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DeepMarkit Announces Strategic Initiative to Explore the Minting of Renewable Energy Certificates
DeepMarkit Announces Strategic Initiative to Explore the Minting of Renewable Energy Cert...
About this update from Prospect Prediction Markets Inc.
[{"type":"text","content":"\n \n \n \n DeepMarkit Announces Strategic Initiative to Explore the Minting of Renewable Energy Certificates\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n Renewable Energy Certificate market size was valued at\n \n US$12.7 billion\n \n in 2021, which is projected to reach\n \n US$100 billion\n \n by 2030\n \n \n \n \n \n \n The Company's MintCarbon.io platform has the capability of seamlessly facilitating the minting of RECs into NFTs as with carbon credits\n \n \n \n \n \n \n CALGARY, AB\n \n ,\n \n April 20, 2022\n \n /CNW/ -\n \n DeepMarkit Corp., (\"DeepMarkit\" or the \"Company\")\n \n (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting credits into non-fungible tokens (\"NFTs\"), is pleased to announce that it has embarked on a strategic initiative to explore the minting of Renewable Energy Certificates (\"\n \n RECs\n \n \") into NFTs via its proprietary MintCarbon.io platform. RECs, also known as green tags or tradable renewable certificates, are non-tangible energy commodities that represent proof that one megawatt hour (\"\n \n MWh\n \n \") of electricity was generated from an eligible renewable energy source. The global REC market was valued at\n \n US$12.7 billion\n \n in 2021 and is projected to reach\n \n US$100 billion\n \n by 2030.1 By comparison, the voluntary carbon credit market surpassed\n \n $1 billion\n \n in market value in November 2021.2\n \n \n \n \n \n \n \n \n \n The increase in demand for electricity around the world and company policies to reach certain renewable energy consumption targets, combined with the increase in renewable energy market share, are driving growth in the REC market. Until recently, the market's growth has been restrained by opaque regulations, general inaccessibility and the lack of awareness by developing countries that could benefit from a transparent and accessible platform like the MintCarbon.io platform. MintCarbon.io is expected to play an important role in ass...