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Worlds First Tradable Carbon Token Launches to Democratize Access to New Asset Class

In recent months, we’ve seen Australia and California on fire, ever more powerful hurricanes, the U.S. president-elect Joe Biden announcing a Climate Administration, and companies such as Apple, Microsoft, and Nike voluntarily committing to carbon neutrality. Uphold, the Home for Altcoins, is a global, multi-asset digital trading platform offering low fees, high security, and maximum transparency. When you buy UPCO2, your transaction will be validated, secured, and certified by the UP Alliance, which includes leading blockchain companies such as Ledger, Uphold, InfiniGold, Bittrex Global, and CertiK.

  1. Integrating environmental assets into portfolios has already proved successful for some institutional investors seeking social benefits, as well as increased returns.
  2. According to the World Bank, in 2020, humanity compensates for just 22% of global emissions through the purchase and retirement of carbon credits, and yet the proportion of countries operating regulated carbon markets has risen from 40 percent of global GDP in 2016 to 70 percent in 2020.
  3. View the total and circulating supply of Universal Carbon, including details on how the supplies are calculated.
  4. Note that digital assets such as cryptocurrencies present unique risks for investors.

Each UPCO2 Token represents one year-tonne of CO2 pollution averted by a certified REDD+ project preventing rainforest loss or degradation. Every Token is backed by a Voluntary Carbon Unit [VCU], a digital certificate issued by Verra, the international standards agency, which allows certified projects to turn their greenhouse gas (GHG) reductions into tradable carbon credits. “It’s astonishing that there is no single global clearing price for carbon emissions,” said Le Merle. “A non-deliverable, digitally-tradable commodity that’s essential for human activity shouldn’t be traded bilaterally on OTC markets, as carbon credits are today. ‘It’s astonishing that there is no single global clearing price for carbon emissions,’ said Le Merle.

Financial Services & Investing

UPCO2 represents what some commentators see as the most important new asset class for a generation of investors seeking more than financial return – tradable carbon credits that help to combat climate change. Each UPCO2 Token represents one year-ton of CO2 pollution averted by a certified REDD+ project preventing rainforest loss or degradation. Every Token is backed by a Voluntary Carbon Unit [VCU], a digital certificate issued by Verra and other international standards agencies, which allows certified projects to turn their greenhouse gas (GHG) reductions into tradable carbon credits.

You can see the assets and liabilities underpinning the Token in real-time here. An overview showing the statistics of Universal Carbon, such as the base and quote currency, the rank, and trading volume. If you would like to know where to buy Carbon at the current rate, the top cryptocurrency exchange for trading in Carbon stock is currently Gate.io. View the total and circulating supply of Universal Carbon, including details on how the supplies are calculated. Daniel is a big proponent of how blockchain will eventually disrupt big finance. This website is using a security service to protect itself from online attacks.

Digital Assets

“Combating climate cancer is likely to become the dominant economic issue of the next 20 years. The UPCO2 Token allows people everywhere to participate in this hugely important – and potentially lucrative – new market, as well as do the right thing for the planet.” Integrating environmental assets into upco2 price portfolios has already proved successful for some institutional investors seeking social benefits, as well as increased returns. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Price performance

Universal Carbon [UPCO2] is the world’s first tradable carbon token on a public blockchain. When you buy UPCO2, you make the world a cleaner place by supporting the sustainable preservation of the world’s rainforests. “This year may go down as the key inflection point for climate change,” said JP Thieriot, Co-Founder of the UP Alliance https://cryptolisting.org/ and CEO of Uphold. ‘This year may go down as the key inflection point for climate change,’ said JP Thieriot, Co-Founder of the UP Alliance and CEO of Uphold. ‘The year it went from far-off issue enshrined in distant accords like Kyoto and Paris, to an existential threat affecting the lives of tens of millions of people.

Voluntary carbon credits, which back all UPCO2 Tokens, offer major economic advantages compared with regulated credits. As dollar-denominated, globally-recognized, fungible and perennial assets, voluntary credits last forever, maintaining option value, until consumed or retired by a company or an individual seeking to compensate for carbon footprint. Powerful macroeconomic forces underpin the Voluntary Carbon Credit market and, according to some commentators, could drive up prices significantly as more countries introduce regulated CO2 markets, forcing companies to compensate for their pollution. Additionally, a growing number of firms and individuals are choosing to offset their carbon footprints voluntarily.

According to the World Bank, in 2020, humanity compensates for just 22% of global emissions through the purchase and retirement of carbon credits, and yet the proportion of countries operating regulated carbon markets has risen from 40 percent of global GDP in 2016 to 70 percent in 2020. The result is a wall of demand that may far outstrip the production of new carbon credits, which is constrained by the slow and expensive process of Voluntary Carbon Project certification. As with all commodities, prices for carbon credits are likely to fluctuate, but human emissions have grown from 25 billion tons to 55 billion tons between 2008 and 2018, while the supply of voluntary credits has remained broadly flat. Created by the Universal Protocol Alliance and leading voluntary carbon credit managers, UPCO2 is backed by underlying certified REDD+ carbon credits on a leading registry. Universal Protocol Alliance’s vision is that every asset class will be digitized and tokenized. We are an alliance of like-minded cryptocurrency companies and blockchain pioneers including Bittrex Global, CertiK, Fifth Era, Hard Yaka, Infinigold, Ledger, and Uphold.

Carbon price CARBON

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Deposit crypto you already own from any supported network and trade it into UPCO2 via the Uphold app. With Uphold, you can buy digital currencies in just 11 clicks – even if you don’t have an account yet.

‘A non-deliverable, digitally-tradable commodity that’s essential for human activity shouldn’t be traded bilaterally on OTC markets, as carbon credits are today. With demand for carbon credits outstripping supply by a factor of 4 to 1 in 2020, according to the World Bank, the UPCO2 Token is set to democratise an important new asset class, which could lead to the establishment of a global clearing price for carbon (as today exists for such commodities as oil and gold) and more resources going into environmental projects. The Universal Protocol Alliance (UPA), a coalition of leading blockchain companies including Bittrex Global, Ledger, Certik, Infinigold and Uphold, today launches Universal Carbon (UPCO2), the world’s first tradable carbon token on a public blockchain that can be bought and held as an investment, or burnt to offset an individual’s carbon footprint.

Our mission is to build out the world’s leading tokenization platform, ushering in a new era in finance. This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice and before taking any action you should consult your own advisors. Note that digital assets such as cryptocurrencies present unique risks for investors. Please see our disclaimer regarding risks specific to holding digital assets before investing.