International chamber of Commerce wants to make the environment with Ethereum clean

The International chamber of Commerce (ICC), an economic organisation with more than 45 million company members, will use the AirCarbon-exchange, a network for the trading of emission credits for air travel build. The Ethereum Blockchain comes in a wider commercial environment.

AirCarbon is a commodity exchange based in Singapore that is designed for the distribution and trade of CO2 certificates on the Ethereum network. Their Mission is to reduce carbon dioxide emissions and slow down climate change. The technology is aimed specifically at airlines, which are made for 2.5% of global emissions, a number that could soon grow.

Roughly speaking, the Carbon Credits are certificates that allow a company a certain amount of carbon dioxide output. Those who need more polluting can buy credits from a company that pollutes less. The System is intended to encourage to a reduction in emissions by burdening the emissions financially.

While the platform of AirCarbon allows for emissions trading on a Blockchain will not work with the concept without willing participants. Here are the International trade sets in the chamber. With more than 45 million companies and a presence in over 100 countries, she believes that she has the range to help commercial airlines in the launch of the platform. She works together with Perlin, a company of the Blockchain-industry of Singapore, to the modification of the AirCarbon-platform.

For its part, it is in the interest of the company, to cooperate and to create a viable System, since the governments to build an international infrastructure for CO2 reduction. This is shown in part to the time and place of the announcement: in connection with the United Nations conference on climate change, which takes place this month in Madrid. Even more important, however, is that the international aviation industry is less than two years, standards for the reduction of emissions.

These Standards, known as Carbon Offsetting and Reduction Scheme for International Aviation, short CORSIA, were proposed by the International Civil Aviation Organization (ICAO) and 2016 of almost 200 countries have signed it. Eighty of these countries, including the United States, the United Kingdom and Japan, which represent more than three-quarters of air traffic, will begin in 2021 with the implementation of the standards.

By CORSIA airlines increase the fuel emissions must purchase, compensation payments, the impact of their own emissions balance. AirCarbon has been developed in Accordance with CORSIA.

In a press release, William Pazos, COO of AirCarbon that:

The key to the promotion of the CO2-compensation as a viable Instrument to combat climate change is to eliminate market stimuli. This is our contribution for AirCarbon. In cooperation with ICC, we want to offer our solution to all responsible companies.

With the help of ICC to the Start of CORSIA can minimize the turbulence in the industry.

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