The token-driven economy can unlock massive amounts of value. While today’s voluntary carbon credit system is estimated to be in the billion-dollar range, the required accounting is time-consuming and expensive, which can deter potential investors. The IWA efforts aims to make it much simpler. The Carbon Emissions Token (CET), a draft Token Specification Template in the IWA’s Token Taxonomy Framework (TTF) is an excellent first step in establishing a standard methodology for individuals and businesses around the world to begin leveraging. The key take away is that this is a global initiative requiring all businesses and governments around the world to cooperate and interoperate, regardless of the state machine being used, in order to properly account for all emissions as it relates to individual climate pledges.
— Jason Pancis, Co-founder and COO of Envision Blockchain