IMPT Becomes First Intermediary in Catalan Climate Credit Initiative
IMPT, an Irish green commerce platform, is the first registered intermediary for Catalonia's Climate Credit system, allowing consumer contributions to verified climate projects. This initiative aims to democratize access to climate action through everyday spending, enhancing transparency with blockchain technology.
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IMPT has been selected as the inaugural registered intermediary within Catalonia's Climate Credit system, enabling consumers to contribute to climate projects via regular transactions. Previously, Climate Credits, valued at around €4,000 each, were primarily accessible to corporate and institutional investors.
This new model facilitates smaller contributions and utilizes blockchain for transparency in tracking funding usage. The initiative connects digital commerce with environmental efforts, allowing support for local projects through activities such as hotel bookings and online shopping.
The Climate Credits are derived from PROMACC projects, focusing on sustainable forestry and climate resilience. Unlike traditional systems, this model assesses environmental benefits across carbon capture, water provision, and biodiversity while considering social and economic impacts. IMPT's integration of Climate Credits will enhance its green commerce offerings, providing users with access to over eight million hotels and various retail partners globally, potentially increasing consumer engagement in climate action.
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