Q1: What is the core idea or insight you want to pursue?

Our core idea is to study the impacts of carbon insurance or decentralized carbon insurance on emission reduction investment/carbon trading market expansion, etc., and finally to create a more transparent, efficient, secure, and flexible decentralized carbon insurance protocol(or blockchain-based carbon insurance system) to address various risks in the carbon credit trading market (such as transaction price, quantity, quality, etc.). This ensures that buyers of carbon credits are able to make early investments in carbon removal projects, receive carbon credits in a timely manner with guaranteed quality and quantity, or avoid the loss of carbon assets due to price volatility, removes buyers' concerns about the transaction, and thus attracts more carbon removal solution providers (sellers/providers of carbon credits) and accelerates the expansion of the carbon trading market.

Currently, the insurance protocols surrounding carbon removal investment and carbon credit delivery face the following challenges, which we outline from two perspectives:

From the perspective of traditional carbon insurance protocols:

From the perspective of the decentralized insurance market:

To improve existing protocols and accelerate the carbon credit trading market, we will implement the following principles in our carbon insurance protocol improvement: