First African Emissions Reduction Platform to Begin Trading

Africa’s first verifiable emissions reduction platform, which uses apublic decentralized ledger to track emission reductions, will start trading its first tokens this quarter.

The platform, known as CYNK, will use the Hedera Hashgraph ledger, and trade tokens generated by Tamuwa, Kenya’s largest biomass company. It is also in talks to trade emissions reductions credits from a company that plans to practice regenerative agriculture on 50,000 hectares (123,550 acres) of land in the East African country and a blue carbon project.

Regenerative agriculture refers to farming practices that help store carbon while blue carbon is stored by ocean ...