Together with 123Carbon and its partners, AllChiefs and Verifavia, NORDEN will begin to issue carbon inset tokens through 123Carbon’s platform to support the decarbonization of customer supply chains.
According to the company, with the platform, NORDEN will be able to tokenise CO2-equivalent reductions made on biofuel voyages and allocate them to industry customers who are looking to reduce their maritime Scope 3 emissions. The intent is to connect emission reductions.
Carbon insets are not new to the market, but are in their early days in the shipping industry. However, we believe that carbon insetting will play a major role in accelerating the uptake of low-carbon fuels by connecting the demand for green freight with the supply, while bridging availability constraints.
… said Adam Nielsen, Head of Logistics and Climate Solutions at NORDEN
We are here to empower organisations to make a real difference within their own supply chains and accelerate the decarbonisation of transportation.
… added Jeroen van Heiningen, Managing Director of 123Carbon
As stated by NORDEN, the platform support auditing companies like Verifavia, to thoroughly verify all underlying documents online, after which immutable tokens are issued on blockchain.
Unlike carbon offsetting, the entire chain of custody for the insetting process is independently verified – as well as the reductions corresponding to an intervention – enabling genuine transparency over carbon reductions supported by reliable certification.
…said Nicolas Duchêne, General Director of Verifavia
