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#VeChain X CarbonCredits
What are CarbonCredits (CC)?
A carbon credit is a permit that allows the company that holds it to emit a certain amount of carbon dioxide or other greenhouse gases. One credit permits the emission of a mass equal to one ton of carbon dioxide.
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$VET
What are CarbonCredits (CC)?
A carbon credit is a permit that allows the company that holds it to emit a certain amount of carbon dioxide or other greenhouse gases. One credit permits the emission of a mass equal to one ton of carbon dioxide.
1/n
$VET
2/n
Some facts
- The ultimate goal of carbon credits is to reduce the emission of greenhouse gases into the atmosphere.
- Companies get a set number of credits, which decline over time. They can sell any excess to another company.
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Some facts
- The ultimate goal of carbon credits is to reduce the emission of greenhouse gases into the atmosphere.
- Companies get a set number of credits, which decline over time. They can sell any excess to another company.
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3/n
Result
Private companies are doubly incentivized to reduce greenhouse emissions.
First, they will be fined if they exceed the cap.
Second, they can make money by saving and reselling some of their emissions allowances.
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Result
Private companies are doubly incentivized to reduce greenhouse emissions.
First, they will be fined if they exceed the cap.
Second, they can make money by saving and reselling some of their emissions allowances.
$VET
4/n
History (CC)
1997 The United Nations' Intergovernmental Panel on Climate Change developed a carbon credit proposal to reduce worldwide carbon emissions in an agreement known as the Kyoto Protocol.
2001 The U.S. dropped out.*
2012 The first commitment period ended.
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History (CC)
1997 The United Nations' Intergovernmental Panel on Climate Change developed a carbon credit proposal to reduce worldwide carbon emissions in an agreement known as the Kyoto Protocol.
2001 The U.S. dropped out.*
2012 The first commitment period ended.
$VET
5/n
2015 170+ nations signed on to the Paris Agreement which also sets emission standards and allows for emissions trading.
2017 The U.S. dropped out.*
*The U.S. started their own initiatives; e.g. The Regional Greenhouse Gas Initiative and the Western Climate
Initiative.
2015 170+ nations signed on to the Paris Agreement which also sets emission standards and allows for emissions trading.
2017 The U.S. dropped out.*
*The U.S. started their own initiatives; e.g. The Regional Greenhouse Gas Initiative and the Western Climate
Initiative.
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Trading
While the trading of permits and offset credits takes place directly between entities – OTC or on exchanges – their movement is tracked by the Member States and at EU level through the Community Independent Transaction Log (CITL).
Trading
While the trading of permits and offset credits takes place directly between entities – OTC or on exchanges – their movement is tracked by the Member States and at EU level through the Community Independent Transaction Log (CITL).
7/17
Price Development
CarbonCredits become more expensive, you can invest in it and the market is growing fast.
10 more tweets to go. #VeChain starts at 9.
$VET
Price Development
CarbonCredits become more expensive, you can invest in it and the market is growing fast.
10 more tweets to go. #VeChain starts at 9.
$VET
8/17
The carbon market has matured significantly, adding a wide variety of buyers and sellers to the original market participants and introducing a broad range of financial products; futures and options contracts, aggregated financial instruments and carbon indices.
The carbon market has matured significantly, adding a wide variety of buyers and sellers to the original market participants and introducing a broad range of financial products; futures and options contracts, aggregated financial instruments and carbon indices.
9/17
Market Growth
"Total turnover of global emission trading reached 194 billion euros in 2019, up 34 per cent year-on-year"
"The two regional carbon markets in North America saw turnover surge by 74% to $24 billion."
Time for some #VeChain and #DNVGL
$VET
Market Growth
"Total turnover of global emission trading reached 194 billion euros in 2019, up 34 per cent year-on-year"
"The two regional carbon markets in North America saw turnover surge by 74% to $24 billion."
Time for some #VeChain and #DNVGL
$VET
10/17
@DNVGL was an important player in the Kyoto Protocol*;
Involved in the validation of 2901 CDM's** (25% of all CDM projects.)
*See Tweet 4
**Clean Development Mechanism (CDM); one of the Flexible Mechanisms defined in the Kyoto Protocol.
https://www.dnvgl.com/assurance/water-and-carbon/ccs-ceased.html
$VET
@DNVGL was an important player in the Kyoto Protocol*;
Involved in the validation of 2901 CDM's** (25% of all CDM projects.)
*See Tweet 4
**Clean Development Mechanism (CDM); one of the Flexible Mechanisms defined in the Kyoto Protocol.
https://www.dnvgl.com/assurance/water-and-carbon/ccs-ceased.html
$VET
11/17
The Kyoto Protocol stopped, but @DNVGL is still very active in the CarbonCredit industry.
Carbon Credit Validation and Verification
https://www.dnvgl.co.uk/services/carbon-credit-validation-and-verification-45630
EU Emissions Trading Scheme (EU ETS)
https://www.dnvgl.co.uk/services/eu-emissions-trading-scheme-eu-ets--45633
$VET
The Kyoto Protocol stopped, but @DNVGL is still very active in the CarbonCredit industry.
