– ClimateTrade enables peer-to-peer transactions through a CO2 token and will be tested by a select group of corporations and governments.
– The official presentation will take place in December during COP24.
Alexis L. Leroy, founder and CEO of ALLCOT Group, and José Lindo, CEO of Climatecoin, have collaboratively signed an agreement to promote the use of blockchain in the face of carbon market challenges, such as double counting, transparency, trust, and scalability.
Climatecoin (denominated CO2 in exchanges), was pioneer in tokenization and use of blockchain with the aim of democratizing the carbon market, allowing anyone in the world to take part, in a simple way, in mitigating climate change. Thanks to the funds obtained with its ICO, it has developed ClimateTrade, its own exchange platform for carbon credits.
Based on Ethereum and sStellar technology, the platform is presently in the testing phase;, however, it already allows the promoters of mitigation projects, such as ALLCOT, to connect easily with responsible companies, either by legal mandate or because they are committed to Corporate Social Responsibility.
Climatecoin wants to offset their emissions by buying peer-to-peer carbon credits, directly, without traders or middlemen, leading to greater traceability.
“After these last months of meetings with producers, governments and especially corporations, we confirmed the need to simplify the user experience for investors or buyers of carbon credits, and that is exactly what we have done with ClimateTrade and Climatecoin” said Jose Lindo.
ALLCOT Group is a leader in tools and strategies for managing greenhouse gas emissions (GHG) for companies of all sizes.
Its services include the development of compensation, measurement, and development of GHG emission reduction. Using an innovative approach, they create long-term creative sustainability alliances with clients from different areas.
ALLCOT is a member of IETA, Climate Markets & Investment Association (CMIA), Carbon Pricing Leadership Coalition (CPLC) and Sport and Sustainability International (SandSi).
“The synergy between our entities, through its unique combination of expertise and values, aims to bring landmark contributions and innovations to the industry,” said Alexis L. Leroy, CEO & Founder of ALLCOT.
The testing of ClimateTrade in the upcoming months will be the top priority of both companies. ALLCOT is the first company to commercialize their carbon credits in the platform; but, they are not the only ones; ALLCOT is also offering Climatecoin to select companies that would upload their projects to enrich the portfolio.
The second strategic pillar will be the development of new innovative financing mechanisms based on blockchain for the initial phases of projects. Finally, they will oversee collaboration before major operations or joint tenders, allowing the international growth of Climatecoin thanks to its global network.
To achieve the objectives, Alexis Leroy, CEO of ALLCOT, has become a member of the board of advisors of Climatecoin, as well as assumed a role as representative spokesman at the Climate Chain Coalition, an initiative supported by the UNFCCC.
If you are a producer and you want to be part of the Climate blockchain movement, please contact email@example.com.