carbono

In a groundbreaking action in the cryptocurrency market, the development team responsible for the Harvest Finance (FARM) project announced the purchase of the Brazilian cryptocurrency MCO2 to offset the carbon footprint of the crypto asset.
As announced by the company, with this action, Harvest Finance became the first DAO to experiment with carbon emission offsets and help preserve the Amazon rainforest.

In total, according to the company, 300 MCO2 tokens were bought and burned, which represents the offset of 300 tons of carbon emissions. This is equivalent to approximately 5000 transactions conducted on Ethereum, according to the ETH Energy Consumption Index.

Ben Laidler, global markets strategist at trading and investment platform eToro. Laidler analyzes the fall in the price of carbon permits from the European ETS due to “low demand and greater supply!” “This is a setback for decarbonization incentives and adds to the pessimism of the sector, from Tesla to renewable reserves. However, most of these excesses are cyclical and a regulatory restriction on supply and demand is looming,” he points out.