What Is the Net Zero Carbon Removal Project?
There are no shortcuts to reaching net zero. Reducing emissions is crucial, but when that’s no longer enough, new and innovative solutions step in. This project offers high-quality, already sequestered carbon removals—free from risk and easy to use through blockchain technology. The core idea? A carbon removal asset-backed token that makes balancing emissions straightforward and transparent.
Main Benefits and Key Figures
Here’s the big picture:
- At least 3 billion tons of carbon removals are projected to be needed by 2030.
- This demand creates a $120 billion market opportunity.
- Each Carbon Dioxide Removal (CDR) token represents 1 tonne of CO2 sequestered.
- The NZC Pool diversifies risk with various carbon removal projects across different geographies.
- Blockchain ensures transparency, security, traceability, and efficiency in buying and using CDRs.
- When tokens are burned to balance emissions, an equal amount of CDRs is automatically retired from the pool.
How the Carbon Removal Asset-Backed Token Works
The process is pretty clever. Carbon removal projects generate real, measurable impacts—each CDR represents one tonne of CO2 removed from the atmosphere. These projects include reforestation, blue carbon, soil carbon, biochar, and tech-based removals. All these are bundled into the NZC Pool, which backs the token. So, when someone buys a token, they’re essentially owning a share of this diversified portfolio. And thanks to blockchain, every token’s journey is transparent and traceable.
Industry Leaders Behind the Project
The project stands on the shoulders of giants. Varo Energy, a major European energy company, brings deep industry insights and sustainable energy expertise. Silvicarbon adds its carbon management know-how, pushing innovative carbon sequestration methods. Oilinvest, with its rich history in oil and gas investments, bridges traditional energy with new sustainable paradigms. Together, they form a powerhouse driving this initiative forward.
Transparency and Peace of Mind
Transparency isn’t just a buzzword here—it’s a commitment. The NZC Registry offers full visibility into the NZC Pool’s composition, retirements of CDRs, and all processes involved. Plus, there’s a replacement plan in place for carbon removals in case of damage, ensuring the product is free from reversal or reputational risk. This means users can balance their carbon emissions with real trust and confidence—no guesswork, no worries.
Project Impact and Sustainable Development Goals (SDGs)
- SDG 13: Climate Action – Directly tackles climate change by removing carbon from the atmosphere.
- SDG 15: Life on Land – Supports reforestation and sustainable land management.
- SDG 7: Affordable and Clean Energy – Promotes sustainable energy practices through industry collaboration.
- SDG 9: Industry, Innovation, and Infrastructure – Leverages blockchain technology for innovation in carbon markets.
- SDG 12: Responsible Consumption and Production – Encourages responsible carbon offsetting and transparency.
Efficiency, Accessibility, and Traceability
The project simplifies the traditionally complex world of carbon offsetting. By pooling diverse credits and tokenizing them, it offers a streamlined, impactful solution for balancing emissions. The platform is user-friendly, making carbon offsetting achievable for businesses of all sizes. And with cutting-edge tech, every token and carbon removal is traceable back to its source—reinforcing the genuine impact of every contribution. So, when it’s time to balance emissions, burning tokens retires an equal amount of carbon removals from the NZC Pool, reflecting the entire portfolio’s benefits for each token holder.
