Redação Digital Agro
The B4, the world’s first carbon credit exchange, was launched in Brazil last Wednesday (16). The event, which took place in the capital of São Paulo, marks the first step towards an unprecedented experience, which brings together innovative solutions capable of effectively reducing CO2 emissions on the planet.
B4 has an infrastructure based on Blockchain technology, which offers advantages in terms of security, traceability, transparency, inclusion and transaction reliability. The creation of the exchange facilitates access to trading digital assets backed by carbon positive, seeking to offer the best experience to achieve Net Zero – that is, carbon neutrality.
According to the ESG Radar 2023 report, promoted by Infosys, by 2025 around US$ 53 trillion should be invested by companies in ESG guidelines, that is, focused on environmental, social and corporate governance actions.
Faced with this scenario, the technology used by B4 stands out, as it guarantees, through traceability, the end of the biggest problem in the carbon credit market: duplicate credits – a major challenge for companies involved in the carbon credit market. emissions compensation.
When a carbon credit is issued or traded more than once, it results in misuse of an already debited asset. In this way, the credibility of companies that undergo this process is undermined, while investors lose confidence.
Without an adequate system to transparently track and record transactions in these assets, the problem is likely to recur. With blockchain technology, the B4 climate action exchange offers a solution that allows the immutable and effective recording of information, in a transparent distributed environment.
About B4
B4 is a climate action exchange, offering a secure, immutable and inclusive environment where transactions can be tracked in real time. B4 contributes to the mitigation of environmental impacts, promoting sustainability and offering a reliable solution for participants in the carbon credit market.
