What is the Carbon Offsetting Fund?
The Carbon Offsetting Fund represents Celo’s commitment to environmental sustainability by making the platform’s infrastructure carbon-negative. The fund automatically transfers resources every epoch to partner organizations that use these assets for verified carbon offsetting projects.How the Carbon Offsetting Fund Receives Assets
- Epoch rewards: the Carbon Offsetting Fund receives 0.1% of epoch rewards, adjustable via governance and distributed automatically at each epoch.
- Transaction fees: the Carbon Offsetting Fund receives 10% of transaction fees, adjustable via governance.