FHLD's Wholly-Owned Subsidiary Carbon-Zero Provides insights into its Vision on the Rapidly Growing Voluntary Carbon Credit Market

Rhea-AI Summary

Freedom Holdings (FHLD) announced that its subsidiary, Carbon Zero Asset Management, aims to lead in the blockchain-driven voluntary carbon market. With only 12 billion tonnes of pollutants offset from a total of 55 billion tonnes, the demand for carbon credits is increasing as companies seek to reduce greenhouse gas emissions. McKinsey projects that the carbon market could grow significantly, potentially reaching a value exceeding $50 billion by 2030. Carbon-Zero plans to create a programmable carbon ecosystem for secure carbon credit transactions.

Positive

• Carbon-Zero's blockchain-driven approach addresses the fragmented carbon credit market.
• Projected exponential growth of the carbon credit market may open new revenue streams for FHLD.
• The focus on Environmental, Social, and Governance (ESG) standards aligns with growing corporate demands for sustainability.

Negative

• High competition in the carbon credit market with over 29 existing platforms.
• Dependence on the volatile demand for carbon credits may impact financial stability.

Stamford, CT, Dec. 31, 2021 (GLOBE NEWSWIRE) -- Freedom Holdings, Inc. ("FHLD" or the "Company," OTC: FHLD) wholly-owned subsidiary Carbon Zero Asset Management, Inc. ("Carbon-Zero") intends to become the leading blockchain-driven market participant to strengthen voluntary carbon markets.

The trading of and access to high-fidelity voluntary carbon credits can help companies of all sizes and the world to meet aspiring goals for reducing greenhouse gas emissions on a large scale. As previously announced, only 12 billion tonnes of pollutants were offset, out of 55 billion tonnes meeting approximately 22% of the demand. Of that 12 billion tonnes, the voluntary carbon credits contributed a fractional offset. Increasingly, many companies have promised to help stop climate change by reducing their own greenhouse-gas emissions as much as possible. As a result, such companies adopt Environmental, Social, and Corporate Governance (ESG) standards for operations. Often companies cannot eliminate the emissions or reduce the carbon footprint as quickly as required by their publicly announced commitment. It will be imperative to use carbon credits to offset emissions in such instances. The demand for carbon credits is bolstered for companies that aim to achieve net-zero emissions, which means removing as much greenhouse gas from the air as they put into it.

McKinsey & Company has estimated exponential growth in the demand for carbon credits. According to the January 2021 Report, the carbon credit market could increase by a factor of 15 or more by 2030 and up to 100 by 2050. The overall market for carbon credits is estimated to be worth north of $50 billion in 2030. The voluntary and compliance carbon credit market is fragmented and complex, with many trading platforms and exchanges. The Company estimates over twenty-nine (29) such platforms, such as EU Emissions Trading System (EU ETS), Western Climate Initiative, and Regional Greenhouse Gas Initiative, mainly focus on the compliance side of the carbon trading market. As a result, Carbon-Zero plans on building a programmable carbon ecosystem that will allow carbon credit market participants a tokenization process to digitize carbon credits securely. The blockchain ecosystem will include the minting and burning protocols, a transparent mechanism for validating and distributing carbon credit tokens, a trading venue for such tokens, and tools to engage all stakeholders, including the carbon credit originators, offsetters, project verifiers, liquidity providers, NGOs, concerned citizens, and governments.

About Carbon-Zero
Carbon-Zero is a blockchain technology-driven company focusing on providing an Ethereum-based programmable carbon ecosystem to drive the global economy to a net-zero carbon future. Carbon-Zero aims to bring carbon credits more fidelity, transparency, accessibility, liquidity, and standardization.

About Freedom Holdings, Inc. (FHLD)
FHLD is a versatile holding company focused on acquiring and supporting cutting-edge financial services and technology companies. FHLD's multi-discipline approach aims to build fintech platforms with the current focus on the clean energy sector, providing Environmental, Social, and Governance (ESG) driven technologies and carbon credit solutions.

Press Release Contact:
Brian Kistler
Director
Freedom Holdings, Inc.
Bkistler1956@gmail.com

Safe Harbor Statement
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of the Company, members of its management, and assumptions on which such statements are based. We caution prospective investors that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements.

FAQ

What is Freedom Holdings' strategy in the carbon credit market?

Freedom Holdings, through its subsidiary Carbon Zero Asset Management, aims to become a leader in the blockchain-driven voluntary carbon market, providing a secure and programmable ecosystem for carbon credits.

What is the projected growth of the carbon credit market according to McKinsey?

McKinsey estimates that the carbon credit market could expand by a factor of 15 or more by 2030 and potentially reach a value exceeding $50 billion.

What challenges does Carbon-Zero face in the carbon credit market?

Carbon-Zero faces challenges from high competition with over 29 existing trading platforms in the fragmented carbon credit market.

How does Freedom Holdings plan to support ESG initiatives?

Freedom Holdings focuses on acquiring and supporting financial services and technology companies that provide ESG-driven technologies and carbon credit solutions.

What are the key components of Carbon-Zero's planned ecosystem?

Carbon-Zero plans to build an ecosystem that includes tokenization of carbon credits, trading platforms, and tools for engaging various stakeholders in carbon credit transactions.