Carbify’s Global Carbon Standard (GCS) Achieves ESPL and UNFCCC Certification
Discover the significance of Carbify’s Global Carbon Standard (GCS) achieving certification from ESPL and UNFCCC, and why this represents a major stride in the battle against climate change.
Unveiling a pioneering advancement, Carbify focuses on combating carbon emissions through an innovative approach. By harnessing NFTs, tokenized assets, and gaming, Carbify pioneers reductions in carbon emissions, offers food security to marginalized populations, and enhances social welfare for communities within the Amazon rainforest.
The Global Carbon Standard (GCS), meticulously crafted by a team of accomplished ecologists and data scientists, stands as a testament to Carbify’s unwavering credibility. On May 3, 2023, the GCS achieved official carbon standard recognition from ESPL (Earthood) and UNFCCC.
Understanding Carbon Standards
A carbon standard constitutes a framework of guidelines or regulations, establishing benchmarks for assessing and curbing carbon emissions. The GCS specifically targets carbon sequestration and absorption. The novel methodology devised by Carbify introduces a fresh perspective on carbon sequestration by encompassing plants, trees, shrubs, grasses, and herbaceous plants. This approach is underpinned by global scientific research and comprehensive data.
Entities aiming to offset carbon emissions, whether compelled or voluntary, must adhere to existing carbon standards to validate the methodology’s legitimacy and effectiveness. Accredited firms like Earthood, EY, KPMG, Deloitte, PwC, and Carbify can ascertain methodology validity using the GCS. The Carbify GCS is poised to authenticate these methodologies, and Carbify retains the prerogative to employ its GCS as a reference for audits. Organizations often enlist the services of the aforementioned audit firms, specifying a particular carbon standard for verification.
Carbify’s determined pursuit of this six-month validation journey was prompted by several factors:
- Manifesting a resolute commitment to action without compromise.
- Elevating our status as an authoritative validator and creator of tokenized CO2 assets for clients.
- Adhering rigorously to the exact rules and stipulations outlined within the GCS.
- Documenting and validating the ‘carbon debit,’ establishing it as the world’s inaugural carbon debit.
Understanding Carbon Debits
Carbify’s GCS stands apart from traditional carbon standards. Rather than relying on prospective pledges, our GCS solely recognizes and rewards carbon debits post CO2 absorption. This strategy ensures that Carbify’s clients make tangible contributions by planting trees that effectively remove CO2 from the atmosphere, bypassing untested technologies or vague commitments.
Carbon Credit vs. Carbon Debit:
- Carbon Credit: Often involves ‘borrowing’ from nature’s future capacity, allowing rewards for up to 25 years in advance.
- Carbon Debit: Payouts occur only after CO2 absorption.
- Verification via blockchain technology assures transparency, measurable emission reduction, and is superior to carbon credits.
- Carbify’s GCS supports local communities and existing biodiversity.
The $aCO2 tokens we offer exemplify carbon debits. These $aCO2 tokens seamlessly align with the global carbon standard.
Blockchain’s Role
All planted trees are tagged with geolocation data embedded in NFTs, directly linked to individual trees. Complete historical data pertaining to CO2 claims and burns for each unique tree or project is accessible to all. Immutable blockchain technology ensures tamper-proof data integrity. Based on on-chain data, Carbify extends a data API to businesses seeking to offset their carbon emissions. Blockchain guarantees trust, accountability, and transparency.
New Avenues for Revenue
The Global Carbon Standard presents an avenue for companies seeking:
• Certification of their methodologies.
• Endorsement by the GCS.
• Tokenization of carbon-related assets within the GCS framework.
• Tailored consultation for custom data and ecology trajectories or bespoke programs.
A compelling project with a Canadian company underscores our endeavors. They’re poised to introduce a CO2-based token utilizing their unique methodology, leveraging the GCS as the carbon standard.
Part of the services mentioned above will be facilitated via $CBY tokens. Carbify’s guidance will facilitate this process, resulting in periodic market buys and subsequent $CBY token burns.
ABOUT CARBIFY
Carbify’s efforts are already manifesting through the annual planting of 250,000 trees, supporting over 100 families and Amazon communities, providing sustenance for 10,000 individuals, and restoring 1.25 million square meters of rainforest. By offering carbon debits to companies, Carbify empowers them to counteract carbon emissions, bolster reforestation, and foster social welfare. Carbify’s unique games incorporate CO2 tokens in microtransactions, allowing players to offset their carbon footprint unwittingly. This strategic approach reaches demographics otherwise untapped by emission offset initiatives.
Are you just as positive as we are? Join us in our efforts! Contribute, Compensate or learn more about our project.
Carbify Greenpaper: https://docs.carbify.io/
Carbify Website: https://www.carbify.io
Carbify Discord: https://discord.gg/carbify
Carbify Telegram: https://t.me/carbify
Carbify Twitter: https://twitter.com/Carbify_io
