DLT Earth, a global grant program spearheaded by the DLT Science Foundation (DSF) in partnership with The HBAR Foundation Sustainable Impact Fund, ALLCOT, and Envision Blockchain, has launched with the aim of fortifying the reporting and methodologies used to track and mitigate climate change. The initiative will focus on digitizing sustainability methodologies, formulating policies to bolster Digital Measurement, Reporting, and Verification (dMRV), and providing five fellowships in the Global South to support cutting-edge research in sustainability and climate projects.The ultimate goal of the initiative is to enhance the auditability of climate finance, digitize and open-source methodologies, amplify validation and verification, discover a global climate asset price, and elevate the credibility of ESG reporting. To achieve this, the Hedera ecosystem has come together, supported by the Sustainable Impact Fund and the Hashgraph Association Innovation and Enterprise Programs, with notable entities like Evercity, Envision Blockchain, and Tolam Earth pledging their participation.The digitized policies and methodologies are expected to make substantial inroads in over a hundred carbon credit, biodiversity, and other climate projects, generating nearly 500 million tonnes of carbon credits managed by ALLCOT and impacting 200 communities across the globe. The alignment of financial and ecological audit trails on the Hedera Guardian is a monumental stride towards credible ESG reporting, and is the cornerstone for engaging with credible global projects to augment climate action. Through this initiative, the goal of harmonizing financial imperatives with ecological commitments is now within reach, heralding a new dawn in climate action and sustainable finance.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 10 |
| People | None |
| Companies | The HBAR Foundation Sustainable Impact Fund, Evercity, Tolam Earth, DLT Science Foundation, Envision Blockchain, Hashgraph Association Innovation and Enterprise Programs, ALLCOT |
| Currencies | Ethereum, Dexalot, Hedera, Bitcoin |
| Securities | None |
