Tackling the climate crisis with carbon credits: European startups paving the way
Summary
Around the world, we are increasingly seeing the pervasive impacts of this crisis on society, and are becoming aware that we need to take serious and considered action – and fast. It means businesses can offset their emissions by contributing to projects promoting and improving the earth’s environmental health – and startups are leading the way in facilitating this. Here we outline three European startups that are leading the way in the carbon credit approach to reducing consumption and generating greener business practices – facilitating governmental aims of a carbon-neutral future. Founded in 2017, the company has raised about €7 million at the start of this year in an oversubscribed funding round and already has many prestigious Spanish names as clients, including Cabify, Banco Santander, Telefónica and Correos. Businesses, organisations and governments can trade carbon credits converted into Carbonex’s own crypto coin called CBN.