One of the largest private equity companies in the world is behind a carbon removal startup putting carbon credits on the blockchain. But, why?

‍What’s happening:‍

• Swedish carbon removal startup Net Zero Company has raised $5.5M USD in a seed round
  

The big idea:‍

• Net Zero Company is focused on nature based carbon removal projects which produce high quality carbon dioxide removal credits
  
• Those carbon credits are then verified and put onto the blockchain through the Net Zero Company's native digital asset token
  
• Net Zero Company’s token is built on the Ethereum blockchain and is accessible globally
  

Why it maters:‍

• Carbon credits continue to be in high demand, with technology giants making record breaking purchases and countries such as Denmark beginning to ramp up government funding
  

Going deeper:‍

• Net Zero Company has multiple notable backers, including private equity giant The Carlyle Group (NASDAQ: CG) and fuel company OilInvest Group
  

The intrigue:‍

• Microsoft (NASDAQ: MSFT) previously announced a collaboration with Net Zero Company to explore ways to leverage Microsoft’s technologies to accelerate innovation around carbon dioxide removal credits becoming a real world asset

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