Carbon Title announced on Sept. 15 that it launched the first decentralized platform that helps bring transparency to the decarbonization efforts within the real estate industry. The building sector, which is responsible for almost 40% of all greenhouse gas emissions globally (and that number reaches 60% in urban centers), has to take prompt actions to achieve net zero targets.
Carbon Title, a company established in 2021 by two entrepreneurial friends with expertise in fintech and real estate, operates a platform that will offer transparent and verifiable data on CO2 emissions and carbon credit purchases for existing buildings and those still under construction. With its platform, the company aims to help industry players avoid greenwashing while at the same time allowing consumers to make an informed choice about where they decide to live and work.
“Research shows that climate change threatens to undo the last 50 years of progress in development, global health, and poverty reduction,” said Trevor Dryer, co-founder at Carbon Title with entrepreneurial fintech background. “It is costing the world billions in economic prosperity and threatens to kill more than 250,000 people annually from malnutrition, malaria, and extreme heat. Carbon Title’s singular mission is to make every building carbon neutral and to rally the industry to avert the worst of this looming crisis.”
The other co-founder on the team, Miles Haladay, said that, after spending years in the building sector, he knows “how daunting decarbonization is for the industry. However, if we take steps forward together, the industry can get there. By making this data public, developers and contractors will get the buy-in they need to start decarbonizing from day one.”
Carbon Title has also adopted blockchain technology, with building emissions recorded on the blockchain so that a permanent record exists for each particular building.
The company is backed by GreenPoint Partners, Alpaca, Ripple, Allegory, and Packy McCormick, and has already worked on pilot projects with companies such as Hoffman Construction, Lease Crutcher Lewis, Killian Construction, and Corigin.