Today news
About the same in other media
Klima DAO accumulates $100M of carbon offsets, aims to drive up price
Reading now: 776
Climate-change focused Klima DAO has accumulated over 9 million tonnes of carbon offsets according to a Nov. 8 announcement. The USD value of those offsets has surpassed $100 million.
In a blog post, the project explained that those offsets are equivalent to the annual emissions of Georgia, Jamaica, or Papua New Guinea. The Klima DAO protocol aims to increase the price appreciation of carbon assets.
The core team told Cointelegraph that it intends to put upward pressure on the price of carbon offsets “so that it becomes more profitable to engage in offset-generating activities, such as conserving land for carbon sequestration, or restoring forests and wetlands.”
Carbon offsets are reductions in greenhouse gas emissions in one place to
Read more on cointelegraph.comAbout this in other media
Strong Demand, Continued Shortages Push Up Prices in U.S. and Europe wsj.com /3 years ago
IBC DAO raises $500,000 from 50 crypto investors in crowdfunding round economictimes.indiatimes.com /3 years ago
Law Decoded: Constitutions of the future will be ratified by DAOs, Nov. 15–22 cointelegraph.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
