Carbonbase Introduces Innovation with Global Climate Registry (GCR) on Hedera Hashgraph. What does this mean for carbon markets?
Since Asia-Pacific is responsible for more than half of the world’s CO2 emissions, there was an imperative need for a local carbon registry.
Carbonbase, in collaboration with the HBAR Foundation and ImpactX, has unveiled the Global Climate Registry (GCR) in response. This digital platform can potentially revolutionize carbon credit monitoring and emissions reduction.
The Hedera Hashgraph Network Facilitates GCR
The GCR’s reliance on the Hedera Hashgraph network increases its transparency. In addition, it gives small to medium-sized developers an opportunity to flourish and offers corporate buyers a transparent view of their carbon credit investments. The visionary behind Carbonbase, Max Song, expressed his enthusiasm.
“By leveraging the strength of both Hedera’s network and ImpactX’s innovative approach, we’re forging ahead into a new era for the carbon market,” said Song. Hence, this collaboration sets the stage for transformative changes in the climate-tech sector.
GCR Complies With IEEE Standards
Moreover, the GCR’s standards are consistent with the IEEE, a prestigious organization for electrical and electronic engineers. Consequently, this adherence ensures the credibility of climate impact reports, a crucial factor in today’s environmentally conscious society.
The IEEE’s Kartik Kulkarni praised the collaborative effort, recognizing its potential to nurture cost-effective, high-impact climate initiatives.
🤝 @carbonbaseco has partnered with the @HBAR_Foundation and ImpactX to Launch Asia’s First Digital Carbon Registry ⤵️
“We believe in a future where the balance sheet of our planet lives on a public ledger… We’re excited to see Carbonbase and ImpactX adopt the #Hedera Guardian… pic.twitter.com/jkmfEtXBXq
— Hedera (@hedera) August 28, 2023The HBAR Foundation’s Wes Geisenberger highlighted GCR’s unique proposition.“Imagine a world where our planet’s ledger is public and transparent. That’s the revolution GCR brings to the table,” he stated.
In addition, ImpactX’s Karen Robbins emphasized the significance of a seamless digital experience for carbon credit developers and purchasers.
The release of the GCR represents a more sustainable future than just a technical achievement. By creating this database, the Asia-Pacific region will be more vital positioned to lead the international fight against climate change.
