The 1,282 Carbon Credits were acquired with the german company First Climate.
Hey there, DECA community!
In March 2020, DECA purchased its first lot of Gold Standard carbon credits from the Utsil Naj project, a clean cookstove program. It is a project which has a strong social impact, supporting poor communities and help to improve their life in a sustainable way. You can find more information about the project right here.
Along with this action, DECA is driving into social and environmental care by reducing CO2 emissions and supporting a poor community. A total of 1,282 carbon credits equivalent to 1282 tCO2e were purchased, canceled, and registered via OrbitDB, a serverless, distributed, peer-to-peer database.
The cancelation process is done via the Gold Standard registry access of DECA’s partner Innovative Hydrogen Solutions Inc, but you can recognize our carbon credit cancelation as we put as a comment: “Canceled on behalf of DECA”. The next step was to register the carbon credits at OrbitDB where we specified the necessary data from each carbon credit month before. You are now able to search each canceled carbon credit via its unique hash.
DECA’s community receives a lot of questions, but one which has been coming up a lot was: Why does DECA buy Gold Standard carbon credits?
Even though there are various carbon credits types, DECA has chosen Gold Standard since it’s the one that is focused on environmental and social standards and reflects DECA’s values.
What is Gold Standard?
The Gold Standard has been established in 2003 due to the concerns regarding environmental integrity and sustainable development at carbon markets. This standard should identify and encourage well-designed activities to reduce GHG and apply best practices.
The standard enables initiatives to quantify, certify and maximize their impacts toward climate security and the Sustainable Development Goals, while enhanced safeguards, holistic project design, management of trade-offs, and local stakeholder engagement ensure Gold Standard continues to deliver the highest levels of environmental and social integrity.
The acquisition
The 1,282 Carbon Credits were acquired with the company’s First Climate. With over twenty years of experience and hundreds of diverse clients, First Climate is a leading service provider of carbon emissions- and water management. This company support private and public sector organizations in achieving their climate and sustainability objectives.
What’s next?
DECA is launching its ICO soon!
DECA’s team is in the last preparation and is happy to announce its ICO launch in July. With the Ether raised in the ICO DECA will buy and cancel more carbon credits and develop the DECA Currency Platform 🥳
Also, you can be part of the new DECA Blogging Bounty Program where you can earn your first DECA tokens and be part of this decentralized economy.
