A market for crypto carbon offsets is reportedly booming, and its drawing DeFi entrepreneurs and big investors like Mark Cuban

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According to a report by The Wall Street Journal, the market for greenhouse-gas emissions credits is growing fast, with investors like Mark Cuban.
Proponents say that with the use of digital currency, more transparency can be brought to carbon credits. Many companies buy them to make up for their emissions. The credits are traded on unregulated markets.
The WSJ highlighted Toucan, a project that lets users who own carbon credits link them to digital token called BCT, which went live in October. BCT is a token that can be traded on exchanges.
More than 17 million carbon credits have been tied to BCT. The token traded for as much as $5.59 on Monday, according to CoinGecko, which represents a value of roughly 95 million dollars.
Toucan told the WSJ that it's working to make the voluntary carbon market more efficient by providing real-time pricing information and a public record of trades to track who can take credit for funding projects to improve the climate.
The report states that trading in BCT has been driven by Klima. People can buy Klima with BCT token. The BCT token is removed from circulation by the DAO. More than 14 million BCT token can't be used for carbon offsets.

According to the WSJ, the developers of Klima say their token helps the climate by reducing the availability of carbon credits and pushing up their prices. That should make carbon-offsetting projects more profitable and encourage more creation of initiatives that benefit the climate.
Skeptics told the WSJ that Klima could reduce transparency.

The creators of KlimaDAO are anonymous, but the Toucan non-profit said they have put millions of dollars into projects to improve the climate.
Mark Cuban, the owner of the Dallas Mavericks, said he owns Klima, but wouldn't say how many or whether he has profited.
The environmental impact could be consequential if the anonymity works, according to Cuban.

According to a report published Monday, the credits have been almost tied to the creation of, with some market participants saying the technology creates incentives for projects aimed at aiding the climate. A poor environmental reputation has been cast upon Cryptocurrencies due to the large amount of energy used in mining.
Business Insider has an original article.