CoinFund partners with Apex and Nori for a more environmentally conscious web3

Wednesday 2 March 2022 12:45 CET | News

CoinFund, a web3-focused investment firm, has partnered with emission assessment provider, Apex Group, and transparent carbon removal, Nori, to calculate and offset its 2021 Bitcoin carbon footprint.

Working with CoinFund, Apex delivered an independent assessment of the carbon emissions associated with the firm's Bitcoin exposure by evaluating transactional Bitcoin volume, leveraging Cambridge University geographic hash rate data to assess miner use of renewable energy, and calculating the firm’s carbon footprint related to this activity.

With this calculation in hand, CoinFund partnered with Nori to physically remove an equivalent number of emissions from the atmosphere through carbon abatement and sequestration. Nori’s web3 native carbon offset solution enabled CoinFund to pay farmers in Nebraska to use sustainable techniques that promote soil carbon sequestration, as measured by NRTS (Nori Carbon Removal Tonnes).

Apex follows industry practice reporting standards and regulations, such as the TCFD, CDP, GHG Protocol, SFDR, DEFRA, EPA, and more, to understand and quantify each client’s carbon footprint. 

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, Web 3.0, investment, Bitcoin, cryptocurrency
Categories: DeFi & Crypto & Web3
Companies: Apex Group, CoinFund, Nori
Countries: United States
This article is part of category

DeFi & Crypto & Web3

Apex Group





Discover all the Company news on Apex Group and other articles related to Apex Group in The Paypers News, Reports, and insights on the payments and fintech industry: