Credit Type

Each credit protocol is associated with a credit type that defines the primary unit of measurement used to quantify the ecological asset being traded (i.e. carbon, biodiversity, etc).

Carbon credits, for example, represent a metric ton of CO2e, which is a standard used to measure greenhouse gas emissions. This unit of measurement can be used across a variety of credit protocols. Reforestation projects, grazing practices, and blue carbon projects all focus on carbon sequestration and share the same credit type (carbon) despite corresponding to different credit protocols. Regen is exploring new credit types with various partners based on metrics of biodiversity, environmental stewardship, water, etc.

New credit types can be created via going through an on-chain governance proposal.

The list of allowed credit types is managed via on-chain governance. More information about governance can be found on Regen Network Guides: Governance.