October 29, 2022 Is A Regulatory War Brewing In Washington? One country hosts the largest carbon credits auction while another one calls to regulate the market. One country finds it just to place a carbon tax on cow's emissions. And a large British bank decides to stop backing up fossil fuel projects.  It’s a busy week in the global carbon market, so let’s jump in. The Senators' Plea U.S. Lawmakers are drawing regulatory attention to the Voluntary Carbon Market (VCM). Several leading lawmakers, including Sen. Elizabeth Warren, have asked the Commodity Futures Trading Commission (CFTC) to regulate some of the registry and verification programs used in the VCM. In theory, this will allow the CFTC to ensure a higher all-around quality of offsets. Whether that theory becomes reality remains to be seen. The Largest Carbon Credits Auction Ever  Who would have thought that the biggest oil exporter region in the world will also hold the largest carbon credits auction ever? Saudi Arabi...

October 22, 2022 Market Inefficiencies Strike Again! $2.6 billion is a lot of money to leave on the table - but as the VCM grows, so do the lost opportunities.  On the plus side, everyone from musicians to sovereign nations are still jumping into the VCM with both feet. Read on to find out more. The Rise of Sovereign Credits Companies pledge net-zero, then purchase offsets. Individuals do the same. But what about countries? Finding the money to develop large-scale, environmentally-friendly projects can be a challenge. That’s where sovereign credits come in. Using the REDD+ framework, countries can sell carbon credits directly and use the funds to preserve vast natural carbon sinks. The scheme is especially valuable for rainforest countries. Sovereign credits work slightly differently from your average VCM offset, but they’re drawing increasing attention from major corporations like Deutsche Bank. The VCM Could Be $2.6 Billion Bigger That’s the estimated cost of verification delays ...

Blockchain service GESIA PLATFORM will participate as a " silver sponsor " in Blockchain Week in Busan (BWB) 2022 , which will be held at BEXCO for 3 days from (KST)27th to 30th! The GESIA platform provides services that anyone can use through web 3.0, such as donating points and issuing NFT certificates using blockchain and the community's collective intelligence based on carbon offsets. To achieve the net-zero goal by 2050, we provide social contribution services that allow participants to voluntarily participate in environmental movements, and support services that can generate revenue through this. We will open a GESIA Platform brand booth at the venue to introduce businesses based on carbon offsets, and host a 'NetZero Journey with GESIA' event. Participants will experience the NetZero ecosystem through a series of processes to check individual carbon emissions by entering individual carbon emissions into kiosks deployed on-site and purchase carbon offsets....

What is Your Carbon Footprint and How to Reduce It? Are you wondering how much carbon dioxide you release into the air? Then you may want to know what is your carbon footprint. Every time you do something that burns fossil fuels, you emit carbon into the atmosphere. If you’re driving a car, flying in a plane, eating something, or only watching TV, you’re emitting carbon. Your home or the building you’re living in also factors into your personal emissions. Some people emit more carbon dioxide than others. But your individual carbon footprint is a part of the total emissions released into the air. It all adds up. So, it’s crucial that we know our individual carbon footprints and how we can reduce them. It will help the world’s quest to reverse the disastrous climate change effects. This guide will help you know how much CO2 you’re emitting and what are the ways you can do to reduce it. What’s Your Individual Carbon Footprint? According to WHO, a carbon footprint is a measure of the impac...

What is the Best Carbon Credit to Buy? A Buyer’s Guide on Different Types of Carbon Credits A lot of people and organizations nowadays consider offsetting their emissions by buying carbon credits. Unfortunately, it’s quite hard to know which carbon credits are effective and which ones aren’t. Also, the quality and price of the carbon reduction or removal processes involved may vary a lot. Hence, we’d like to address the confusion about this concern through this guide article. It will help potential carbon credit buyers and other people interested in the space. Why Do We Need to Buy Carbon Credits? There are approximately 2.5 trillion tons of carbon equivalents released into the atmosphere since humans started emitting CO2. And still, we continue to release 50 billion tons of CO2eq each year, making global warming a dire concern. So, individual leaders and companies around the world agreed to limit warming to a critical 1.5°C. Massive GHG emissions reductions are vital so as not to exce...

Carbon Pricing Explained: How Carbon Credits, Carbon Offsets and Taxes are Priced     Between talk of carbon credits, carbon offsets, and of course carbon emissions, it can feel like carbon is everywhere. But unless you understand carbon pricing, you’ll never understand how – and why – carbon markets work the way they do. Let’s break down carbon pricing, starting with a simple question: why put a price on carbon at all? Carbon Pricing Basics There’s a real-world cost to carbon emissions. The various carbon pricing mechanisms exist to identify that price and (in some cases) to create a carbon market. The problem lies in measuring carbon pollution and identifying the resulting environmental damage, much of which is tied only indirectly to carbon dioxide emissions. Different carbon pricing instruments estimate the cost of carbon in slightly different ways. Most of the major carbon pricing tools also handle carbon revenues differently. Estimating the Cost of Carbon Emissions Begin...

October 15, 2022 The Trillion Dollar Price of CO2 Emissions China’s net zero ambition calls for not only billions but $17 trillion while Brookfield will pour billions of its assets to help decarbonize the world.  Both the London Stock Exchange and World Bank have new launches that are good news for the VCM. This week of carbon news is full of big names and numbers, so here we go! The Price that China has to Pay As the largest emitter of CO2 in the world, generating around 27% of all global emissions, it's no wonder China has to do all it can to cut its carbon emissions.  But that comes with a huge price worth $17 trillion as per the World Bank analysis. And that massive investment involves the power and transport sectors only for green infrastructure and technology. Try factoring in funding needed by the other sectors like building, energy, and agriculture, and you'll get an idea of how expensive it will be for China to decarbonize.  Brookfield's $2+ Billion Bet One of th...