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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,…
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Single.Earth issues the first currency backed by nature
The first money minted from nature has been issued to forest owners as Single.Earth rolls out a new tool to finance nature protection. It’s the first phase of introducing a new global currency MERIT, which EQT-backed Estonian fintech Single.Earth issues to landowners for the ecosystem services nature provides, making it the first currency backed by nature. “Some 2,600 years after the first coins were minted we are today minting a currency based on the work of nature. It’s a huge leap for the world of money.” Merit Valdsalu, CEO and co-founder of Single.Earth Single.Earth is integrating nature protection into the economy so that nature and the economy can grow together. …
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Single.Earth offers consumers a solution to cap the global emissions
Estonian startup Single.Earth is launching a new nature-backed payment method that offers consumers a solution to cap the global emissions as an answer to COP26 challenges. The Estonia-headquartered startup, backed by EQT Ventures and Icebreaker.vc, introduces a payment method that caps carbon emissions through tokenization of the world’s nature. Since the 2015 Paris accord, which set an aspirational target of capping global warming at 1.5C, growing scientific evidence has shown that crossing the threshold would unleash more floods, droughts, wildfires and storms, with irreversible consequences. In Glasgow, at COP26, the world leaders have held many speeches and made pledges that environmentalists and scientists see as inadequate. “The governments are busy…