Carbon Credit Validation and Verification
https://www.dnvgl.co.uk/services/carbon-credit-validation-and-verification-45630
EU Emissions Trading Scheme (EU ETS)
https://www.dnvgl.co.uk/services/eu-emissions-trading-scheme-eu-ets--45633
$VET
12/17
Together with #VeChain, @DNVGL is bringing Carbon Credits to individuals by creating ecosystems of companies.
"Power to the People" - Sunny Lu
- Examples
San Marino Republic adopts blockchain to become the first carbon neutral country.
https://www.dnvgl.com/news/san-marino-republic-adopts-blockchain-to-become-the-first-carbon-neutral-country--154173
Together with #VeChain, @DNVGL is bringing Carbon Credits to individuals by creating ecosystems of companies.
"Power to the People" - Sunny Lu
- Examples
San Marino Republic adopts blockchain to become the first carbon neutral country.
https://www.dnvgl.com/news/san-marino-republic-adopts-blockchain-to-become-the-first-carbon-neutral-country--154173
13/17
- PCCW
$4.9 billion revenue
- BYD
$14.58 billion
- BrightCode
$22.9 billion
- Haier
$27.86 billion
- PICC
$71.46 billion
- Renji Hospital
2.1 million+ cases/year
First western hospital in Shanghai
Book medical care with CarbonCredits
$VET
- PCCW
$4.9 billion revenue
- BYD
$14.58 billion
- BrightCode
$22.9 billion
- Haier
$27.86 billion
- PICC
$71.46 billion
- Renji Hospital
2.1 million+ cases/year
First western hospital in Shanghai
Book medical care with CarbonCredits
$VET
14/17
The king and queen of Norway witnessed the signing ceremony of @DNVGL and VeChain's Digital Low Carbon Ecosystem in Beijing.
$VET
https://medium.com/@vechainofficial/his-majesty-king-harald-v-and-her-majesty-queen-sonja-of-norway-witnessed-the-signing-ceremony-of-ef0657dd0ede
The king and queen of Norway witnessed the signing ceremony of @DNVGL and VeChain's Digital Low Carbon Ecosystem in Beijing.
$VET
https://medium.com/@vechainofficial/his-majesty-king-harald-v-and-her-majesty-queen-sonja-of-norway-witnessed-the-signing-ceremony-of-ef0657dd0ede
15/17
Also the @UNDP, United Nations Development Programme, is involved. The ecosystem keeps growing.
- The CarbonCredit ecosystems developed by DNVGL and VeChain are not (yet?) connected with the "traditional" CarbonCredits, but the idea is the same; https://medium.com/vechain-foundation/digital-carbon-ecosystem-expands-to-more-entities-and-individuals-in-china-with-the-launch-of-31e7e69bdbd8
Also the @UNDP, United Nations Development Programme, is involved. The ecosystem keeps growing.
- The CarbonCredit ecosystems developed by DNVGL and VeChain are not (yet?) connected with the "traditional" CarbonCredits, but the idea is the same; https://medium.com/vechain-foundation/digital-carbon-ecosystem-expands-to-more-entities-and-individuals-in-china-with-the-launch-of-31e7e69bdbd8
16/17
End
#VeChain and #DNVGL entered rapid growing multi-billion dollar market, more and more companies are joining their ecosystems.
I have full trust that Sunny, the VeChain team and DNVGL will succeed.
Follow them on their journey, this is just the start.
$VET
End
#VeChain and #DNVGL entered rapid growing multi-billion dollar market, more and more companies are joining their ecosystems.
I have full trust that Sunny, the VeChain team and DNVGL will succeed.
Follow them on their journey, this is just the start.
$VET
17/17
Some quotes by Sunny Lu.
"Everything is connected or to be connected."
"I am expecting one day "VeChain Powered" could be as powerful as "Intel Inside"."
Some quotes by Sunny Lu.
"Everything is connected or to be connected."
"I am expecting one day "VeChain Powered" could be as powerful as "Intel Inside"."
"I wanted to firmly express that in three years, the public will be using VeChain every day and never even know it. I long to say to my daughter, “Everything you do everyday — I was a part of that.”"
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Want to learn more about #VeChain?
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Want to learn more about #VeChain?
Take a look at the comments of this Tweet
https://twitter.com/Martijncvv/status/1218895904469651456
Or click/search
#EducationVET
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*Correction
The US is back;
"On January 20 2021, on his first day in office, President Biden signed the instrument to bring the United States back into the Paris Agreement. Per the terms of the Agreement, the United States officially becomes a Party again today."
$VET
The US is back;
"On January 20 2021, on his first day in office, President Biden signed the instrument to bring the United States back into the Paris Agreement. Per the terms of the Agreement, the United States officially becomes a Party again today."
$VET
