McKinsey projects carbon credit demand to expand 15x from 2020 (100M tons) to 2030 (1.5B tons) and 100x by 2050 (10B tons).
Given the demand for carbon credits that could ensue from global efforts to reduce greenhouse-gas emissions, it’s apparent that the world will need a voluntary carbon market that is large, transparent, verifiable, and environmentally robust. Today’s market, though, is fragmented and complex. Some credits have turned out to represent emissions reductions that were questionable at best.
Limited pricing data make it challenging for buyers to know whether they are paying a fair price, and for suppliers to manage the risk they take on by financing and working on carbon-reduction projects without knowing how much buyers will ultimately pay for carbon credits.
Assessment and Monitoring
Offset credits for carbon sequestration often have questionable and inconsistent value to the overall environmental goal of offsetting current carbon footprints. This is because these credits are hard to track, measure, and lack a cohesive system of accountability.
Expensive Large Lots
These projects are also generally so expensive that without a significant minimum size the process to assess, monitor, and sell offsets is prohibitive.
World Heating Up
Difficulty safely guarding land in perpetuity for sustainable environmental use to be easily accessible for carbon offset. This creates the need for Purchasers of reengage in the acquisition of offsets overtime.
Refusal to accept estimations of carbon reduction rates is the first step in combating the complacency that has defined much of the offset landscape until this point.
By directly measuring sequestration rates, analyzing them and storing the data in an irrefutable record provides the next blocks for which we can build the foundation needed to significantly impact climate change.
Environmentally conscious landowners and controlling bodies need an option to monetize their property as well as meet the sustainability directives they feel close to their hearts.
With a novel approach to NFT minting we can move more toward reciprocal relationships between the landowner and the corporations and individuals who are offsetting their carbon usage. These benefits will far outpace the market for adoption on both sides.
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