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Single.Earth to Replace Carbon Credits in Blockchain
With the future of blockchain-based carbon credits in doubt, EQT-backed Estonian company Single.Earth launched a new standard of biodiversity and carbon credits, coming out of stealth mode with its science platform. With an international team of more than 20 interdisciplinary scientists, including ecologists, environmental scientists, and physicists, the company has focused on sorting out the shortcomings of today’s carbon credits. More importantly, the team has tackled the questions about biodiversity loss and why net-zero policies are still translating to mass extinction, although possibly on a somewhat less overheated planet. “At one point, we understood that classical carbon credits will not save the planet. Climate, maybe. Biosphere – not!” Merit Valdsalu,…