As COP28 commences, the Interwork Alliance (IWA) published the Carbon Emission Token (CET) Protocol. It’s a method for companies to collect and validate their greenhouse gas (GHG) emissions in a DLT agnostic manner. Just as important, it helps to communicate that to customers and investors in a standardized format.
When we think about tokens we tend to think about assets. In the sustainability context we might think about carbon credits or offsets. A CET isn’t like that because it’s not saleable. It’s really a liability. The token isn’t really transferrable apart from within an organization if it needs to attribute the emissions across divisions.
The CET Protocol was developed by an Interwork Alliance working group led by Hedera’s HBAR Foundation and EY. And the IWA is part of the Global Blockchain Business Council (GBBC). The Working Group is seeking feedback by February 17.
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