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illuminem summarizes for you the essential news of the day. Read the full piece on TechCrunch or enjoy below:
🗞️ Driving the news: BlueLayer, a European startup, has introduced a software platform aimed at assisting carbon project developers in managing their carbon credits efficiently
• This initiative seeks to complement decarbonization efforts by providing a robust tool for beyond value chain mitigation
🔭 The context: While decarbonizing supply chains is critical for reducing emissions, BlueLayer recognizes that carbon credits remain a necessary supplement
• The startup, having raised $5.6 million in a seed round, focuses on offering a comprehensive backend software solution for carbon credit management
🌍 Why it matters for the planet: By facilitating better management of carbon credits, BlueLayer supports projects such as reforestation and peatland restoration, contributing to global carbon offset efforts
• This initiative highlights the importance of innovative tools in enhancing the effectiveness of environmental projects
⏭️ What's next: BlueLayer aims to expand its services, offering integrations with legacy systems and potentially aiding in the pre-financing of future projects. This could lead to more efficient and scalable carbon offset projects, further aiding the fight against climate change
💬 One quote: "We’re not a broker; we’re not an intermediary. So we don’t take big commissions on sales and that’s because we need to be aligned with one side of the ecosystem, which is the developers," says co-founder and CEO Alexander Argyros
📈 One stat: BlueLayer has engaged in discussions with over 200 carbon project developers, indicating significant interest in its platform
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