Initiative
Facilitating Carbon Registry
and retail investors to connect via GreenCoin
The ‘2050 carbon neutral pledge’ aims to reduce emissions by 45% by 2030 and reach net zero by 2050
This entails a commitment to restricting greenhouse gas emissions by human activity to a level; that trees, soil, and oceans can naturally absorb
In order to attain this aim - greenhouse gas emissions must be completely eliminated worldwide within the next 50 years according to scientists
WHY GREENLABS?
Allows individuals to take the lead in decarbonizing efforts, contributing to Positive Climate Capitalism
REWARD BEHAVIOUR – First platform in the VCM space to provide fractionalized rewards for low carbon actions for individuals
TRADE CARBON – DeFi landscape enables to trade your cryptoasset in a much more liquid environment for spot trading as opposed to VCM!
OFFSET CARBON – Offset footprints via burn mechanism in order to obtain carbon offset certificates against the token!
GreenLabs’ GreenCoin initiative aspires to be a pioneer of the industry by:
Instilling low-carbon behaviour to beat climate change
Initiating individuals in charge of their decarbonising journey
Offering retail carbon offsetting options
Providing Accessibility and opportunity to participate in the Carbon economy
Contemporary ESG initiatives to fight carbon emissions
Kyoto Protocol carbon credit plan for emission reduction
Sale of excess hydrocarbon credits between nations
Certified Emission Reduction Credits (CERCs) awarded for sustainable development to developing nations
Paris Agreement goals
Global emissions to be reduced by 15 billion tons per year
$100 trillion Planetary Plan created, requiring $3.5 trillion annual investment
25 operational ETSs as of 2022 covered 17% of global GHG emissions and implemented in 55% of global GDPA jurisdictions
Why should we go beyond ETS directives and contemporary Net Zero initiatives for carbon emissions?
The concentration of carbon dioxide in Earth’s atmosphere is currently (2019) at nearly 412 parts per million (ppm) and rising. This represents a 47% increase since the beginning of the Industrial Age, when the concentration was near 280 ppm, and an 11% increase since 2000, when it was near 370 ppm.”
- NASA
Why is the voluntary Carbon Market Lucrative?
McKinsey estimates that annual global demand for carbon credits in the voluntary market could reach up to 1.5 to 2.0 gigatons of carbon dioxide (GtCO2) by 2030 and up to 7 to 13 GtCO2 by 2050.
The voluntary carbon market was valued at $2 billion in 2021. McKinsey & Company projects demand in the voluntary carbon market reaching 13 billion tons by 2050, up from 100 million in 2020.
The metrics set to fairly assess and hold emitters accountable in achieving said targets are vaguely described. International standards mandated by governments vary from country to country.
- McKinsey & Company
Play to X Gamification
GreenCoin Play to X Gamification
GreenCoin initiative allows for the user to register asingle/multitude of low carbon behaviour and dataon our platform. We convert the behavioral datapoints into GreenCoin.
The individual low carbon behaviour is captured bythe software solution provided by GreenLabs
Hardware – Mobile + App (GreenLabs)
Software – Bespoke blockchain solution to record low carbon behaviour on-chain provided by the GreenCoin Initiative
Each tranche would be designated their own metric in earning GreenCoin Rewards for their low carbon pattern. We are here to serve the Eco-Warriors!
Mobility
Cycling
Electric ride sharing
Energy Use
Using Solar Power
Heat Pump Installation
Use of EV vehicle
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