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by ncmncm
1552 days ago
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It could be profitable if you sold carbon credits. The pH and water volume may be measured accurately on the way through, precisely identifying exactly how much CO2 is being sequestered. I don't know how the carbon credit economy works. I would welcome enlightenment. |
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I've heard deals with prices in the range of $0.5 to $5 per tonne CO2 equivalent. There's also a decentralized protocol that aims to move these credits onchain (https://toucan.earth/), their BCT (Base Carbon Tonne) token price is currently around $3.1.
As stated in the post, last year ~$1B worth of credits are sold. One McKinsey report expects it to be around $50B at 2030.
There are much more details of course, but these are the basics as I know.