Ripple To Fund The Acceleration Of Global Carbon Markets; Dedicates $100M
Ripple, the crypto solutions company shall commit $100M for the goal of carbon removal by investing in climate oriented fintech companies. The blockchain-based payments network has aimed to facilitate the acceleration of carbon removal technology in order to bring about modernization of the carbon markets. Carbon markets will let companies and individuals trade carbon credits […]
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Ripple has contributed the majority of a $44 million fund to support solar energy projects across the United States. Blockchain payments firm Ripple has announced a $44 million environmental, social and governance (ESG) joint venture partnership with fintech provider Nelnet Renewable Energy to fund the adoption of environmentally-conscious solar energy initiatives across the United States. According to the announcement, the new fund is expected to offset over 1.5 million tons of carbon dioxide over 35 years, equivalent to 180,635 homes energy usage for one annum. In March 2021, Nelnet Inc.....
The Carbon Removal cause will fund community-focused projects that are helping fight climate change and reduce the global carbon footprint. EarthFund launches the Carbon Removal DAO, led by Dr Lucy Tweed. The fund aims to fund community-led projects focused on fighting climate change. The community will receive the CarbonCommons tokens to vote on their favourite […]
PRESS RELEASE. Blockchain-based carbon offset platform XELS provides global access to the decentralized carbon market and its ERC20 token will launch on Bittrex Global on April 8th, 2021. 7th April 2021, Date Tokyo, Japan — XELS is one of the leading startups tackling climate change by increasing participation and transparency in carbon markets, listed its eponymous XELS token on Bittrex Global on April 8th, 2021. Tokenized Carbon Credits XELS will provide both businesses and individuals access to a blockchain-based carbon offset platform, initially focused on tokenized voluntary....
A new blockchain platform aims to get decentralized networks to decarbonize, but challenges remain, due to uncertainty around tokenization As tech giants like Google and Facebook announce plans to become carbon-neutral businesses by 2030, smaller companies are doing the same. The only difference is that innovative startups are taking clever approaches that seek to be more effective than those implemented by large, centralized companies.For example, Ripple — a fintech company that allows banks, payment providers and digital asset exchanges to send money using blockchain — has committed to....
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....