Green Investing is On The Rise and This Eco-Friendly Crypto Just Raised $13,000,000 – Find Out Why
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Green and eco investing is set to be one of the biggest growing asset classes in the next decade as governments, institutions and individuals push for solutions to the climate crisis.
One such solution is from new crypto presale project IMPT which aims to help fight global warming by offering businesses and individuals an easier way to offset their carbon footprint.
The Ethereum-based protocol will allow its users to buy, earn and own carbon credits and has so far raised $13 million of investment in just a month.
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Carbon credits are already big business at government and state level, with many nations imposing strict mandates and legislation on how much companies have to offset their carbon footprint.
However, at the recent Cop27 climate summit in Egypt, UN Secretary General Antonio Guterres outlined that much still needs to be done, saying:
“Our planet is still in the emergency room. We need to drastically reduce emissions now and this is an issue this Cop did not address. The world still needs a giant leap on climate ambition.”
Much of the blame was pointed at the US and China, the world's two largest polluters to do more to cut their fossil fuel usage.
While the mandatory market is estimated to be worth around $300 billion annually, the voluntary carbon market is worth just $2 billion - but Bloomberg estimates the next decade will see it grow 50-fold to $100 billion per year.
US Climate Envoy John Kerry described the next decade as "critical" in the fight against climate change and IMPT is offering one such solution to help ease its effects.
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