The carbon-offset industry, which has exceeded $270 billion annually, is increasingly coming under scrutiny due to the perception that a lot of it leads to greenwashing, and that many offsets are generated and retired with insufficient transparency. Dozens, if not hundreds, of ReFi projects have been born in the past few years designed to leverage crypto rails to solve the coordination and transparency problems among the different stakeholders such as project developers, investors and demand partners such as corporations, governments and end users of voluntary offsets.
