Press release
SEALSQ Aligns with COP29 Standards to Drive Sustainable Transformation in the IoT Industry
Geneva, Switzerland, Nov. 13, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a leader in the development of post-quantum
About this update from Sealsq Corp
[{"type":"text","content":"Geneva, Switzerland, Nov. 13, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ: LAES) (\"SEALSQ\" or \"Company\"), a leader in the development of post-quantum technology, announced today its alignment with the newly adopted COP29 standards, setting a robust foundation for its commitment to sustainability within the IoT industry. The latest standards, agreed upon by participating nations at the UN COP29 climate summit in Baku, Azerbaijan, lay the groundwork for a transformative carbon crediting framework under the Paris Agreement. SEALSQ is prepared to play a critical role in helping companies efficiently manage their CO₂ offsets, advancing the decarbonization of the IoT sector. At COP29, countries reached a milestone by establishing standards for carbon credits, under Article 6.4 of the Paris Agreement. These new guidelines set clear requirements for creating, assessing, and validating projects, particularly in carbon removal, through the Paris Agreement Crediting Mechanism, which succeeds the Clean Development Mechanism of the Kyoto Protocol. COP29 President Mukhtar Babayev, highlighted the significance of this breakthrough as \"a sign of early momentum\" and emphasized its potential to channel resources effectively to the developing world. These standards mark the beginning of much-anticipated progress on Article 6, following prior stalemates. SEALSQ’s integration into carbon market infrastructure aligns with the vision of COP29 by addressing challenges in transparency and efficiency within traditional carbon markets. By leveraging blockchain technology, SEALSQ provides an immutable and transparent ledger for tracking and retiring carbon credits, ensuring that carbon removal projects can be validated and managed with integrity. This approach facilitates the registration of projects under the new standards, empowering businesses to contribute meaningfully to global climate goals. Carlos Moreira, CEO of SEALSQ, commenting on the Company’s commitment to these new standards, noted, “It is an honor to align our mission with the groundbreaking COP29 standards and lead positive transformation within the IoT space. SEALSQ’s solutions reflect our dedication to building a sustainable future, and we believe these innovations will be essential tools as the industry responds to the global climate agenda. We are eager to drive impactful change ...