1️⃣Executive Summary

Humanity faces mounting pressure to address climate change. Traditional approaches to climate action have primarily focused on reducing or avoiding greenhouse gas emissions. However, even if we achieve net-zero emissions, the carbon dioxide in the atmosphere will persist and continue to impact the climate for thousands of years.

Carrot is the first full end-to-end blockchain-based solution that ensures both liquidity and traceability of CDR (Carbon Dioxide Removal) credits from initial sale to retirement on carbon ledgers. Carrot introduces grade as a key factor in valuation, to support grouping credits by the duration of the associated carbon storage.

Carrot aims to help restore the climate by going beyond emission reduction into actively removing existing carbon dioxide from the atmosphere. Its introduction facilitates and accelerates the development of scalable CDR solutions, otherwise known as Negative Emissions Technologies. A Carrot (Carbon Removal Token) is the immutable representation on the blockchain of a unit of CDR.

This white paper provides an in-depth analysis of Carrot, its vision, architecture, and technological underpinnings that position it as a unique solution for funding innovation, enabling a dynamic market, and scaling CDR solutions.