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

2019

Research and concept development
Preparation of Project Idea Note (PIN) for Verra

2019 – 2020 Q1

Pressure testing and methodology development potential assessment by SEA

2020 Q2

Develop carbon methodology concept note (CMN)

2020 Q3

Review by Verra

2020 Q4

CMN acceptance by Verra

2021 Q4 – 2023 Q1

Review by Verra and certifier
Develop project design document (PDD)

2023 Q1 – 2023 Q2

Audit of PDD
Certification completed

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.

CARI:
The world’s first carbon credit
generating blockchain

Carbon Reduction Initiative (CRI) is implementing a low-energy, decentralised masternode blockchain that will generate carbon credits certified by a third-party issuing body.

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

Establish and register the Carbon
Reduction Initiative (CRI) company

Develop the business plan

Craft the brand identity

Create the website

Raise funds for methodology completion

Develop the masternode cryptocurrency with decentralized governance features, conforming to the methodology specs

Long Term Roadmap

2020 Q2 – 2023 Q1

Complete certification process

2023 Q1 – 2024 Q1

Marketing and incentivisation to drive adoption

2023 Q1

Crypto wallet application for mobiles

2022 Q4 – 2023 Q4

Develop a tokenized carbon credit trading platform
Develop other cryptocurrency related carbon mitigation strategies

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.

Introducing Carbon Bonds

Two formats:

  • Carbon Bond NFTs: Each represent 1 future carbon credit from a specific project, issued at a discount to create a yield over a set life, redeemed after the carbon credit linked to the NFT generated.
  • Carbon Bond Tokens: Perpetual tokens generated based on a pool of Carbon Bond NFTs. Can be “unwrapped” into constituent NFTs or NFTs can be “wrapped” into the pool to generate new tokens.

Why future carbon credits?

Funds new projects

Existing tokenization schemes do nothing to help scale CC generation and directly mitigate climate change. Initial revenue from CCs can take years.

Supercharges existing projects

Existing CC projects face a long lead-time (often over a year) from credit generation to realizing revenue. Generating revenue more quickly, on competitive terms helps mitigation efforts go further faster.

Attractive to traders and investors

Issued at a discount, so delivers a yield curve that interacts with fluctuations in CC and token price to provide interesting dynamics. Can be held to maturity and converted to CC for investors.

Advantages for buyers mitigating carbon footprint

Price transparency

Existing market is fragmented and opaque with inefficiencies in discovery leading to significant value captured by intermediaries.

Ratings agency

No credible ratings agency for CCs. As we perform risk assessments and monitoring on projects we will be best placed to provide this service.

Full traceability

Issuance and retirement recorded on the blockchain with unique 1 to 1 NFTs for specific projects.

CRI Business Model

  • Projects onboarded through dedicated team and issue Carbon Bond NFTs.
  • CRI receives 20% of NFTs issued:
    •5% for partners
    •15% for CRI
    Current competitors take approx. 50%.
  • Assessment of credits issued through internal ratings agency, no fee initially.
  • Purchase NFTs or wrapped Carbon Bond tokens on our exchange. Large corporates have a dedicated expert to help them. 1% fee for trades.
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