Agreement between DevvStream and Global Green establishes a Carbon Program in the United States to help local and federal government organizations, corporations, and academic institutions execute their climate plans through carbon markets.

Vancouver, British Columbia–(Newsfile Corp. – January 17, 2023) – DevvStream Holdings Inc. (NEO: DESG) (“DevvStream” or the “Company“), a leading carbon credit investment firm specializing in technology solutions, and Global Green, the American affiliate of Green Cross International (GCI), a global non-governmental organization founded by President Mikhail Gorbachev in 1993, are pleased to announce the launch of a U.S. Carbon Program (the “Program“). The Program is designed to introduce advanced emissions-reducing technologies to Global Green’s extensive network of local and federal government organizations, Fortune 100 companies, academic institutions, and private foundations, while providing funding for sustainability initiatives, programs and projects through the use of carbon offset credits.

Carbon market investments have become a vital component of forward-thinking climate plans for both the public and private sector. The global voluntary carbon market was valued at ~US $2B, in 2021 and is expected to grow 50x by 2030¹, while the compliance market grew from $305B in 2020 to $806B in 2021. Carbon credits created via nature-based solutions (e.g., tree planting, agricultural projects, forestry protection) can only provide up to 20% of carbon emission reductions necessary to meet the world’s goals, while the other 80% will need to come from technology-based solutions² (e.g., carbon removal, artificial carbon sequestration, and the replacement of current inefficient technologies). As such, the Program relies exclusively on the generation of technology-based carbon credits, leveraging DevvStream’s expertise in compliance and voluntary markets, its advanced blockchain-based digital asset platform, and its curated ecosystem of technology partners.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151516

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