š± UN Launches Carbon Credit Marketplace on Blockchain
In March 2025, the United Nations Environment Programme (UNEP) announced the launch of a decentralized carbon credit marketplace, built on the Celo blockchain, to support global climate goals.
ā»ļø The platform allows verified projects ā like reforestation, clean water, and renewable energy ā to tokenize their carbon offsets as NFTs. Individuals and companies can buy, trade, or retire these credits transparently.
š Smart contracts automate issuance and tracking, eliminating fraud and double-counting ā a major issue in traditional carbon markets.
š The system supports small-scale environmental projects in Africa, Asia, and Latin America, opening up global funding channels without intermediaries.
š” Experts believe blockchain can help fight climate change by bringing credibility, liquidity, and access to carbon finance.
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