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🌿🌿Carbon Credits by The Rockefeller Standard Carbon Trust🌿🌿
The New Global Standard for CO2 Emissions Offset and Trading Blockchain Powered
Human culture, life and it's survival's key is based on every single step to prevent catastrophic climate change.
Rockefeller S.C.T will be officially present and operational
in the USA 🇺🇸, Saudi Arabia 🇸🇦, Qatar 🇶🇦, Turkey🇹🇷 , South Korea 🇰🇷 and Nigeria 🇳🇬
THREE new exclusive patented technologies will be officially presented that act directly on the capture of co2
in the air and TWO new patented technologies that will act on the significant reduction of Co2 emissions for chemical and metallurgical companies 👁🌎
The official presentation:
March 2023 : New York🇺🇸
BRANCHES:
March 2023: Riyadh 🇸🇦
April 2023 : Doha 🇶🇦/ Istanbul 🇹🇷
May 2023 : Seoul🇰🇷/ Abuja🇳🇬
#rockefellerstandardcarbontrust
"A carbon credit is a generic term for any tradable certificate or permit representing the right to emit a set amount of carbon dioxide or the equivalent amount of a different
greenhouse gas (tCO2e).
The goal is to allow market mechanisms to drive industrial and commercial processes in the direction
of low emissions or less carbon intensive approaches than those used when there is no cost to emitting
carbon dioxide and other GHGs into the atmosphere. Since GHG mitigation projects generate credits,
this approach can be used to finance carbon reduction schemes between trading partners around the world."
Robert Clyde Rockefeller
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🌿🌿The Carbon Credits by The Rockefeller Standard Carbon Trust🌿🌿
What are carbon credits?
Carbon credits take many forms, but the term generally refers to a tradable certificate which gives its owner the right to emit one tonne of carbon dioxide (or an equivalent amount of another greenhouse gas).
The EU’s Emission Trading Scheme was launched in 2005 as the world’s first carbon market and it remains the largest. The scheme issues carbon credits (European Union Allowances), and until 2021 also allowed for the use of carbon offsets. While credits represent the right to emit carbon, offsets are generated through projects which reduce emissions. So if a company running a factory in Germany wished to exceed the emissions permitted by its allowances, it could buy more allowances in the market, or could purchase offsets (generated by a renewable energy project in Spain, for example) to maintain the overall emissions equilibrium.
The Emission Trading Scheme (and others like it, including California’s cap and trade system) take a market-based approach to pricing carbon credits. The price of the allowances is set by the market and allows firms to determine whether it is cost-efficient to emit more CO2. Firms will bear the costs of having to buy further credits if they exceed their allowances or can generate profits from reduced emissions by selling allowances. Electric carmaker Tesla has generated in excess of $4.4bn through carbon credit sales since 2008, including sales of $2.4bn to its petrol-powered competitor Fiat Chrysler.
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🌎McKinsey & Company Sustainability report 🌎
The Taskforce on Scaling Voluntary Carbon Markets (TSVCM), sponsored by the Institute of International Finance (IIF) with knowledge support from McKinsey, estimates that demand for carbon credits could increase by a factor of 15 or more by 2030 and by a factor of up to 100 by 2050. Overall, the market for carbon credits could be worth upward of $50 billion in 2030.
The market for carbon credits purchased voluntarily (rather than for compliance purposes) is important for other reasons, too. Voluntary carbon credits direct private financing to climate-action projects that would not otherwise get off the ground. These projects can have additional benefits such as biodiversity protection, pollution prevention, public-health improvements, and job creation. Carbon credits also support investment into the innovation required to lower the cost of emerging climate technologies. And scaled-up voluntary carbon markets would facilitate the mobilization of capital to the Global South, where there is the most potential for economical nature-based emissions-reduction projects.
#rockefellerstandardcarbontrust
Global management consulting | McKinsey & Company
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Robert Clyde Rockefeller
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