After Klima DAO success, crypto initiatives set to multiply in offset market

Following the success of Klima DAO late last year (which led to a sharp rise in offset prices), an increasing number of companies are reported to be looking to develop plans for associating voluntary carbon markets with blockchain.

Cryptocurrencies have been responsible for as much as one-third of all carbon offset demand in recent months. This has helped push prices to record highs as large volumes of old credits are bought up. The voluntary carbon market is considered by some as ideal for applying blockchain. This is because it lacks transparency, remains unregulated and is diverse (comprises a wide variety of project and credit types and vintages).

Adapted from an article in