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Signed MOU with GESIA platform, GEC Foundation and ESG companies for CN (carbon neutrality)

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[Blockchain today]Signed MOU with GESIA platform, GEC Foundation and ESG companies for CN (carbon neutrality) [Blockchain Today — Reporter Jaemin Kim(김재민기자)] Gesia Platform announced on the 25th that it has signed MOUs with major domestic companies pursuing ESG management and carbon neutrality. Through the MOUs with ESG management companies, it was revealed that Gesia Chain and Gesia Platform will facilitate the purchase and distribution of carbon offsets for corporate carbon neutrality. The companies will be able to purchase and verify the necessary carbon offsets through the Gesia Platform. The companies included in the MOUs are carbon offset companies such as Lush Korea, carbon neutrality efforts companies like Sanghyo Botanical Garden Co.,Ltd , Allure korea , NICE Payments.co.,Ltd , cyworld z co. , Hallacement Co. , ASIA CEMENT CO.,LTD. , KIUM CONSTRUCTION CO.,Ltd , han dong construction co., ltd , Dareumplus.co.Ltd , PharmGen Science, Inc. , KC Cottrell Co., Ltd. , Korea Lube , E
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GESIA platform, GESIA Chain testnet open announcement

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[Blockchain today]GESIA platform, GESIA Chain testnet open announcement [Blockchain Today — Reporter Jaemin Kim(김재민기자)] Gesia Platform announced the results of the test operation for the Gesia Chain testnet, which was launched on March 15, 2021. Gesia Chain, an EVM-compatible Layer 2 main net, launched on March 15th, has undergone various tests using web3, MetaMask, Remix, and other tools. It has received high evaluations from domestic and international blockchain technology companies and professionals. In particular, Gesia Chain’s carbon offset voucher (FV, NFV) and NFT technologies have received proposals for joint technology usage from overseas technology companies, and preparations for contracts are underway, indicating high praise for the ideas and technical completeness. Gesia Chain receives raw carbon offsets from carbon offset-holding companies, issues carbon offset vouchers in the form of vouchers, and allows distributors to purchase fragmented NFTs. This enables individuals a
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From Garbage to Gold

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March 18, 2023 From Garbage to Gold A Miami-based climate tech company develops a method to create carbon credits from reducing food waste while the world’s largest carbon credit developer produces credits from railways. A Canadian biochar producer secures $38 million to expand its production and the EU plans for Net Zero.  Let’s jump right in!   Don't be Wasteful with Waste The global food system emits about a third of total annual GHG emissions, and food waste represents about half of this footprint. A study found that global food waste emitted 9.3 billion tonnes of CO2e (GtCO2e) or about the same as the total emissions of the US and the EU in 2017. To help address this concern, a climate tech firm CoreZero decided to rescue food waste and quantify the prevention of 221,800 tons of carbon emissions. The company then converted these reductions into the world's first carbon credits from waste.  With this approach, CoreZero aims to transform the 1.3 billion tons of food waste an
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Carbon Credits From Waste

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March 11, 2023 Carbon Credits From Waste One of Korea's largest banks seeks to convert wastes into biochar that can capture and store carbon, while a major baseball team buys carbon credits from a carbon capture company. Russia is developing its own carbon credit methodologies while the EU prosecutor is investigating allegations of fraudulent emissions in Bulgaria. Let’s dig in!   Carbon Meets Coffee Seoul-based NH Investment & Securities, one of South Korea’s largest securities firms, is tapping into agricultural carbon credits. The company seeks to convert spent coffee grounds into biochar, a solid material that has high levels of carbon. When buried underground, biochar can capture and store carbon with up to 100x more stability than the material from which it’s made of. NH can collect and use plant residues and animal waste from its parent company's massive supply chain in the agricultural sector, and turn them into biochar. By doing so, the firm isn't only pushing
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Carbon Falling into the Deep

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March 4, 2023 Carbon Falling into the Deep A climate tech company publishes the world's first ocean-based carbon removal protocol while the largest carbon exchange releases its trading insight for 2022. Meanwhile, a forest carbon offset fund closes $242 million in funding while the Department of Energy rolls out $2.52 billion to fund two carbon capture initiatives. Let’s dig in!   Upgrading Carbon’s Biggest Reservoir MRV - measurement, reporting, and verification - is one key to showing that carbon reduction efforts are paying off and driving more investments into climate actions. Since the summer of 2022, Planetary Technologies has been testing its ocean-based MRV tech in the UK, Canada, and the US. Their goal is to remove up to 1 million tonnes of CO2 by 2028 while restoring coastal and marine ecosystems. Planetary’s MRV breakthrough is critical as it provides an open-source protocol that guides and boosts the development of ocean carbon dioxide removal projects. As the world’s f
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The Carbon Capture Bonanza

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February 18, 2023 The Carbon Capture Bonanza A giant energy firm will invest US$26 million to advance knowledge on carbon capture and storage in Australia while a carbon farming startup was able to raise US$73 million to improve soil’s ability to capture carbon. A VC fund specially dedicated to the carbon removal industry also secures US$42 million in funding as the world’s largest exchange for carbon credits will begin to trade Cercarbono carbon offsets on its platform.   Let’s dig in. The Buzz to Net Zero Carbon capture and storage (CCS) is a big buzzword in the world’s quest to reach net zero. Energy giant Chevron believes that it has a crucial role to play in meeting net zero targets “in almost any scenario”. As proof, Chevron Australia is investing US$26 million to advance carbon capture and storage (CCS) research in the country.  For the record, the energy firm had allotted a $10 billion dollar investment last year into low-carbon business initiatives. And that includes buying st
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From Orange Fires to Blue Carbon

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February 4, 2023 From Orange Fires to Blue Carbon An IoT firm unveils the hidden economic and environmental costs of wildfires - over $148B and 30% of emissions. An oil and gas supermajor unlocks the key trends and insights surrounding the global energy transition out to 2050. America’s supercharged Un-carrier reveals its 2040 net zero target for the first time while two key players join forces to boost blue carbon credits.  First up... Don’t Play with Fire Within just one decade, eight of the worst wildfires on record have occurred and they’ve become even fiercer, burning about 2x more tree cover today as they did two decades ago.  Yet, the full impact of wildfires remains underestimated and their real costs kept hidden, which the IoT firm Dryad unveils in its new report "What lies beneath – the hidden truth about wildfire”.  The company estimated that wildfires cost the U.S. $148 billion and more. They're also a potential source of 30% of emissions by 2100. These and other u
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