During our side event at the Digital Innovations Pavilion we demonstrated 2 new use cases:
- A tool for creating Project Idea Notes. A useful instrument that could help project owners with no prior experience in carbon markets to start their journey and help attract carbon financing more efficiently.
- Carbon forward tokens. An instrument for attracting early-stage financing needed to cover the implementation costs. These digital contracts on the future delivery of carbon credits will provide the much anticipated ex-ante financing mechanism for carbon projects. Actions of all stakeholders and transactions are recorded in a transparent and immutable database to prevent fraud. Self-executing smart contracts allow automation of the distribution and delivery of carbon forwards. Public Ledgers also provide additional liquidity opportunities, opening access to high-quality carbon credits to market participants that otherwise would be forced to use traditional methods such as OTC transactions.
We are inviting project owners and project developers who are interested in streamlining their carbon credit journey to collaborate with Evercity. Find more details at https://evercity.io/carbon_financing