China Southern Power Grid Launches Blockchain-based Carbon Trading Project
It is reported that recently, China Southern Power Grid Yunnan Power Grid Co., Ltd. launched a national key research and development project of \”credible carbo…
It is reported that recently, China Southern Power Grid Yunnan Power Grid Co., Ltd. launched a national key research and development project of “credible carbon trading and carbon neutral management demonstration application based on blockchain (application demonstration)”, and took the lead in carrying out value-added research of “blockchain+green power certification+green energy+carbon trading+green power products” in China Southern Power Grid.
Yunnan Power Grid launched the “blockchain” national key research and development plan project
Interpretation of the news:
China Southern Power Grid Yunnan Power Grid Co., Ltd. has unveiled a national-level research and development project aimed at integrating blockchain technology in carbon trading and carbon-neutral management. The research intends to create a credible, transparent, and sustainable ecosystem for carbon trading aligned with green energy certification, green energy products, and carbon trading.
The application seeks to create a value-added market-based trading system through green-power development and carbon trading. The project is believed to be a significant milestone in China’s efforts to increase its sustainability credentials. Funds for the research project come from China Southern Power Grid’s “Vientiane Plan” action plan and China’s National-Level Special Project for the Development and Application of Blockchain Technology.
Using blockchain technology would offer a transparent system that guarantees the reliability of trading products, an essential aspect for carbon trading. A value-based system will make it easier for companies to achieve carbon trading counterbalance, thus reducing carbon emissions using green energy solutions. The project seeks to develop a credible carbon-trading platform that aligns with national guidelines, metrics, and policies.
This new development complements China’s efforts to tackle climate change and meet the target of becoming a carbon-neutral economy. The project’s success will create a viable system that businesses in China can follow in response to the looming carbon-neutral economy, with blockchain being a significant factor in the carbon trading arena. The blockchain-based application will ensure transparency and traceability across the carbon trading value chain, from production to consumption.
In conclusion, China Southern Power Grid’s project development of blockchain-based carbon trading and carbon-neutral management ecosystem could be a game-changing narrative in the fight against climate change. Implementing blockchain technology in carbon trading will offer transparency, traceability, and add value across the trading chain, thus improving accountability, reliability, and sustainable practices.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/3979.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Anti Money Laundering Regulations Adopted by European Parliament
On March 28th, members of the Committee on Economic Affairs and the Interior of the European Parliament voted 99 in favour, 8 against, and 5 abstentions to adopt the anti money lau
-
What is a computing power machine (what does computing power refer to)?
What is a computing power machine? It is a specialized hardware device designed
-
Unlocking of Tokens This Week: A Look at the Latest Reports
According to reports, according to Token. Unlocks data, the following tokens are about to be unlocked this week (April 24th to April 30th). Among them, at 08:00:00 on April 27th, 4
-
Understanding the Anti Money Laundering Law (AML) in the NDAA
According to reports, the US legislative body recently enacted the National Defense Authorization Act (NDAA). There is a series of regulations called the Anti Money Laundering Law
-
Masa’s Web3 Identity and Credit Agreement Deployed to Celo
It is reported that the Web3 identity and credit agreement Masa has announced that it has been deployed to Celo, and will generate a Prosperity Passport for mo…
-
Paxos Treasury Destroys 93,336,183 BUSDs
According to reports, according to Etherscan data, Paxos Treasury destroyed 93336183 BUSDs one hour ago (17:21:23 UTC, February 22).
Paxos Treasury des…
-
Novogratz Connects Oil Performance to a Depressed Market and Calls for Interest Rate Adjustments in Favor of Cryptocurrencies
According to reports, Mike Novogratz, founder of cryptocurrency investment company Galaxy Digital, said in an interview with CNBC’s Squawk Box today that the performance of the crude oil market has already told the market that it is entering a depression phase. Jerome Powell (Chairman of the Federal Reserve) should immediately suspend interest rate hikes and then lower interest rates faster than we expected. Now is the time to focus on Bitcoin and cryptocurrency, which is why Bitcoin and cryptocurrency were created. Founder of Galaxy Digital: Powell should immediately cut interest rates Analysis based on this information:Mike Novogratz, CEO and founder of Galaxy Digital, a cryptocurrency investment company, recently connected the performance of the crude oil market to the start of a depression phase. He stated in an interview with CNBC’s Squawk Box that the current economic situation is calling for swift interest rates adjustments to favor Bitcoin and cryptocurrency which were created for challenging times like this. Novogratz believes that…
-
Sui development team will repurchase equity and token warrants from FTX assets for $96 million
According to court documents, the Sui development team Mysten Labs reached an agreement with the FTX bankruptcy estate on Wednesday to purchase FTX\’s equity investment in Mysten La
-
Bitcoin Gains 50% Despite Cryptocurrency Failures
According to reports, from the beginning of the year to date, even if some banks focused on cryptocurrency fail, or even cryptocurrency exchanges disappear, Bitcoin has surged 50%, surpassing the performance of major global stock indexes and gold, becoming the best performing asset this year. Bitcoin has gained 50% year to date, making it the best performing asset of the year, surpassing stocks and gold Analysis based on this information:In recent years, Bitcoin has gained massive popularity as a digital cryptocurrency. According to reports, despite the cryptocurrency industry’s recent setbacks, Bitcoin has managed to surge past global stock indexes and gold to emerge as the best-performing asset of the year. From the beginning of the year to date, the cryptocurrency has gained 50%, which is no small feat given the current global economic circumstances. The surge in Bitcoin’s value can be attributed to various factors, including the increased demand for digital currencies. Bitcoin was initially introduced as a decentralized digital…
-
Understanding the Mt. Gox Repayment Window: What You Need to Know
According to reports, the window for Mt. Gox creditors to provide their repayment information has been opened. The trustee of Mt. Gox stated that despite this, repayment still take