Ken Weber told about the opportunity for blockchain-powered carbon markets to combat climate change

Ripple’s Head of Social Impact Ken Weber told about the opportunity for blockchain-powered carbon markets to combat climate change.

Ripple’s Head of Social Impact Ken Weber in a special article on the official website told about the opportunity for blockchain-powered carbon markets to combat climate change. From the material it is worth highlighting the following points:

Ultimately, blockchain and crypto can help create greater value for both carbon removers (suppliers) and buyers, bringing increased liquidity and scale to carbon offset markets while driving fairer prices and a greater share of revenue to suppliers—many of whom are located in emerging economies. For buyers, carbon can now be increasingly managed as a diversified asset class, whether for corporate net zero commitments, strategic ESG and/or financial ROI. New blockchain initiatives and partnerships are also helping make carbon offset markets more efficient, accessible and transparent.
Xange.com is a U.N.-backed, climate-focused fintech developing a carbon credit solution on the XRPL that will issue carbon credits from the African Great Green Wall Initiative as NFTs. By using the XRPL, Xange.com can eliminate fraud and establish a clear framework and audit trail for other carbon trading projects to replicate.
Many partners choose to work with Ripple because of our commitment to help modernize and scale carbon markets. This program will build an inventory of high-quality carbon credits, invest in carbon-removal technology companies and market makers, and support new functionality on the XRPL to facilitate carbon credit trading. What’s more, Ripple has expertise in delivering enterprise-grade, Know Your Customer (KYC)-compliant solutions globally utilized by hundreds of banks, fintechs and more.