The first Web3 project to have an officially recognized carbon standard is Coorest, a polygon-based carbon offset project. The Coorest Carbon Standard (CCS), which uses distributed ledger technology to remove unjust and ambiguous carbon offset practices, is a new baseline for CO2 compensation approved by an official UN auditor. Coorest is changing how people and organizations can accurately account for their carbon footprint and influence meaningful change for a better tomorrow in collaboration with Polygon. The big news is out! #Coorest is the first blockchain project to have a certified standard for carbon compensation entirely on-chain.@0xPolygon @chainlink @Floodlight_US #SmartCon2022 💚https://t.co/DtdTwZCpzN — Coorest – Official Channel (@CoorestOfficial) September 29, 2022 Coorest Constructing Decentralized Ecosystem On Polygon’s environmental-friendly network, Coorest is constructing a decentralized ecosystem for carbon emission compensation. Coorest’s NFTrees initiative generates $CCO2 tokens that may be exchanged for real-world trees or utilized as carbon offsets. Legacy problems plaguing the traditional carbon offset market reduce the effectiveness of climate action. These include, but are not limited to, unjust financial rewards to parties participating in carbon capture, double counting, and using retired offsets. Coorest exploits the immutability of the blockchain to bring transparency to the carbon compensation ...
