Source: Sustainable Business CouncilThe Sustainable Business Council (SBC) and 123Carbon, a Netherlands based platform specialising in decarbonising hard-to-abate industries, are launching a blockchain-based registry to support the introduction of the Low Emission Freight Certificate (LEFC) programme in New Zealand. The LEFC programme is a market-based mechanism designed to accelerate decarbonisation of New Zealand’s road transportation sector by facilitating investments in lower-emissions freight vehicles and supporting infrastructure. SBC’s CEO Mike Burrell says, “The freight sector is one of the most important and challenging areas of New Zealand’s decarbonisation journey. With their local knowledge and network and our advanced platform, we can support the road freight sector in accelerating and achieving their sustainability goals.” Though the initial focus will be on the New Zealand road freight market, there is potential to expand into other modalities (Air/Sea/Rail) and other regional geographies such as Australia.