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Post by account_disabled on Jan 2, 2024 21:39:52 GMT -8
Claims for offsetting carbon credits are expected to skyrocket to $550 billion by 2050 to meet Paris Agreement targets. (Agreement according to the United Nations Framework Convention on Climate Change) Ripple, a leader in enterprise blockchain and crypto solutions Announces $100 million commitment to carbon markets This funding will help accelerate carbon removal activities. and help modernize the carbon market through investing in innovative carbon.
Removal companies and climate-conscious Phone Number Data fintechs. Ripple will also build a portfolio of additional long-term organic and scientific carbon credits, some of which will be applied to meet the company's commitment to achieve zero carbon emissions within the year. 2030 or earlier Additionally, the funding will continue to support new functionality and developer tools that enable the creation of carbon credit tokens. It is the main NFT (non-fungible token) on the XRP Ledger (XRPL).
This commitment will help advance progress towards globally agreed upon climate goals to limit the increase in global temperatures. at 1.5 degrees Celsius Carbon markets are struggling to keep up with increasing demand. This is hampered by supply bottlenecks and slow time-to-market. Including the lack of high quality products that can be verified. To achieve global climate goals Carbon markets require improved mechanisms for project verification and certification.
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