Billion-Dollar Carbon Double-Counting: Brazil’s Petrobras Taps Cardano to Save the Day
Can you imagine your wallet losing out on billions due to carbon double-counting? Brazil's largest energy giant, Petrobras, is now testing Cardano to prevent this exact problem. They're using Cardano tokens to track sustainable aviation fuel benefits and prevent duplicate claims. The SAF project addresses a major issue where the buyer of a fuel's environmental benefit is different from the buyer or user of the fuel itself. This is a game-changer for the aviation industry, where companies can now receive the benefits of sustainable fuels even when they're produced or used elsewhere. But that's not all - the Cardano Foundation is also working on a new project called Diesel R, which proposes checkpoints across production, transportation, and use to create a continuous fuel-lifecycle record. This could support Scope 3 reporting, giving companies a more accurate picture of their indirect emissions. But here's the thing - commercial use of Cardano tokens remains unquantified, which is a major concern. How will this impact the future of sustainable energy?
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