xVerde Carbon Credits
Introducing xVerde (xVerde.com)
Reducing carbon pollution and climate change is truly a global issue affecting everyone on the planet. Although greenhouse gas emissions can be optimized at the source (ex. identifying process inefficiencies using ELX Enterprise) the majority of global emissions are generated by consumers in the Global North who purchase goods and services from companies in the Global South that produce those emissions across their own supply chains.
Despite existing for quite some time, Carbon Markets are much like cryptocurrency communities. There’s a status quo, legacy players. There’s new technologies, emerging markets, and literal forest-loads of money coming into the space. There’s also a lot of noise. A lot of scams. A lot of fraud. A lot of waste. Sound familiar? This is not a typical announcement, so I’m going to forgo the “History of Carbon Markets” and focus on the future: xVerde.
A new breed of climate change projects is emerging, one that generates broader environmental and social benefits in addition to avoiding emissions. Often called “co-benefits” or “double dividends,” these benefits range from protecting biodiversity to improving health outcomes from avoided pollution.
These projects also serve as a means of moving capital toward the Global South where the bulk of nature potential is located. Scaling up co-benefit projects can push emerging climate technologies down cost curves, eventually enabling their cost-effective use in direct emissions reductions.
xVerde will have the most tons of carbon on-chain by the Summer. “Disruption” is a word that gets thrown around lightly. A word diluted by old guard VC punching the enterprise workflow Saas lottery machine.
Well, xVerde is here to disrupt the global carbon credits market. The opportunity is emergent and the timing is right. xVerde has taken advantage of these forces with a clear mission — reduce global carbon emissions, save forests, and build out the infrastructure for the increase of price of carbon.
What’s a carbon credit?
A carbon credit is a contract that permits the emission of carbon dioxide and other greenhouse gases into the atmosphere. One credit permits one metric ton of carbon. They can be traded and eventually retired. Think of retiring a carbon credit like “burning” said carbon credit, its eventual purpose.
Companies pollute and release carbon dioxide. If they do, they must have a credit to show that they didn’t use more than the amount they were allowed. Think of it like an allowance of what you can eat on a diet, and you have to show your mom when she asks why you ate too much. If you don’t have enough credits, then you can buy more from someone else who has extra.
Are carbon credits and carbon offsets the same thing?
No. Here’s the ELI5: A carbon credit is a way for businesses to earn money for not sending waste carbon dioxide into the air. A carbon offset is a way for plants to earn money for cleaning up pollution.
How much is the carbon market expected to grow?
The world is getting really small. Or at least, the world economy is getting really big and connected.
The transition to a decarbonized global economy will have a powerful impact on businesses and capital. We estimate the market for carbon credits in 2030 could be between $10 billion and $30 billion (10–30x) at the lowest end of the spectrum, and up to over $50 billion (50x) at the highest end.
Capital flows into voluntary markets are more likely if these markets can accommodate both large and small players, offer liquidity, and provide price signals and dynamic pricing that can help direct investment decisions and incentivize good behavior.
Wen Whitelist?
All existing $ELX wallets (both BSC and ETH) have been automatically whitelisted.
This first set will be 1000/10000.
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