Carbon Credits & Crypto
January 17, 2023
We’ll look at the rapid and strategic developments in the emerging cryptocurrency niche of mandatory carbon offsets, applied to the blockchain. Mark Cuban has been an early investor in this space, and, has committed to regular purchases of carbon credits in the open market. This has been said to be one of the most significant growth opportunities over the next decade. One seasoned investor puts the segment as being, right now, where bitcoin was a decade ago, with regard to the outstanding and lucrative growth opportunities ahead of us.
A project combining carbon credits and crytocurrencies would tokenize carbon credits, which could then be traded on a blockchain as a cryptocurrency. The idea behind it is to make carbon credits more tradeable and accessible to a wider range of investors, and therefore increase the demand for carbon credits.
Many are totally unaware of the recent agreements with the past year or so which are transitioning these markets from voluntary to mandatory. These mandatory markets will mandate entire commercial segments to purchase carbon credits in the open market to offset their carbon emissions. This represents a ground floor investment opportunity with practically limitless potential, versus a fixed supply.