This sounds like a project to almost do the exact opposite of what is required in the market. The real need in the market today is a way of auditing the process by which someone creates a carbon credit. You need to be able to trust that this credit you bought it from someone else doing something genuinely carbon negative vs just either claiming credits for something they were going to do anyway or claiming credits for not doing something they were going to do anyway.<p>The worst way of doing that is creating a market place of tokens that make these heterogenous carbon sinks into fungible assets.<p>If you look into the announcement there's also some really funny stuff going on:<p>> including its revolutionary collaboration with the Centrifuge protocol, which will unlock the debt markets for carbon project developers,<p>The business model of Centrifuge is... well... loan sharks.<p>> its collaboration with the Layer 1 blockchain Celo, to provide $10 million of GNT to offset Celo’s emissions.<p>Nice that we got to the self-dealing portion of the business so quickly. So Celo will buy $10m of GNT to offset carbon, and in return GNT will launch on Celo, thus driving Celo up to cover the cost of buying the carbon credits. Someone, somewhere is going to be the bag holder for these tokens.