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ArticlesHow the blockchain will make the carbon credit market transparent
The carbon credit market needs more transparency and accountability. Some suspect carbon credits and projects cast a shadow on the reputation of the entire carbon credit market. To solve this problem, companies are starting to use blockchain.
The global carbon market has existed since 1997, when the Kyoto Protocol introduced carbon credits as a way to offset greenhouse gas emissions. Selling credits means individual industries must pay to emit gasses that harm the climate, while projects designed to rid the air of greenhouse gasses can receive additional funding.

Carbon credits increase the value of forests and motivate people not to destroy green areas. If carbon credits bring in more money than a pasture or a seeded field, the reasoning goes, landowners won't burn or cut down the forest.
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