Interviews

ClimateTrade: Using blockchain to spur climate change action that can make a difference

  • Spain
  • 8 min read
  • Jun 10, 2020
  • By Emanuela Ferraro
ClimateTrade: Using blockchain to spur climate change action that can make a difference

Francisco Benedito, CEO and co-founder of ClimateTrade © CompassList

ClimateTrade is a decentralized carbon trading platform that democratizes the financing of SDG initiatives and provides traceability of carbon credit purchases and emission offsets

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ClimateTrade is a carbon trading platform that uses blockchain technology to tackle the lack of transparency in the market. Under the Kyoto Protocol, 193 signatory countries are bound by a emissions trading scheme whereby countries that pollute more could purchase carbon credits from those that pollute less. The tactic was expected to help offset greenhouse gas (GHG) emissions.The Valencia-based startup co-founded by Francisco Benedito and Jose Lindo in 2018 is the first decentralized P2P carbon trading platform that meets the rules of the Carbon Trade Exchange (CTX). It was also recognized as...
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Edited by Wendy Lovinger

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