{"type": "project", "title": "Carrot Network", "logoImg": "bafkreihb5sqhfsxf5dkqvhnijlpid64btlmsecj4plc2j2mrd4rrbjlfm4", "website": "https://www.carrot.eco/", "bannerImg": "bafkreiguu65kpxxtutq5cacjp76nvcmr53jbeg3hbsjib7oudvt7hqj7fy", "createdAt": 1722391052905, "credentials": {}, "description": "Carrot is a blockchain network aiming to address our pollution and climate change needs by scaling global recycling rates from ~10% to >90%.\n\nBy doubling the current circularity rate, we could address 85% of global GHG emissions reductions needed to stay below 2 \u00baC (Circularity Gap Report), making the circular economy one of the most effective solutions to combat climate change. \n\nCarrot provides a globally scalable and economically practical solution to increasing circularity rates. Our technology meticulously tracks waste through the recycling supply chain, certifies recycling, mints carbon and recycling credits via peer-reviewed, third-party methodologies, and sells those credits. Upon credit sale, revenue is automatically distributed to the recycling participants whose environmental work led to the creation of each individual credit.  \n\nCredit sales place a value on environmental work, recycling by waste type,  and avoided carbon emissions that  are associated with high performance recycling instead of needing to extract and process raw materials. \n\nAutomatic credit revenue distribution acts as a direct investment into recycling infrastructure \u2013\u2013 bridging the gap between the cost of recycling versus landfilling,  which is paramount to leading (with a carrot and not a stick)  the transition from a linear to a circular economy. ", "logoImgData": {}, "bannerImgData": {}}
Carrot Network
Carrot is a blockchain network aiming to address our pollution and climate change needs by scaling global recycling rates from ~10% to >90%.

By doubling the current circularity rate, we could address 85% of global GHG emissions reductions needed to stay below 2 ºC (Circularity Gap Report), making the circular economy one of the most effective solutions to combat climate change. 

Carrot provides a globally scalable and economically practical solution to increasing circularity rates. Our technology meticulously tracks waste through the recycling supply chain, certifies recycling, mints carbon and recycling credits via peer-reviewed, third-party methodologies, and sells those credits. Upon credit sale, revenue is automatically distributed to the recycling participants whose environmental work led to the creation of each individual credit.  

Credit sales place a value on environmental work, recycling by waste type,  and avoided carbon emissions that  are associated with high performance recycling instead of needing to extract and process raw materials. 

Automatic credit revenue distribution acts as a direct investment into recycling infrastructure –– bridging the gap between the cost of recycling versus landfilling,  which is paramount to leading (with a carrot and not a stick)  the transition from a linear to a circular economy. 
Carrot Network