Initiative
Facilitating ACR Projects
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
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 GREENLABS?
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Allows individuals to take the lead in decarbonizing efforts, contributing to Positive Climate Capitalism
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REWARD BEHAVIOUR – First platform in the VCM space to provide fractionalized rewards for low carbon actions for individuals
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RADE CARBON – DeFi landscape enables to trade your cryptoasset in a much more liquid environment for spot trading as opposed to VCM!
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OFFSET CARBON – Offset footprints via burn mechanism in order to obtain carbon offset certificates against the token!
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
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Carbon Credit Regulation
GreenLabs taps into speculative DeFi markets to channel liquidity into Climate Capitalism
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Carbon Capture Standardization
Robust verification framework at GreenLabs for onboarding carbon capture. Current VCM only facilitate solutions for offsetting
Why GreenLabs
GreenLabs' GreenCoin initiative aspires to be a pioneer of the industry by prioritizing 'Active Carbon Removal', addressing issues of
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Market Liquidity
GreenLabs offers a solution to diversify portfolios holding carbon as an alternative asset class
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Price Volatility
GreenLabs offers an opportunity for both the SME and retail investor to act as positive climate actors
Initiative
Earn to X Gamification Scheme
GreenCoin initiative allows for the user to register a single/ multitude of low carbon consumption behavioural patterns and data on the platform. We convert the behavioural data points into GreenCoin.
The individual low carbon consumption behaviour is captured by the Hardware and software solutions provided by GreenCoin:
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Hardware – Mobile phone + App
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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 behavioural patterns. We are here to serve the Eco-Warriors!
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Petrol Conversion to EV
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Cycling
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Switching to Public Transportation
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Advanced recycling & waste management
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