KlimaDAO Japan's Carbon Market Development
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carbon credit marketThe Cool Down
•Tech company plans to revolutionize key aspect of $331 billion financial system: 'Aims to promote the democratization'
70% Informative
A new carbon credit marketplace is being developed by KlimaDAO Japan that leverages emerging blockchain technology for transactions.
The tech company said the system reduces risk and costs, as all members see a "single view of the truth" Carbon credits, or offsets, are tradable certificates that allow businesses to invest in planet-friendly work instead of lowering their own pollution.
The U.N. cited clear concerns, including double-counting, human rights abuses, and greenwashing.
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