What are Carbon Offsets?

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What are Carbon Offsets?

Carbon offsets are assets used to compensate for an entity’s carbon emissions. The offsets are from activities or projects that suck in carbon from the air. They’re also from initiatives that reduce future emissions.

As such, the credits produced by the projects represent the amount of carbon offsets that they deliver. They allow individuals, firms, and countries to offset their emissions.

• One carbon offset represents one carbon credit. And in turn, one credit equals one ton of carbon removed or prevented from entering the atmosphere.

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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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