How does CO2IN reduce emissions?
1. The climate is changing rapidly because of massive greenhouse gas emissions
Use of fossil fuels, deforestation, and industrial livestock farming are the main causes for planetary warming and increase in weather anomalies with many communities already feeling its effects.
To prevent the most severe consequences of climate change, we must decarbonize our economies within the next several decades.
2. The EU uses an Emissions Trading System to takle the majority of its emissions
Under the ETS system, all major polluters must buy emissions allowances in proportion to the amount of greenhouse gasses they release in the air. One emission allowance corresponds to the ability to release one metric tonne of emissions into the air.
3. Reducing the number of available emission allowances
Each year, the EU releases a predetermined amount of emission allowances into circulation. The volume of allowances issued decreases each year and is expected to reach zero by 2050 achieving a gradual reduction in harmful emissions.
4. CO2IN accelerates our decarbonisation efforts
CO2IN creates certified voluntary carbon credits backed by the EU ETS emission allowances called CO2INs. This allows anyone to take emissions allowances out of circulation to accelerate the decarbonization of our industries to stay in line with Paris Agreement goals.
Buying 100 CO2INs will reduce the amount of greenhouse gases that would otherwise be released into the atmosphere by 1 tonne.
5. Funds from allowances fund decarbonization efforts
The money collected from emission allowances is used by the EU or member countries to finance further decarbonization efforst or to mitigate the social impact of the green energy transition.
Buying CO2INs thus not only directly reduces emissions, but also contributes to financing emission reduction projects in other areas.
6. CO2IN offers a rich ecosystem with many use cases
CO2IN has a range of uses beyond offsetting your carbon footprint as an individual or business. It can also be used as a form of payment via our partners and merchants, or given as a voucher to loved ones, employees, or new customers.
Why? We know it works
The emission allowance system is a time-tested system whose effectiveness in reducing emissions has been confirmed by a number of independent studies. However, the pace of emission reductions is not in line with the Paris Climate Agreement. We therefore offer CO2IN as an effective tool to promote functional solutions to reduce emissions.