Blockchain Opens Green Capital Market to Countries and Enterprises

Despite the futuristic forecasts, there are not so many real-world applications of the blockchain technology, especially at a global scale. But the green capital market, where the blockchain has already been tested and proven its applicability, is not a case. The technology opens ecological markets for enterprises, allowing emissions trading. In this publication, we explain how this happens.

Before turning to a specific case, let’s touch upon the above-mentioned emission trading and clarify the essence of this phenomenon.

The case concerns emissions of CO2 into the atmosphere, whose main issuers are power generating companies using fossil fuels. To reduce the harmful effects on the environment and the prevention of climate change, the Kyoto Protocol came into effect in 2005, providing for emission trading.   

Emission allowances, or quotas, and carbon credits (accountable emission reductions) are measured by carbon units equivalent to one tonne of carbon dioxide emitted into the…

Read Full Story : NewsBTC

2018-11-08 13:36:05

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