotland catalyzed a commitment to carbon neutrality, achieving net-zero carbon emissions, requiring reducing emissions as much as possible, and balancing the remaining emissions with the purchase of carbon credits.A carbon credit reduces, avoids or removes carbon emissions in one place to compensate for unavoidable emissions somewhere else through certified....
Cabify, one of the world's largest ridesharing companies, is moving to offset its carbon emissions with the help of blockchain marketplace ClimateTrade.
A comprehensive calculation of the carbon emissions from the legacy financial sector shows that Bitcoin is far less impactful on the planet.