Published 2 years ago by Richard Kastelein

Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties.

Laszlo Giricz, founder of the venture Poseidon, announced the launch of a partnership to create a carbon currency that will revolutionise the way we value nature, using Blockchain technology to access the carbon market. The landmark Paris Agreement confirmed that a global market for carbon credits is inevitable with a growing demand for emissions reductions and a need for complete transparency and trust in carbon accounting. As well as supporting companies in their efforts to reduce their carbon emissions, this technology will enable consumers to participate through small everyday micro- transactions. Speaking during New York Climate Week at the Sustainable Investment Forum, Giricz said: Together with its strategic partners, Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s Blockchain technology. Following a fundraiser in January 2018, Poseidon will source carbon credits through Ecosphere+, a venture founded by the Althelia Climate Fund, which finances a range of high-quality environmental assets around the world with measurable societal benefits, including in particularly vulnerable ecological zones, such as Brazil, Guatemala and Peru. Poseidon will formally launch in January 2018 as a non-profit vehicle, based in Switzerland, dedicated to building demand for carbon credits through Blockchain technology. Ecosphere+ (E+) is part of the impact investment Althelia Climate Fund, and is led by Lisa Walker, with a mission to grow the global demand for carbon reductions, thereby creating an incentive to prevent the destruction of critical ecological systems, such as rainforests, which balance the carbon in our environment. Through its projects in vulnerable ecological zones, E+ will source and supply carbon credits to Poseidon and market these digital solutions to clients going carbon positive.