Introduction: Redefining Climate Action

As the urgency of addressing climate change intensifies, Alethia emerges as a catalyst for change in the carbon offset market. Traditionally plagued by opacity and lack of standardization, Alethia sets out to revolutionize this space by offering a transparent, verifiable, and scientifically rigorous platform for carbon inset and offset projects. This introduction sets the stage for an exploration of Alethia's vision, principles, and innovations. In addition, it emphasizes the pressing need for immediate action to limit global temperature rise and how Alethia aligns with global efforts to combat climate change.

To limit global temperature rise to 1.5°C per the Paris Agreement, GHG emissions must halve by 2030 and reach net zero by 2050. This requires significant CO2 and CH4 emission reductions, with carbon capture and storage (CCS) becoming increasingly vital due to slow progress in technical solutions. Nature-based carbon capture initiatives, especially in terrestrial ecosystems like forests, grasslands, and agriculture, are gaining prominence for their ability to absorb CO2. However, achieving net zero emissions requires urgent action, as large-scale carbon capture and storage deployment will take time. Carbon markets are pivotal in achieving Paris Agreement targets, but their effectiveness hinges on adequate carbon pricing. Compliance Carbon Markets (CCMs) and Voluntary Carbon Markets (VCMs) play complementary roles, with VCMs witnessing significant growth despite varying credit prices. VCMs, driven by a surge in demand and nature-based offset projects, are projected to reach a market size of USD 100 billion by 2030, and USD 250 billion by 2050. Legislative measures, like Europe's deforestation law, are further propelling interest in carbon markets and nature-based solutions.