Global Blockchain Business Council (GBBC)’s InterWork Alliance is pleased to announce the release of the Carbon Emission Token (CET) Protocol – Version for Public Comment.
The CET Protocol uses the IWA’s Token Taxonomy Framework (TTF) to define, and provide guidance for, the tokenization of emissions. The goal of this effort is to advance and strengthen emissions reporting through technical guidance, specifications, and best practices of tokenized carbon emissions and related data structures.
By leveraging distributed ledger technology (DLT), emitting organizations can gain:
- Transparency, accuracy, and quality in data for inter-organizational and intra-organizational emissions following verifiable methodologies and rulesets for accounting.
- Referenceability across parties for indirect emissions reporting.
- A clear aggregate view of the ecological footprint of emitters globally.
We would like to share this document with the community to gather feedback and comments which can be taken in by the group, synthesized, and incorporated back into the document to ensure that we provide robust guidance to the market.
Check out the report here: https://gbbcouncil.org/interwork-alliance-resources/cet-protocol/