"Mitigation outcome interests let green bond carbon credits trade independently" >Blockchain, thanks to bitcoin’s proof of work consensus mechanism, does not have the best reputation for protecting the environment, but the Bank for International Settlements’ Innovation Hub is working on a new framework for green bonds that makes use of the technology.

"Nolens said: ‘Banks still find this concept very new. Pricing these requires banks to coordinate across teams — the carbon trading desk and the debt capital markets desk. We’re trying to get banks who care about this topic to work with us in an expert group to develop the instrument itself on paper.’"