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The Startup Putting Carbon Removal Credits On The Blockchain

June 24, 2024
x min read
The Startup Putting Carbon Removal Credits On The Blockchain

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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