Climate start-up partners with Ripple to launch marketplace for carbon credits News โธ XRP โธ Partnerships
Climate start-up partners with Ripple to launch marketplace for carbon credits
Thallo's platform will bring buyers and sellers of high-quality carbon credits together.
1 min read
Updated: Oct. 4, 2022 at 1:52 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Web 3 climate start-up Thallo inked a partnership deal with Ripple (XRP) and various other companies to build a first-of-its-kind marketplace that brings buyers and sellers of high-quality carbon credits.
Thallo’s platform runs on Ripple’s XRP and focuses on the pricing problem of the current carbon market. With its new platform, buyers and sellers will find each other more quickly and make healthier transactions.
Thallo’s Co-Founder Joseph Hargreaves commented on their partnership with Ripple and said:
โTogether, we will help make the voluntary carbon market more effective, helping funds go toward high quality projects and making it easier for companies to achieve their sustainability goals in a transparent and verifiable way.โ
According to the announcement, the total cap of the voluntary carbon market is almost $2 billion and is expected to see $150 billion in the next eight years.
Carbon-neutral Ripple
Ripple is among the founding partners of Thallo. Ripple’s Senior Vice President, Ken Weber, said:
“As the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification”
Thallo’s efforts to contribute to the carbon market to increase liquidity, scalability and price access align with Ripple’s commitment to bolster carbon neutrality in the crypto sector. Ripple’s XRPL is already carbon-neutral, and the company takes initiatives to increase green energy projects.
Thallo Team
Thallo’s team is divided into three pillars. The founding partners include Ripple, Climate Collective, VenTree Innovations, InPlanet, and other carbon-related projects.
The second pillar is integrity partners, which include academics and non-profit organizations such as Carbon Business Council and Crypto Climate Accord.
The third group is called innovation partners, focusing on critical areas in the field and leveraging new technologies to offer tangible solutions. Chainlink, Aklimate, and Celo Foundation are three of the team of 14.
Mentioned in this article
Posted In: XRP, Partnerships
Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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XRP
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Theย XRP Ledgerย is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Ripple
Ripple is a US-based technology company which develops the Ripple payment protocol and exchange network using XRP, the digital asset native to the XRP Ledger.