Zero Carbon Project of a market aims to provide consumers access to zero carbon emission energy contracts in their jurisdiction and the ability to switch between providers of “zero carbon” energy Market. The market makes no representation or warranty as to the likelihood of completing it or as to the reasonability of any plans, future projections or prospects.
The zero carbon project tackles climate change using the blockchain and international carbon credits which is an improvement on the challenge the renewable energy concept intend to resolve in a very slow and minute rate impact. That is, the Zero Carbon Market can deliver a quicker reduction of carbon emissions with relative cost advantage compared to the choice of both renewable energy and fossil fuels by dispensing energy at a lower price than existing renewable and fossil fuel energy contracts. In this regard, subscribers are encouraged by the introduction of a blockchain-driven incentive scheme which rewards consumers for engaging with the Zero Carbon Project.
CHALLENDGE: Climate change is a global problem. The world’s governments have been working assiduously on regulatory solutions to this problem: the latest major milestone being the Paris Climate Agreement adopted in December 2015.
However, there is practical evidence indicating proof provides that temperatures continue to rise, weather systems are becoming more erratic, Arctic ice-caps continue to melt, atmospheric concentrations of carbon dioxide are rising and coal fire generators are still under construction. Just as Adrian E. Raftery et al.,rightly quotes ‘ it now seems unlikely that temperature increases will be contained below 2 degrees Celsius by 2100 but a more suitable planning benchmark may be a range of between 2 to 5 degrees Celsius’
“The likely range of global temperature increase is 2.0–4.9 degrees Celsius, with median 3.2 degrees Celsius and a 5% (1%) chance that it will be less than 2 degrees Celsius (1.5 °C).“ The Zero Carbon Project’s main concern about climate change are the risks of the artic permafrost melting and releasing greenhouse gases which potent devastating catastrophic effect.
For instance, until recently permafrost wasn’t a fundamental interest of climate scientists since it is actually a permanently frozen soil. But Arctic permafrost contains 1.8 trillion tons of carbon double the quantity currently suspended in the Earth’s atmosphere. Such carbon eventually evaporates as methane, which is about 86 times as powerful a greenhouse-gas warming blanket as carbon dioxide when it is eventually released.
Hence, The Zero Carbon Project innovative solution to be a part in partnership to tackle these challenges squarely. Of which up-to-date tremendous progress and innovation have been achieved so far.
TOKEN VALUE: The market reward is such that consumers who are initially from the crypto-community benefit from lower priced energy contracts when switching to a zero carbon energy contract and receive Energis token rewards for their contribution to tackling climate change, energy suppliers benefit by gaining new customers and the market receives Energis tokens as payment for using the platform . The Zero Carbon Markets aims to offer cost savings in attracting customers to switch to zero carbon energy, but possibly not large enough savings to attract their attention. Therefore, rewarding consumers with Energis tokens provides an extra incentive to make the switch. This has been done by requiring energy suppliers to pay transaction fees using Energis tokens each time a zero carbon energy contract is entered into, which creates an internal demand for Energis tokens. These Energis tokens are recycled back to consumers as rewards which Energis token owners then hold or sell them back to energy suppliers through a third party crypto-exchange. The consumer base increases in function of the demand for Energis tokens since more contracts will exist under which transaction fees will also be paid.
The amount of fees payable is dependent on the amount of energy consumed and is calculated as:
TF = AQ x R x G
where
TF = transaction fee payable in NRG
AQ = number of kWh consumed under the contract with the Zero Carbon energy provider per annum
R = USD0.01/kWh G = the applicable NRG:USD exchange rate.
Transaction fees are invoiced to customers on the last day of the second month following the contract start
date. For calculating the charge, AQ consumption is estimated using 5,500 kWh/year. The transaction fee is
then reconciled in twelve months time based on the actual AQ consumed.
Token Name: Energis
Ticker NRG
Project name Zero Carbon Project (“Project”)
The exchange rate, G, is calculated by reference to the USD
ETH exchange rate and the ETH
NRG exchange rate trading on the day prior to the invoice date. The USD:ETH rate will be based on the CoinDesk Price at 10am GMT. The ETH: NRG rate will be based on transactions across all known crypto-exchanges listing the
Energis token. The rate is then calculated by the Project using the volume weight. Transaction fees are used to cover payments for running the Project. The target is to recycle Energis tokens received by the Zero Carbon Project and make it available for consumers as rewards for engaging in the market
Roadmap:
TEAM:
DEREK MYERS, CEO
ALASTAIR HUTSON, EUROPE DIRECTOR AND MD OF BEOND
PHILIP LOUW, SOFTWARE MANAGER AND DEVELOPER
BOK KHOO, ETHEREUM SMART CONTRACT ADVISOR AND DEVELOPER
THOMAS SCHMITZ, ZERO CARBON MARKETS DIRECTOR
IAN WHITE, COMMERCIAL DIRECTOR
SARAH MYERS, HR DIRECTOR
ROB ANTULOV, FINANCE ADVISOR
Other social media channels:
Twitter: https://twitter.com/ZeroCarbonPrjct
Medium: https://medium.com/zero-carbon-project
Facebook: https://www.facebook.com/Zero-Carbon-Project-1994928630745331/
Instagram: https://www.instagram.com/zerocarbonproject/
YouTube: https://www.youtube.com/channel/UCILwm1XKqdCe507-x3cUArA
Subreddit: https://www.reddit.com/r/ZeroCarbonProject/
LinkedIn: https://www.linkedin.com/company/zerocarbonproject/
Telegram channel: https://t.me/ZeroCarbonAnnouncements
Author: Isoboye
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=1380535
Ether wallet: 0x26F6afA28DBB156497aD8c08949912040D87B00D