PlanetWatch, a company that provides indoor and outdoor air quality monitoring networks, has entered a partnership with ClimateTrade.
ClimateTrade and PlanetWatch partnership
Sustainability has become a leading area of focus among investors. It is an important pillar of the Environmental, Social, and Governance (ESG) field that has received trillions of investments.
PlanetWatch is a decentralized indoor and outdoor air quality monitoring company. It is a spin-off of the European Organization for Nuclear Research (CERN). The company has more than 20,000 air sensors spread around the world. This data is then transcribed onto the Algorand blockchain, which then creates an immutable air quality repository. It went public on the Algorand blockchain in 2020.
On the other hand, ClimateTrade is a company that helps companies achieve their carbon neutrality. This is a major industry that has become popular as more companies aim to boost their environmental credentials. It does this by allowing them to invest capital in proven and reviewed climate projects.
The partnership between ClimateTrade and PlanetWatch wil see the latter offer its user community the possibility to convert their PLANETs tokens into carbon credits. In a statement, Claudio Parrinello of PlanetWatch said:
“We are delighted to announce our partnership with ClimateTrade, and are looking forward to a mutually beneficial relationship that will enhance the impact of both companies in their efforts to create a more sustainable environment.
The PLANETS token has enjoyed a spectacular performance in the past few months. Its price has risen from about $0.10 in June this year to the current $0.4. Still, its current market cap is marked as a question mark by CoinGecko.
