Flowcarbon and IETA share the vision of scaling the voluntary carbon market to fund natural climate solutions around the world.
“We are excited to be part of IETA, and to continue contributing to the IETA Task Group on Integrity in Digital Climate Markets and its important work in establishing guiding principles around tokenized carbon credits,” Dana Gibber, the CEO of Flowcarbon, said.
She added, “As we leverage Web3 to assist leading corporations with their decarbonization and offsetting efforts, IETA’s members and expert staff have been incredibly supportive and generous with their experience and collaboration.”
Flowcarbon’s first token, GNT, is backed one-for-one by certified, unretired credits from nature-based projects, with a rolling five-year vintage age limit.
Flowcarbon’s mission is to issue carbon-backed tokens that facilitate liquidity, price transparency and broader access in the voluntary carbon market, to optimize the amount and speed of funding that flows back to project developers.