Technology will make 'tokenized' carbon credits from the Amazon available

Carbon credit producers from the Brazilian Amazon will be able to sell their emission rights in a virtual environment - marketplace - of their own digital assets. The technology, which involves the tokenization of these credits, was developed by the North American startup Betablocks, specialized in blockchain infrastructure.

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Isabella Caminoto

December 15, 2022, 12:40 PM

A report from the newspaper Valor Econômico explains that the platform will connect forest managers and producers of carbon credit directly to companies and individuals who wish to use them to offset their emissions.

Brazil can generate revenue of up to US$120 billion in carbon credits by 2030

The potential for generating revenue from carbon credits for Brazil, by 2030, rose from US$100 billion to up to US$120 billion. This is what the update of the study “Opportunities for Brazil in Carbon Markets” shows, research that was developed by the International Chamber of Commerce (ICC Brazil), a business organizationarial, in partnership with WayCarbon, the largest strategic consultancy with an exclusive focus on sustainability and climate change in Latin America.

The marketplace may host projects in degraded areas, environmental preservation and native forest recovery initiatives, as well as institutional funds, consultancies and organizations that aim to enable sustainable development strategies. carbon neutralization.

A Betablocks – which was selected by the Elos da Amazônia program, from the Institute for Conservation and Sustainable Development of the Amazon (Idesam) – settled in Manaus to be closer to food producers. carbon credit and initiatives to develop this market.

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What is tokenization?

Within the metaverse there are a series of possibilities. You can buy and sell items and also use them. The so-called “tokens” are, more or less, virtual objects traded using cryptocurrencies. With the expansion and popularization of web 3.0, things present in the physical world can gain virtual representations and begin to be used in the metaverse. Some practical examples of tokenization are clothing, arts, audio, land and even financial assets. O Curto News explains it to you.

'Carta da Terra' talks about carbon credit sales projects

In Carta da Terra, published this week by Earth News, Lourival Sant'Anna talks about the conversation she had with forestry engineer Janaína Dallan, CEO of Carbonext: a company that manages more than 1,6 million hectares of credit sales projects carbon in the Amazon Forest. The specialist explains how the process to generate carbon credits works, all its stages and criteria. She even talks about how the relationship with indigenous communities in the region works.

This post was last modified on December 31, 2022 15:38 pm

Isabella Caminoto

Lawyer and master's student in International Law, I have democracy and freedom as undeniable flags. I am passionate about animals and believe that the well-being of our planet should be the daily highlight of our society's agenda.