Blockchain Is Key To Improving Carbon Credit Markets
3 Articles
3 Articles
Northern Trust Progresses Carbon Markets
Northern Trust launched its blockchain-based Carbon Ecosystem in September 2024 and a year later the firm has partnered with Absolute Climate, the first independent quality assurance provider. The Carbon Ecosystem platform is powered by Northern Trust Matrix Zenith, its digital assets platform to allow institutional buyers to buy digital carbon offsets created by a carbon reduction or sequestration project. These voluntary markets are mainly dr…
The effects on the planet’s climate are indifferent to the geographical location where emissions of Greenhouse Gases, or CO2 equivalent (“carbon”) originate. But the cost of reducing emissions does vary widely with geography and economic sector. Therefore, the cheapest options must be sought incrementally, in order to minimize the total cost and achieve economic efficiency in the global public good par excellence: the climate stability of the pl…
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