IMPT Announces €50 Million 10-Year Deal to Purchase Carbon Credits from Thallo
London (16 January 2023) - IMPT, a leading carbon-offsetting ecosystem, has closed a sourcing deal worth up to €50 Million to purchase carbon credits from blockchain-based carbon credit marketplace Thallo.
The deal will see IMPT purchase carbon credits with an anticipated value of €50 million over 10 years. At current market prices, the deal will help to offset some 12 million tonnes of carbon over a 10-year period – equivalent to the carbon footprint of nearly 2.6 million people globally.
Founded in 2022, IMPT is a global carbon-offsetting ecosystem designed to connect leading retail and e-commerce brands with socially conscious individuals and businesses seeking to reduce their carbon footprint.
Today’s deal with Thallo represents a major milestone in the development of a platform that will enable IMPT community members to quickly and easily convert IMPT’s native token into carbon credits and allocate them to a range of environmental projects.
Commenting on the agreement, Denis Creighton, Chief Executive Officer of IMPT, said, “We are thrilled to partner with Thallo to source high-quality tokenized carbon credits for our protocol.
"We appreciate and share Thallo’s commitment to promoting transparency and integrity in the carbon credit market.
"There is substantial opportunity to bring the Web3 and business industries towards low-carbon solutions, yet significant work needs to be done.
"Putting these credits into the hands of our community is the next step in realising our vision of building a global network of people who want to play their part in combating climate change by taking small actions in their everyday lives.”
The agreement includes an initial 3-year purchase of €3.6 Million worth of carbon credits and a
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