Two companies are partnering to work on a mission to restore dangerously disappearing natural ecosystems that sequester carbon to tackle climate change. Solid World DAO – a decentralized autonomous organization that provides funding to meaningful projects and Vlinder – a voluntary carbon marketplace that offers carbon offsets to businesses, announce a new partnership.
It will ensure that Vlinder will provide 50 000 tons of CO2 (50 kilotons of CO2) of forward carbon credits to the Solid World DAO Mangrove Pool.
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The mangrove projects restore degraded mangrove areas in Myanmar, Sri Lanka and Indonesia and will aim to improve the lives of vulnerable communities by creating new jobs, providing education, upskilling and supporting women. The projects will share at least 50% of received carbon credits with local stakeholders.
Mangroves are capable of storing up to five times more CO2 than any other forests. The carbon stored by them is called blue carbon, it is rare and highly valued on the carbon offsets markets.
The projects are high-quality carbon sequestration initiatives as they store large amounts of CO2 while securing social benefits for vulnerable communities.
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“The more we learned about Vlinder and what they have been doing, the more impressed we became. We both have a deep desire to fix the carbon markets and see the blockchain as the only realistic solution, and the Vlinder team has worked with blue carbon for years. Joining forces was the natural next step,” commented Stenver Jerkku, Chairman of Solid World DAO on the collaboration.
Apart from sharing Solid World DAO’s vision on blockchain technology, Vlinder finds forward carbon liquidity to be the missing element of the voluntary carbon market. The company also aims to develop a risk assessment methodology for blue carbon as well as a forward carbon tokenization standard through this new partnership.