TechFlow news — China Carbon Neutral (01372.HK) announced that on March 23, the Group issued carbon asset NFTs globally for the first time using blockchain technology, with Verified Carbon Standard (VCS) carbon credits as underlying assets. This enables institutions, enterprises, or individuals to purchase carbon asset NFTs via the platform to offset their emissions and achieve carbon neutrality.
The Board believes that the carbon asset NFTs issued by the Group represent digitized carbon assets backed by verified and registered real carbon assets. Through on-chain retirement, they help institutions, enterprises, and individuals offset their own carbon emissions. By establishing a publicly transparent carbon emissions ledger, related transactions can be traced and stored on the blockchain.
Multi-source recording and instant authentication via smart contracts enable calculation, tracking, and reporting of carbon footprints, contributing to building a greener and more sustainable carbon asset financial system. This initiative aims to generate sound commercial returns while making contributions to climate change mitigation.
