The California Energy Commission, the state’s primary energy policy and planning agency, is funding an experimental market for carbon-credit trading on a public blockchain.
Under a plan announced Friday, digital tokens will be awarded to participating businesses that cut their carbon footprint by powering electric van sharing, said Eduardo Javier Muñoz, CEO of EVShare, the startup running the pilot. The credits can then be used to pay for electricity consumption, rides and services.
Mobility-related transactions will be recorded on the RSK blockchain, a smart contract-oriented platform that is similar to Ethereum but runs on top of the Bitcoin network.
The market is part of a $20-million initiative that will track data related to solar panels, energy storage, electric vehicles and charging