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Carbonplace has revealed its new CEO and has secured $45 million in financing.

Pushing forward net-zero innovations using the cloud – The Edge Singapore

ImpactDigger by ImpactDigger
June 1, 2023
in Carbon market
Reading Time: 2 mins read
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Consumers are increasingly concerned about their carbon footprint and are seeking out products and services that are environmentally sustainable. To meet this demand, companies are increasingly focusing on reducing their own carbon emissions and offering carbon-neutral products.

Carbon-neutral products are those that have a net zero impact on the environment in terms of carbon emissions. This can be achieved by reducing emissions from the production process and offsetting any remaining emissions through initiatives such as tree planting or investments in renewable energy projects.

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To ensure that carbon-neutral claims are credible, they must be audited and traceable to recognized registries such as Verra and Gold Standard. These registries provide independent verification that the emissions reduction claims are accurate and that the associated carbon offsets are real and additional.

Verra, formerly known as the Verified Carbon Standard, is a nonprofit organization that sets the standards for carbon offset projects worldwide. It certifies projects that meet strict criteria for carbon reduction and engages stakeholders to ensure that the projects are sustainable and effective.

Gold Standard is another voluntary certification program that focuses on climate security, sustainable development, and community consultation. Its standards are designed to promote the highest levels of social and environmental sustainability in carbon offset projects.

By using these registries, companies can demonstrate that their carbon-neutral claims are credible and backed by independent verification. This can help to build trust with consumers who are looking for sustainable products and services and can also provide a competitive advantage in the marketplace.

As the demand for sustainable products continues to grow, the use of credible carbon offset registries is likely to become increasingly important. By working with these organizations, companies can help to create a more sustainable future while also meeting the needs of environmentally conscious consumers.

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