Building A Better Environment With Blockchain
The scheme was launched by the three partners on the sidelines of the United Nations Conference on Climate Change, or COP 25, in Madrid.
ICC Secretary General John W.H. Denton commented in the press release:
“As part of ICC’s declaration for the next century of global business, we are committed to making climate action everyone’s business by supporting the research, development, and deployment of digitally-enabled solutions.
This partnership will harness the power of technology to accelerate innovation, and inspire real, concrete action to keep our air carbon-free.”
Reducing Carbon Emissions In Commercial Aviation
The ICC will seek to spread the adoption of AirCarbon’s carbon credits solution, which acts as a blockchain-based trading network for CORSIA, the existing carbon offset scheme from the International Civil Aviation Authority.
CORSIA came into being in 2016, at the time attracting 191 countries as signatories and hence potential markets for AirCarbon.
Image Credits: Andy Carter | Beta Weku