Fantastic at last I understand Carbon Credits, and Carbon Trading.
It's all about trying to reduce your own personal carbon footprint, and to protect the world for future generations.
Now there is an incentive scheme being launched by a Canadian Company to reward you for making a choice to reduce your carbon foot print.
It is said that the average American creates around 20 tons of Carbon Dioxide every year, this equates to around $400 at today's carbon prices at the Western Climate Initiative.
A new token called CxT can help reduce carbon emissions around the world with a simple incentive scheme. It would also improve the local economy.
So How Will It Work ?
You walk into a local store, and you fancy prawns for your dinner, you have quite a choice of different varieties from around the world. You get the personal choice down to a selection of two packs of prawns. One pack are from the local fisheries and the other pack are from 3,000 miles away.
You decide to go for the local prawns, at the checkout you hand over your CarbonX loyalty card and are rewarded in CarbonX Tokens for choosing the prawns from a few miles away instead of the prawns from thousands of miles away.
Hey now we feel happy we are saving the planet, the local fisherman is also happy his hard work is being rewarded with another sale.
The tokens are generated by the CarbonX company buying carbon offsets from a UN backed system call REDD+. The scheme is run to certify greenhouse gas reductions from forestry and eco-systems.
The tokens are then sold to Manufactures, Wholesalers, Local Communities, and Retailers to incentivze consumers to choose local or eco products thus reducing their carbon footprint.
The tokens will have value to them, so it's a great way to get introduced to the blockchain.
Another example is if you go to buy a new car, and decide to go for a more fuel efficient model you could receive tokens for making the wise decision.
Who Is Running CarbonX ?
Don and Bill Tapscott two brothers from Canada along with Don's Son Alex, and Jane Ricciardelli and trusted loyalty scheme veteran developed this idea.
Checkout their Website https://www.carbonx.ca/
The energy sector is ripe with opporunities. Is this an ICO? Keep us updated on this!
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Its the blockchain being used for good, check their website https://www.carbonx.ca/
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