Carbon Reduction Initiative (CRI) is working on several use cases to reduce the digital footprint and make related processes more efficient. Choose one for more details:
Carbon Bonds:
The world’s first solution to bring institutional-grade carbon assets on chain
Carbon Bonds create an ecosystem to fund
the projects trying to save the planet.
CRI’s purpose is to mitigate climate change through the innovative use of crypto-currencies in carbon markets.
Carbon bonds in 3 minutes
Voluntary Carbon Credits
Carbon credits are produced by climate change mitigation projects across the globe. They are certified according to the rules (called methodologies) created by certification bodies. Verra (based in Washington, D.C.) is the largest carbon credit certifier.
Once certified credits have been produced, they are independently verified and then sold. Often, carbon credits are purchased by intermediaries for resale to large corporates. In 2021, over $1bn worth of voluntary carbon credits were sold.
Carbon Credit Market
We need more new and expanded projects to meet demand.
Tokenisation
Tokenising existing carbon credits (CCs) leads to:
- price transparency
- facilitating trading
But it is against CC certification body terms of service.
Tokenising CCs alone does nothing to fund new carbon reduction projects.
It does nothing to help existing projects cross the funding chasm which can be years from inception to revenue.
We have the solution.
Carbon Bonds will be the first solution to bring institutional-grade carbon assets on chain as a multi-functional crypto primitive while complying with Verra’s terms of service.
The Roadmap
Be part of the adventure
Owning an econode means a significant additional revenue stream from carbon credits generated on our network. Secondary passive income from blockchain generated carbon credits is a first in the world of cryptocurrencies.
Carbon credit generating blockchain in 2 minutes
Solving Bitcoin’s energy problem
The Bitcoin network uses more electricity than about 160 individual countries. A single Bitcoin transaction uses more electricity than an average British household in two months. If nothing is done, its detrimental impact on the climate will continue to increase. In order to have a significantly beneficial environmental impact, a paradigm shift to less carbon-intensive cryptocurrencies must occur. We aim to embody this change. Each time a transaction will occur on our network in lieu of Bitcoin, carbon credits will be generated.
The Bitcoin network performs around 100 billion billion computations per second. Specialized hardware is needed to stay competitive, and its short lifespan before obsolescence makes the Bitcoin mining activity a huge electronic waste generator. E-waste footprint of a single Bitcoin transaction is equivalent to that of 20,000 VISA transactions. Our network doesn’t need specialized hardware, and simple servers using low resources make its e-waste footprint insignificant in comparison.
Solving Bitcoin’s e-waste problem
World-class project
Cryptocurrency development
Our team includes a world-renowned expert in the development of masternode cryptocurrencies.
Carbon credit methodology
Our methodology is being developed by Strategic Environmental Associates, a world-renowned expert in this very specialized field.
Certification
Verra has been engaged in preliminary discussions with us about its world leading voluntary program for the certification of our GHG emission reduction project.
It’s not just about electricity and CO2.
It’s about people too.
We want to have a positive impact on society. To achieve this, we commit to adopting management best practices and distributing 20% of our revenue from carbon credit sales to achieve our philanthropic objectives: a better environment and a better society.
Short Term Roadmap
Long Term Roadmap
2023 Q1
Crypto wallet application for mobiles
Be part of the adventure
Owning an econode means a significant additional revenue stream from carbon credits generated on our network. Secondary passive income from blockchain generated carbon credits is a first in the world of cryptocurrencies.
EnviroFacts:
highlighting challenges facing cryptocurrency
With the environmental challenges ahead, it’s more important than ever to have a clear and accurate view of energy consumption internationally and by industry. CRI is dedicated to thoroughly analyzing the fundamental characteristics of the cryptocurrency field in order to propose efficient and sustainable solutions for the future.
CRI EnviroFacts is an environmental data provider service managed by Carbon Reduction Initiative Ltd (CRI).
This environmental data service thus aims to highlight the magnitude of the challenges facing cryptocurrency.