cryptonews.net
The HBAR Foundation announced that ALLCOT Group's digital arm is on track to onboard 500 million metric tons of carbon credits. This will be in the form of RWA and the Hedera Guardian ecosystem. The introduction of carbon credits will help ALLCOT promote open, transparent and fully auditable methodologies. This will happen through Guardian, with the mission of recording the balance of the planet on a public r
All ALLCOT carbon credit information is now easy to find, verifiable and transparent, reducing the likelihood of questionable incidents. The HBAR Foundation said the development helps them and the community move closer to a credible carbon market at a micro level. Independent third parties may now undertake the validation process.
Integrating its ALLCOT portfolio with Hedera Network allows the latter to ensure transparency of financial flows in carbon markets. The HBAR Foundation introduced the concept of regenerative finance. It is referred to by the acronym ReFi and aims to benefit the global south with a low- or close-to-no-carbon future. It is based on the fundamental principle of restructuring financial relations.
Image: VOI