Bridging the Gap: Carbon Capture, Blockchain, and Monetizing Carbon Emissions

Meeting the Paris Accord goals represents a formidable challenge that demands global cooperation and concerted action. The Paris Agreement sets ambitious targets for reducing greenhouse gas emissions. Achieving these objectives requires significant changes across various sectors, including energy, transportation, industry, and agriculture.

Much of the focus in terms of reaching those goals has long been on replacing fossil fuels with renewable energy. Such a transformation of our global energy mix has always been implausible. What is more realistic requires a more pragmatic approach. Renewables cannot fuel cement plants or steelmaking factories. Nor could they replace fossil fuels meaningfully by 2050. This is especially true if we are to have a just distribution of energy globally to address the economic imbalances between developed and developing nations.

Now with these facts becoming increasingly apparent, and in light of the failures of the voluntary carbon market to reduce global carbon emissions, the political will to incentivize and encourage geological carbon storage is growing. While much of the media focus has shifted to Carbon Dioxide Removal (CDR) technologies, these remain in their infancy and are too inefficient at current technological readiness levels to meet the challenges.

Carbon Capture, Utilization, and Storage (CCUS)

Carbon Capture, Utilization, and Storage (CCUS), then, presents as the single most powerful tool we have to reduce atmospheric CO2. The challenges and opportunities surrounding carbon emissions and a low carbon future are multi-faceted and substantial. Aspirations to reduce emissions through other means are to be commended. But the stark reality is that we cannot replace fossil energy; we cannot replace fossil energy by 2050; and we cannot replace fossil energy if we seek a world of energy abundance.

Recognizing the need to address carbon emissions without compromising energy reliability and affordability, DigiKerma founded an innovative solution: the integration of Carbon Capture, Utilization, and Storage (CCUS) with blockchain technology to create unimpeachable, measured, and fractionalizable carbon credits. This marriage of proven CCUS technology with the emergent blockchain technology aims to create a solution that not only removes carbon from the atmosphere but also monetize it, providing an incentive for widespread adoption of carbon capture at point source, where the capture is most efficient.

This approach led to the launch of CarbonKerma, a platform that allows large emitters to offset their carbon emissions reliably, affordably, and transparently.

In this extract from a recent interview, DigiKerma founder & CEO Irfan K Ali discusses the development of CarbonKerma, the only platform focused on CCUS-derived carbon credits.

By providing a measurable and trustworthy offset solution, CarbonKerma aims to address the shortcomings of current carbon offset markets, fostering a sustainable approach to emissions reduction.

This pioneering initiative underscores the importance of innovation in tackling climate change and advancing towards a low-carbon future. Through collaboration and creative thinking, solutions like CarbonKerma offer a pathway towards mitigating carbon emissions while fostering economic development and energy security on a global scale.

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