Reaching Net Zero: A Carbon Credit Blockchain Solution

  • Lois Tullo, Executive in Residence, Global Risk Institute
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About this Report

This report presents a technological solution to helping manage climate change. A new blockchain-based carbon credit trading platform that could make the global carbon credit market more transparent, secure, efficient, climate-friendly and trusted, to facilitate broader adoption and help achieve net zero carbon emissions by 2030.

Most of the world agrees on the urgency to achieve net zero to stave off the most severe consequences of climate change, however carbon credit trading, a key tool in the climate fight, has been hampered by mistrust and slow adoption. The World Bank has now partnered with the Carbon Action Data Trust (CAD-T), and the Chia blockchain to provide a solution that could dramatically improve adoption, while also supporting other United Nations Sustainable Development Goals.