KyotoProtocol.io receives backing from sustainability focused private equity firm.
Evolving the Carbon Credits game for good…
More about this partnership…
Sustainability-focused private equity firm Northwood Infrastructure Capital is pleased to announce its partnership with KyotoProtocol.io in pursuit of innovative carbon negative technology through the world’s first WEB3 decentralised, trust less, multi-layer carbon credit protocol, creating border-less access to a De-Fi ecosystem.
KyotoProtocol.io is an exciting new vertical for NICL and we are committed to helping it to become the go-to marketplace for carbon trading.
NICL has for long been an advocate of the digitalisation of the energy sector and finally we have a platform which, using blockchain technology, enables owners of renewable power assets to monetise carbon credits via a transparent marketplace.
Powered through smart contracts and running on an open, secure blockchain ledger, KyotoProtocol.io removes costly intermediaries whilst blockchain technology ensures complete transparency and accountability. It also enables users to earn yield and make carbon offset a lucrative business by unlocking a plethora of capabilities with DeFi.
The global carbon credit market was valued at US$ 211.5 billion in 2019, according to analysis by Global Voluntary Carbon Offsets Market. It is expected to reach US$ 2,407.8 billion by 2027 at a CAGR of 30.7% between 2020 and 2027. But, despite the expected market growth, the industry lacks transparency and is not accessible to all businesses. KyotoProtocol.io removes these restrictions with its Web3 smart contract- a blockchain-driven carbon credit platform.
“Try and buy a carbon credit online and you’ll quickly find it is near-impossible! It’s practically exclusive to big industry trading large volumes. KyotoProtocol.io changes this through the use of smart contracts, allowing corporations and individuals alike to offset their carbon footprint and earn money through DeFi, making carbon trading both green and profitable. KyotoProtocol.io offers a segue for energy projects to become truly digitalised and we at #NICL are very excited about this new venture”
- Gaurav Singh, CEO of NICL.
"With KyotoProtocol.io, we create an open platform by giving Web3 access and unique DeFi offerings to everyone. Our goal is not just to settle with carbon neutrality but become carbon negative and we are pleased to receive the backing of NICL with whom we have developed a strong working relationship. We are confident that NICL have the network to enhance liquidity and help make KyotoProtocol.io the go-to platform for carbon offsetting globally"
- Ashton Hunt, CEO of KyotoProtocol.io.
About Kyoto Protocol
Kyotoprotocol.io is the world’s first decentralised multilayer carbon credit finance protocol. Our technology improves the dated and lagging carbon credit industry by implementing trustless smart contracts, on a secure and transparent blockchain ledger. KyotoProtocol.io offers the solution needed to boost the growth and accessibility of the current carbon credit offset industry.
About Northwood Infrastructure Capital
Northwood Infrastructure Capital is an FCA-regulated private equity firm investing in the development and construction of solar photovoltaic and battery storage projects and providing investment banking services to developers of renewable power, energy storage, circular economy and digital infrastructure projects.
