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CNT's basic technology releases the global carbon trading market
Singapore and London, September 27, 2021/PRNewswire/ - Cyberdyne Technology Exchange (CTX) has released and sold the first batch of new asset-backed carbon neutral tokens (CNT). The token addresses the Paris Agreement (COP21)-the ability to properly account for and track carbon credits using its proprietary protocol and blockchain technology.
With the approach of COP26 in Glasgow, the complexity of Article 6 of the Paris Agreement has not been resolved, leading to delays in financing green projects and accelerating the climate crisis.
COP21 requires countries to reduce emissions every five years. Through the creation of Nationally Determined Contributions (NDC) to reduce emissions, it is clearly expected that countries will take action and submit new or updated national climate plans. However, transparency and ambiguity in the commitment to implement more ambitious goals means that the world is far behind in achieving the 1.5°C temperature target set by Paris.
The responsibility for carbon offsets lies not only with the government. Companies can play a key role in addressing the climate crisis-even on a voluntary basis. The Working Group on Expanding the Carbon Market and Deloitte estimate that the current market size of the voluntary carbon market is approximately US$300 million. According to McKinsey estimates, by 2030, this market will grow to $50 billion.
The main crux of preventing further efforts lies in the clear "double counting". This happens when a country exceeds its carbon emission reduction target and can sell the balance to another country that has not yet achieved its emission reduction target. In doing so, double counting occurs when both countries claim that they have achieved their emission reduction targets by calculating their own surplus or additional carbon emission reductions.
CTX, which is licensed by the Monetary Authority of Singapore, is solving the problem of "double counting" by launching new carbon neutral tokens. With powerful proprietary distributed ledger technology to support tokens, CNT can provide buyers and issuers with an immutable and constantly updated record of the carbon performance of their tokens.
The first batch of 5,000 carbon credits sold on the exchange shows that there is ample demand for voluntary emission reductions (VER) that do not interfere with the NDC-which cannot be solved by other solutions.
Donald Tang, Managing Partner of Celadon Partners, said: “We are very happy to be the first investor to trade CNT on CTX. In addition to this step towards sustainable development in our own private equity portfolio, we hope to continue Together with CTX, we will catalyze innovation and provide services to businesses and investors everywhere in order to reduce barriers to sustainable development."
CNT is asset-backed, and the first issuance of carbon credits was generated by a wind energy project in Zhangjiakou. The project has passed the review of the Office of Foreign Economic Cooperation (MEPFECO) of the Ministry of Environmental Protection of China and registered with the National Carbon Registry, maintaining the same high standards as the EU. Other global carbon credit programs will be launched soon, demonstrating the stability and capabilities of the CTX platform.
Dr. Bo Bai, Executive Chairman and Co-founder of Cyberdyne Tech Exchange commented: “We are pleased to help solve one of the main challenges facing the voluntary emission reduction (VER) market segment. When developing CNT, our focus is Create an effective solution that can provide companies with trustworthy and high-quality products and convince them that their investment is directly affecting global carbon emissions reduction.
Our platform is not only regulated by the Monetary Authority of Singapore, our proprietary protocol and blockchain technology, as well as our ability to source and verify high-quality global carbon offset and sustainable development plans, can provide a thriving place for the carbon trading market. The confidence needed.
Throughout my career, I have been participating in and supporting sustainable projects. CTX Exchange plays a key role in solving the challenges faced by the international carbon market. It is a direct and reliable solution to reduce emissions. "
About Cyberdyne Technology Exchange Center (CTX)
Cyberdyne Tech Exchange (CTX) is a new digital asset market for accredited and institutional investors that can provide financing for global green projects. Our goal is to become a global green financing center.
CTX uses Nasdaq's advanced trading and monitoring technology to ensure that new services and products that meet urgent environmental and ecological needs benefit from an open architecture that brings transparency and fairness in price discovery to all parties.
With the support of the Asian Green Fund, CTX has also developed a new carbon neutral token (CNT), which allows investors to obtain verified premium compensation-due to the unique identifier in its blockchain, the same The plan will not be sold multiple times, so the ledger is very secure. This tradable token is critical to achieving the ultimate goal of the Paris climate agreement and net zero emissions.
Celadon Partners is an Asian private equity management company focusing on transformative innovations applicable to traditional industries. Celadon Partners aims to generate long-term attractive returns as a "builder of the enterprise" by investing in the intrinsic value of differentiated opportunities.
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SOURCE Cyberdyne Technology Exchange Center (CTX)
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