Nutrient Credit FAQ's
What are Nutrient Credits?
Nutrient Credits are tradeable units that represent the reduction or removal of pollutants, such as nitrogen or phosphorus, from water ecosystems. They are used to offset pollution and support sustainable water quality improvement.
How does Verity One certify Nutrient Credits?
Verity One uses scientifically validated tools, like NOAA’s Aquaculture Nutrient Removal Calculator, to verify the amount of pollutants removed through oyster farming or other remediation methods. Each credit is certified using blockchain technology for transparency and traceability.
Why use blockchain for Nutrient Credits?
Blockchain ensures that each Nutrient Credit is unique, traceable, and cannot be duplicated. This provides stakeholders with confidence in the authenticity and environmental impact of their credits.
Who can purchase Nutrient Credits?
Businesses, municipalities, and organizations looking to offset their environmental impact or comply with ESG (Environmental, Social, and Governance) standards can purchase Nutrient Credits.
What is the role of oysters in Nutrient Credits?
Oysters naturally filter water and remove excess nutrients like nitrogen and phosphorus. Verity One quantifies this environmental benefit using NOAA’s tools to create certified Nutrient Credits.
How does Verity One ensure transparency?
Verity One operates as an independent third-party verifier and certifier. All data is validated using publicly available tools and recorded on a blockchain, ensuring full transparency and accountability.
Can Nutrient Credits be traded globally?
Yes, Verity One’s Nutrient Credits are designed to be scalable and applicable worldwide, supporting global efforts to restore water ecosystems and meet sustainability goals.
How do Nutrient Credits support sustainability?
By incentivizing practices like oyster farming, Nutrient Credits promote cleaner water, healthier ecosystems, and sustainable economic opportunities for communities.
What is the Aquaculture Nutrient Removal Calculator?
Developed by NOAA, this tool quantifies the amount of nitrogen and other pollutants removed by oyster farming. Verity One uses it to provide scientifically credible data for Nutrient Credit certification.
How can I get involved with Verity One’s Nutrient Credit program?
Visit verity.one to learn more about purchasing credits, partnering with Verity One, or supporting sustainable water remediation initiatives.