China Carbon Neutrality (01372): Carbon Coin, a carbon credit stablecoin agreement, completed data docking with 200,000 tons of carbon credits successfully added to the chain

According to the Zhitong Finance App, China Carbon Neutrality (01372) issued an announcement. Future Marvel Limited's Carbon Credit Stablecoin (Carbon Coin) agreement, a subsidiary of the group, completed the data docking process and successfully implemented 200,000 tons of carbon credit on the chain. The Carbon Coin agreement is an important exploration of the company in the field of digitizing carbon credits. The data connection with related systems has been completed, providing strong technical support for the on-chain and subsequent management and trading of carbon credits. “Carbon credit on-chain” refers to digitally characterizing and authorizing carbon assets related to carbon emission reductions, such as Verified Carbon Standard (VCS) and Gold Standard, through blockchain technology to achieve transparent management and efficient circulation throughout the life cycle.

After early technical debugging, the Carbon Coin agreement has successfully completed a comprehensive data interface with carbon credit-related data sources, trading platform interfaces, and public chain systems. This docking enabled immediate synchronization, information exchange and verification of carbon credit data, ensured the accuracy and consistency of data during circulation, and laid a solid data foundation for efficient management and transactions after carbon credit went online.

The company's carbon credit on the chain this time comes from VCS projects to reduce carbon emissions such as biomass cogeneration and other renewable energy sources. This uses the “Green Letter Chain (Alliance Chain) +Public Chain” dual-chain model, which has the characteristics of decentralization, high security, immutability, and traceability of the entire process. Through smart contracts, carbon credit registration, authorization and circulation management are realized. These technologies are becoming a core force in the upgrading of the global carbon market, mainly reflected in: First, improving data credibility, preventing data tampering, and ensuring that emission data and transaction records are true and trustworthy. Second, to improve transaction efficiency, smart contracts automatically execute quota allocation and settlement, and shorten the transaction cycle from weeks to minutes. Third, innovate financial models, such as tokenizing carbon credit assets to enhance their liquidity; support carbon asset pledge financing and help green loans. Fourth, strengthen regulatory collaboration, achieve cross-chain data exchange and real-time supervision, promote upgrading from traditional “ex post facto verification” to “in-fact control”, and improve the efficiency of supervision and the level of compliance.

The completion of the Carbon Coin agreement to connect data and launch carbon credits is a concrete expression of the company's implementation of the “Environmental, Social and Governance” (ESG) concept. It is also a demonstration of the company's technological innovation in the field of digitizing carbon assets. It helps enhance the company's brand influence in the green and low-carbon field, and is in line with the capital market's recognition trend for sustainable enterprises. The board of directors believes that the approval of carbon credit data on the chain will effectively promote transparent trading of carbon assets, market pricing, and the healthy development of green asset financing, and is of positive significance in improving the green asset finance ecosystem and promoting the overall progress of the industry. This move will lay a good foundation for the Group to expand other related businesses and help consolidate the overall interests of the Group and shareholders.