Carbon Offsetting Fund
Introduction to the Carbon Offsetting fund, its purpose, and governance process.
What is the Carbon Offsetting Fund?
The Carbon Offsetting Fund provides for making the infrastructure of the Celo platform carbon-negative, by making a transfer every epoch to an organization that commits to using those assets off-chain for carbon offsetting projects.
Through the on-chain governance process, CELO holders can set the fraction of the total desired epoch rewards, initially planned to be 0.1%, that is received by the carbon offsetting fund, and the address of a carbon offsetting partner to which to direct these transfers. The on-target amount is adjusted by the epoch rewards multiplier, as with all epoch rewards.