Author: NewsEditor

NEW YORK – September 16, 2022 – (Newswire.com)

Credello, a fintech platform that provides its users with personalized and unbiased recommendations to help make better financial decisions, is excited to announce the winner of its $10,000 Credello College Scholarship.  

Bella Remirez was named the winner of the $10,000 Credello College Scholarship. The contest, which ran from November through July 15, 2022, asked participants to create an original video between 60 and 180 seconds exploring the themes of financial knowledge at a young age, taking control of finances, family money lessons, and the best and worst financial advice they have received from family and friends. Not only did Remirez, the first person in her family to attend a four-year college, succeed, but she challenged viewers to look at financial privilege and the importance of having honest money talks with family. Out of 54 qualifying entries, Remirez was chosen as the winner. Watch her winning entry here. Schools including the University of Pennsylvania, Iowa State University, and the University of Connecticut all featured the Credello scholarship on their websites as a resource for students.  

The cost of attending college for four years—including tuition, fees, and room and board—has skyrocketed since 1980. According to the National Center for Education Statistics, between 1980 and 2020, the price increased from $10,231 to $28,775 coming out to a 180% increase. As of 2020, 56% of college students say they can no longer afford their tuition, according to a survey by OneClass of more than 10,000 current freshmen, sophomores, and juniors from 200-plus colleges and universities in the U.S. Credello launched this scholarship program to help college students secure their financial future.

In the meantime, we know it’s not only students that need help with their financial future. Credello offers many tools and resources to offer you unbiased recommendations for paying off your debt. Follow Credello on social for more scholarship opportunities for 2023. 

Contact Information:

Carolina d’Arbelles-Valle

[email protected]

+1 305 849 8443

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Credello Announces $10,000 College Scholarship Winner

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There are approximately 672,000 tonnes of HFC-23 credits within the BCT pool, KlimaDAO’s community has voted to remove them from the pool to improve the quality of contained credits.

SAN FRANCISCO – September 15, 2022 – (Newswire.com)

KlimaDAO has announced that it has allocated a limited amount of its treasury holdings to remove the HFC-23 credits from the Base Carbon Tonne pool and “burn” them – an act which means that the environmental benefit of these tokenized carbon credits cannot be claimed by any entity or organization. You can view the details here.

HFC-23 carbon credits were phased out from the Verra Registry in January 2014 after they were banned in the compliance markets, with concerns cited around HFC-23 facilities gaming the system to create new carbon credit issuances that could be sold on into the market for a profit. 

Two carbon projects had been registered with the Verra Registry prior to the phase-out, with one issuance made from the Yingpeng HFC23 Decomposition Project of 4.5mn credits. A number of these credits remain live on the Verra Registry, meaning their environmental benefit can still be claimed through the retirement of the credits. Data from AlliedOffsets shows that up until 2020, these credits have been retired by a number of entities to claim their environmental benefit. 

The initial design of the Base Carbon Tonne pool by the Toucan Protocol allowed a broad range of carbon credits to be deposited in the pool, providing they had a vintage of 2008 and onwards. It wasn’t until a number of HFC-23 credits had been deposited into the pool, and concerns were raised about the quality of these credits, that the depositing of HFC-23 credits was blacklisted by Toucan. 

Today, KlimaDAO holds over 90% of the Base Carbon Tonne pool within its treasury reserves and its liquidity pools on the SushiSwap platform. The primary function of the credits within the liquidity pools is to enable users of on-chain carbon to acquire tokenized carbon credits and claim their environmental benefit of them efficiently and transparently by retiring them on the blockchain using KlimaDAO’s retirement aggregator infrastructure. 

To address concerns around the quality of these credits, KlimaDAO utilized its decentralized governance process to host a discussion with its community members on its Forum about the removal of these credits from its ecosystem. A token vote of the community members on the SnapShot platform passed with 83% approval to destroy the credits. 

The approximately 672,000 HFC-23 credits in the BCT pool have now been burnt and removed from KlimaDAO’s tokenized carbon credit ecosystem. 

Drew Bonneau of KlimaDAO said, “Both market commentary and the available data on the HFC-23 credits demonstrate to us that this credit is considered at best low-quality, and at worst valueless. After discussing the issue with our community it is clear to us that removing these tokenized carbon credits from our ecosystem is the desired approach.” 

Bonneau added, “One of our strengths as a DAO is that we are able to bring in the perspectives of our 70,000-strong community, which includes a number of advisors from across the carbon market – we are grateful for their engagement and encourage continued participation with our DAO’s governance processes as we develop our ecosystem in line with market needs.”

About KlimaDAO

KlimaDAO is an on-chain scaling solution for the Voluntary Carbon Market. By combining tokenized carbon credits with a blockchain-enabled technology stack, KlimaDAO aims to open up the market to greater transparency and efficiency.

If you are interested in participating in KlimaDAO’s governance process, join the Forum. If you are a business looking to offset your carbon footprint, get started here. 

For more information, please see https://polygonscan.com/tx/0x4dc5dc1b6e7d2a6c58ff244a8e2bf8dcd6e93c3576f6bcf9f24de9329f4753c1

Press Contact
Natacha Rousseau 
[email protected]

Press Release Service
by
Newswire.com

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KlimaDAO Cleans Up HFC-23 Credits From the Base Carbon Tonne (BCT) Pool

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