Flowcarbon
Blockchain Service
Flowcarbon is a pioneering climate tech company.
Start:
Dec 12, 2023 00:00:00
Ended:
Dec 30, 2023 00:00:00
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What is Flowcarbon?
Flowcarbon is a pioneering climate tech company. Our mission is to use blockchain to make carbon markets accessible to everyone, so that decarbonization activities and natural ecosystems become more highly valued, and new projects to protect and restore nature are unlocked worldwide.
We are founded by women, backed by some of the biggest investors in the world, and committed to driving real impact for people, biodiversity and the planet.
Flowcarbon Unique Features
Carbon markets originated as a tool to hold corporations and countries accountable for their emissions. Cap-and-trade schemes were some of the first mechanisms in the market to develop. These schemes worked by allocating a certain amount of emissions to the entities in the market and then allowing the entities to trade the emission allowance between them. Say company A is allocated 1,000 metric tonnes per year, but they only admit 800 metric tonnes. Company A could sell this excess capacity to another company that has emitted more than their allowance.
As the market has evolved and the voluntary side has grown, it has emerged as an effective tool to direct investment into carbon reduction technologies. Without carbon markets, project developers would find it difficult to secure funding. However, with a well-established carbon market, investors feel confident supporting the development of projects because there is sufficient demand for the credits. This attracts more investors and more project developers and creates a flywheel accelerating the removal and reduction of carbon.
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