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Takeaways from Dubai Fintech Week: enterprises want audit-ready emissions data, trusted credits, and product-ready climate tools that are easy to explain.

A carbon credit represents the reduction or removal of one metric ton of CO2e (carbon dioxide equivalent). Credits are issued to verified projects and can be used by organizations to compensate for emissions in both regulated compliance programs and voluntary markets.

Broadly speaking, there are two types of carbon emissions (operational emissions and supply chain emissions). Operational emissions comprise Scope 1 and 2, while supply chain emissions are considered Scope 3.

The COP28 climate summit in Dubai brought together leaders from governments, business, academia, and civil society to shape the future of climate action. Coral attended as a UAE-based startup, forging partnerships and supporting businesses worldwide in meeting their sustainability goals.

Leadership is key to making meaningful progress against climate change, and corporations like Nissan are stepping up. Coral is proud to have been chosen as Nissan Formula E’s official carbon credits partner. Together, we’re ensuring transparency in offsetting the racing team’s carbon footprint. Coral continues its mission to bring clarity and trust to carbon markets, making environmental responsibility achievable for all.

The carbon credit market, often touted as a critical tool in the fight against climate change, has its share of challenges and controversies. While it is designed to incentivize emission reductions and support sustainability initiatives, several issues have plagued its effectiveness and integrity.

Climate disclosure regulations are setting the stage for a “trickle-down effect” that influences every industry and every stage of the supply chain.

Companies subject to climate regulation must select the appropriate carbon accounting protocol. Here are the two key protocols and how they align to major climate regulations.

We’re proud to announce the launch of Coral’s API on the Shopify platform, enabling businesses to embed emissions calculations and carbon offsets directly into their shopping experiences. With this integration, we’re making it easier for brands to empower their customers with informed, sustainable choices.