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KlimaDAO, SCB Group and Solid World partner on prepaid carbon pool

KlimaDAO, SCB Group and Solid World partner on prepaid carbon pool
Cookstove delivery at The Gold Standard certified project for the provision and use of Improved Cookstoves for Rohingya Refugees in Bangladesh (photo courtesy SCB Group).

Switzerland-headed low-carbon commodity brokerage and services provider SCB Group has announced that it has partnered with MTÜ Solid World DAO (Solid World), and KlimaDAO to deploy prepaid carbon liquidity to improve efficiency and price discovery in carbon markets. The prepaid credits will be from The Gold Standard certified project for the provision and use of Improved Cookstoves for Rohingya Refugees in Bangladesh.

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KlimaDAO, a leading decentralized autonomous organization (DAO) provider of blockchain-based carbon credits and market infrastructure, has partnered with SCB Group to launch a new prepaid carbon liquidity pool using the platform from Estonia-headed Solid World.

Solid World and SCB share our vision of leveraging technology to create a more dynamic, innovative, and importantly, scaleable climate finance market. We’re thrilled to collaborate and utilize Solid World’s next-generation market infrastructure, said Andrew Bonneau of KlimaDAO.

A novel solution for prepaid carbon credits

Solid World’s infrastructure is a novel solution creating a liquid market for prepaid carbon credits that have yet to be issued, bringing major benefits to the broader Voluntary Carbon Markets (VCM).

The Solid World CRISP framework helps increase the confidence and predictability of funding for projects that are yet to issue carbon credits and shortens the payback times for project developers.

In a world where carbon markets often hide behind shadows, unclear signals, and sporadic liquidity, we envision a horizon where clarity and transparency reign supreme. Together with our pioneering partners, we’re charting a path toward a future of luminous markets, where clear commodity prices don’t just reflect value but catalyze monumental change. We believe in transforming this sector not merely as a marketplace but as a beacon, illuminating hope and action for our planet’s future, said Stenver Jerkku, CEO of Solid World.

The new prepaid credit pool has launched with 54,050 tonnes of carbon and over US$1 million in total liquidity.

Along with colleagues, I have visited the refugee camps in Bangladesh and seen firsthand the beneficial impact of improved cookstoves on the lives of the Rohingya people and the wider community. Our commitment to projects like this is profoundly personal. Distributed ledger technology is a natural ally to the Voluntary Carbon Market and a powerful force for good, fostering growth and nurturing a more sustainable world. We are honored to partner with Solid World and Klima to further our collective goal of a low-carbon future, said Kevin McGeeney, CEO of SCB Group.

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