Post
Topic
Board Project Development
Re: Buying forest with bitcoin
by
cryptolauris
on 18/04/2024, 15:52:02 UTC
The amount of CO2 trees absorb are calculated with scientifically developed methodologies and algorithms. We are not going to do it ourselves and leave this part to our partners. There are multiple factors they use to calculate that, such as, soil fertility, tree species, biomass area etc. You can dive more in depth here https://verra.org/wp-content/uploads/2023/09/VM0047_ARR_v1.0-1.pdf
So, there are some equations to calculate CO2, well that's totally new to me, as I never heard of it before, and I am not a technical person that I could check the equations and can understand them but I did looked up on your PDF and its quite good. I think you guys have done your homework well.

I would love to see your final project, but I guess you should work on your website layout a little more, as it's my personal view and other members might find it cool. Best of Luck.

Thanks for the feedback. We are redesigning our website completely. Carbon credit market itself is complicated and it will be very difficult for regular person that is not involved with it to verify the amount of carbon credits generated, that's why we trust scientists, credible organisations and auditors. We also talked with state officials about this, locally I know that our climate ministry is having working groups to develop national level methodology, however, it seems that national and EU level methodologies will come in few years. There are many firms that invent their own methodologies, however, our choice is to go with Verra as corporations who buy carbon credits trust mainly Verra and Gold standard methodologies.