Supporting Sustainability in Azerbaijan with Carbon Markets

FARI Solutions is delighted to share a collaborative effort with Carbon Sarhat to support sustainability outcomes in Azerbaijan and the surrounding regions. Leveraging FARI Solutions’ experience in blockchain technology consulting services for enterprise and public sector coupled with Carbon Sarhat’s digital asset platform and expertise, we’re creating an unrivalled access to tokenized carbon credits.

What Are Carbon Credits?

Carbon credits are permits – counted as 1 tonne of carbon dioxide (CO2) – that allow businesses to emit a specified quantity of greenhouse gases (GHG), such as CO2. The primary goal of carbon credits is to minimize GHG emissions and combat climate change. Certain jurisdictions such as the European Union, Canada, China and others have introduced mandatory carbon restrictions and have market-based system, where companies can trade credits based on their requirements and ambitions. Carbon credits are also used to support initiatives in developing markets that decrease, eliminate, or avoid GHG emissions. It’s a powerful tool to address near-future environmental concerns, and is a key driving factor of sustainable finance.

Discover Tokenized Carbon Credits Through Carbon Sarhat’s Digital Asset Platform

As long-term believers and champions of blockchain technology and digital assets, we understand the need to take the user journey into consideration. As such, the user experience has been a top priority throughout the development of Carbon Sarhat. Carbon Sarhat’s user-friendly interface, powerful tokenization engine behind the scenes and integrated payment rails delivers an end-to-end platform to interact with tokenized carbon credits and other assets. Tokenizing carbon credits enable us to tackle enduring challenges in the carbon markets. We’re improving accessibility to carbon offsetting, limiting double counting with immutable on-chain supply chain data and provide Carbon Sarhat clients transparent price discovery.

Here’s how a digital asset transaction on Carbon Sarhat looks like:

We have curated carbon units from around the world by leveraging technologies such as solar, wind, biomass, biogas and others in our endeavour to provide the highest quality carbon credits.

World’s Largest Sustainability Event to be Held in Azerbaijan

The 29^th edition of Conference of the Parties to the UN Framework Convention on Climate Change is being held in 2024 in Azerbaijan. After Armenia and Bulgaria waived their candidacy to host the event, the Eastern European regional group supported Baku to set the stage where global leaders will convene to tackle pressing issues covering energy, carbon emissions and more. COP 28 formed a historic conclusion that leads towards a shift from fossil fuels. And now, the buildup to COP 29 delivers an exceptional opportunity for progressive organizations to take action in addressing their carbon footprint.

Are There Other Carbon Offsetting Measures?

A race to find long-term solutions to climate change is afoot globally. While technological development of carbon capture, efficient energy, carbon storage and a variety of groundbreaking innovations are making strides every day, true adoption is reliant upon feasibility.

The short- and medium-term key of mitigating carbon emissions and limiting global warming to 1.5°C is still carbon credits due to better economics. However, even now capital inflow has to drastically increase to make sustainable outcomes broader.