ImpactAlpha, February 2 – A raft of startups are merging the hot, if volatile, worlds of crypto and climate finance to bring transparency and accountability to carbon credits and payments. Moss.earth offers carbon credit tokens that companies and individuals can purchase to offset their carbon footprints.
“We are providing the tools to foment a new economic system and a new model for protecting the forest. That is our goal,” the company says.
The Brazilian crypto venture works with more than 200 companies and has facilitated $26 million for Amazon forest conservation projects in 18 months, Latin America Business Stories reports.
Moss raised its Series A round from P Ventures, Acre Ventures Partners, Jive Investments, The Craftory and Flori Ventures, the venture investing arm of the blockchain platform Celo.
How it works
Moss tokenizes carbon credits sourced from certified environmental projects. Each of its MCO2 tokens represents one ton of carbon and is tradable on cryptocurrency exchanges like Coinbase and Brazil’s Mercado Coin.
“The coding of contracts into blockchain enforces intrinsic self-regulation and thus leads to an improvement to the quality and credibility of the carbon credit system globally,” the company argues in a white paper.