Tokenizing Carbon Impact

We demystify the blockchain technology's abilities and explore different roles tokenization can play in carbon impact to combat the climate crisis.

Tokenizing Carbon Impact Tokenizing Carbon Impact

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Polygon Supernet Nodes

Aug 00st

Carbon Offset (Coming soon)

Aug 00st

UN-SDG Monitoring (Coming soon)

We are tokenizing the Carbon impact of projects through a dual Token issuance:

a. CO2C – A ERC20 like Token which represents the sequestration of 1 ton of CO2.
b. CO2NFT – An NFT collection which represents the overall sustainability and UN-SDG impact of the project.

Steps to tokenize carbon impact

Project developers would register onto Climat.today and request for the creation of carbon credits for their project. They would enter basic details on the project: Location, type of project, project developer, start date, project area, KYC and KYB, project duration.

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Verifiers onboarded onto the Blockchain platform (initial set of verifiers would be GoldStandard, CAR, ACR) would view onboarded projects and bid to validate the project.

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Verifiers would request for all the required information from the project developer, post which their report will contain: Number of CO2C that can be created, types of SDG-Impact NFTs that can be created.

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The verifier “authorizes” the project developer to “mint” new CO2C Tokens. For example, if the verifier determines that the project developer will sequester 1000tonnes of Carbon in Month 1, then at the end of the month the project developer is “authorized” to mint 1000 CO2C tokens.

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Post the verification, the project developer is also allowed to mint custom SDG-Impact NFTs, based on the impact. For example, if the project is a sustainable tea farming project in Arunachal Pradesh, then one of the SDG impact could be the conservation of biodiversity. Hence the project could mint say 10 Biodiversity NFTs.

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The NFT can be traded/sold on the Climat.today Carbon NFT marketplace; the CO2C token can be traded on the Climat.today-NSE Carbon Exchange.

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On a monthly basis, the verifier would re-affirm their report, which would enable the project developer to mint the required NFTs and CO2C tokens.

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Benefits to participants

Buyers

Buyers

Track impact of carbon credits; single liquidity pool for CO2C increases re-sale potential; Impact NFTs allows buyers to precisely choose the type of impact that they wish to create.

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Issuers

Issuers

Large liquidity leads to better price discovery and increased opportunity to sell credits at the best price; ability to separate impact with CO2 sequestration allows project developers to attract greater value for their sustainable projects.

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Verifiers

Verifiers

Greater number of projects to validate since the Climat.today platform allows any project to register and seek to issue credits.

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Blockchain nodes

Blockchain nodes

Gain a percentage of transaction fees generated on the platform, offer additional products to blockchain participants such as Carbon price data feeds to other agencies.

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