Tracer White Paper v0.99 A
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Tracer White Paper version 0.99 A
Tracer White Paper version 0.99 A
  • 👋Welcome to Tracer
  • Overview
    • 1️⃣Introduction
    • 2️⃣The Environment and Market Driven Need for Carbon Removal
    • 3️⃣The Problem with Most Current Carbon Credits
    • 4️⃣The Solution: Only Verified Removal Counts
    • 5️⃣Why Now? A Confluence of Favorable Factors
    • 6️⃣The decentralized CARROT Ecosystem: Transparency and Traceability
    • 7️⃣Incentive Alignment and Deflationary Pressure
    • 8️⃣TRACER Tokenomics
    • 9️⃣Business Development through Marquee Relationships
    • 🔟Experienced leadership team
    • 🌎Milestones
    • 🤝Conclusion
  • 📧Get in touch
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  1. Overview

Why Now? A Confluence of Favorable Factors

The carbon removal market is experiencing explosive growth, fueled by a confluence of factors. This growth is driven by both surging market demand and supportive international policy frameworks.

  • Growing Corporate Demand:

An increasing number of companies are setting ambitious net-zero targets, driving demand for high-quality carbon credits to offset their emissions 8.

Major corporations such as Microsoft, Google, Meta, Shopify, H&M, Salesforce, and Stripe are committing billions of dollars to purchase carbon removal credits. These companies recognize the urgent need to address climate change and are actively seeking high-quality carbon removal solutions to offset their emissions and achieve ambitious sustainability goals. Their substantial financial commitments are fueling rapid growth and innovation in the sector, paving the way for a transformative impact on global climate action.

  • Global Push for Carbon Removal:

Further propelling this trend is the landmark Climate Financing Agreement reached at COP29. This agreement establishes a clear framework for international collaboration and financial support for carbon removal projects worldwide. It includes provisions for mobilizing significant public and private investment, facilitating technology transfer, and ensuring standardized measurement and verification of carbon removal efforts.

The COP29 agreement, coupled with the strong market demand from global corporations, provides a powerful catalyst for the growth of the carbon removal credit market. By creating financial incentives, promoting international cooperation, and ensuring environmental integrity, this combination of market forces and policy support is driving significant investment in innovative climate solutions and paving the way for a net-zero future.

The COP29 agreement signifies a global commitment to carbon removal as a primary solution to climate change. This creates a favorable policy environment for carbon removal projects and technologies, driving demand for high-quality carbon credits.

  • Technological Advancements:

Carbon removal technologies have matured beyond the experimental phase, with proven solutions ready for deployment. This reduces the technological risk associated with carbon removal projects and increases the likelihood of successful outcomes.

PreviousThe Solution: Only Verified Removal CountsNextThe decentralized CARROT Ecosystem: Transparency and Traceability

Last updated 4 months ago

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