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Storm Exploration has identified a 5 kilometer-wide Volcanogenic Massive Sulfide (VMS) target at its Gold Standard project in British Columbia, Canada.

CarbonCred.Io, a carbon offset marketplace, has been launched by CYIOS Corp. (OTC:CYIO).

ImpactDigger by ImpactDigger
May 18, 2023
in Carbon market
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Publicly-traded holding company CYIOS Corp has launched CarbonCred.io, a subscription-based carbon offset marketplace which enables businesses and individuals to offset their carbon footprint and support carbon neutrality projects. CarbonCred.io has initially launched with two Verra Verified Carbon Standard-approved carbon offset projects: the Verra Rimba Raya Biodiversity Reserve Project and the Verra Solar Energy Project in India. Carbon credits, known as Verified Carbon Units, are issued to offset projects. Each unit represents one tonne of CO2 equivalent. The carbon offset market is an emerging market opportunity, with demand for carbon credits set to increase up to 15-fold by 2030 and up to 100-fold by 2050, according to the Taskforce on Scaling Voluntary Carbon Markets. The carbon credit market is predicted to be worth over $50bn by 2030 and many countries have set global emission reduction targets. The company is also developing a proprietary carbon-credit NFT marketplace, leveraging its Randombly NFT platform.

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Following COP27, the CME Group has shifted its focus to carbon pricing, with the launch of its new carbon futures contracts. The contracts will allow companies to hedge their exposure to carbon prices and help them manage their emissions-related risks. The CME Group is also working to develop additional products to further facilitate the development of carbon markets and provide more efficient price discovery.

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