Nori is not in the carbon offset business. They are in the carbon removal business. For the most part, carbon offsets are about avoiding future emissions and carbon removals are about removing past emissions that are already up in the air. There are plenty of efforts underway in other industries to avoid future emissions. Nori is tackling the problem of what to do with the excess CO2 the world has already emitted.
Nori’s first carbon removal methodology is accomplished by sequestering carbon in croplands. Currently there is double counting and liquidity issues in the carbon market. That can only be solved by retiring the carbon immediately after it is sold to the first buyer. And it should be retired in a specific location as specified by the buyer.

This is where blockchain comes into the picture. Everyone can be absolutely confident that the information they see on a large public blockchain like Ethereum or Bitcoin has not been tampered with by anyone after it is recorded. (Nori is built as an application on the Ethereum blockchain.) The challenge then is ensuring that the data stored on there is accurate. We go over how we do that in our Croplands Methodology.

What that means for international carbon accounting is that when someone sells an NRT across borders using Nori, it is simple to ensure that the NRT is only counted once. And that information is open source so that anyone in the world can forever check to see that the corporations or countries who report the carbon reductions are telling the truth.


MCM Collaboration

Nori provides MCM with expertise to support our rural development and planning projects that seek sustainable agriculture solutions. In addition, they participate in environmental salons, webinars and the like for market channel expansion.