In 2020 a team of energy traders had a vision on how to not only assist with the world need for renewable energy but also bridge the gap in demand for carbon off setting by creating the worlds first carbon credit backed cryptocurrency.
The Carbon Coin was established to assist the world in becoming carbon neutral and digitise the asset of carbon credits. Every token holder will receive an off setting certificate and we will ensure that all the projects are fully certified.
The Carbon Coin will also track the Carbon Futures market recently launched in the UK. The Carbon Coin is also planning to not only offset emissions directly via carbon credits but also invest in renewable energy projects such as solar farms.
The Carbon Coin's Value will be backed by three Carbon off setting tools
A carbon credit is a permit that allows the company that holds it to emit a certain amount of carbon dioxide or other greenhouse gases. One credit permits the emission of a mass equal to one ton of carbon dioxide.
The EUA Futures Contract is a deliverable contract where each Clearing Member with a position open at cessation of trading for a contract month is obliged to make or take delivery of Carbon Emission Allowances to or from the Union registry in accordance with the ICE Futures Europe regulations.
A renewable energy source means energy that is sustainable - something that cant run out, or is endless, like the sun. When you hear the term alternative energy its usually referring to renewable energy sources too. It means sources of energy that are alternative to the most commonly used non-sustainable sources - like coal.
The Carbon Coin was built with the best ethical intentions and so the partner selection process was no different. TCC has chosen the most innovative and forward thinking technology partners to develop and manage the digital currency. The Carbon Offsetting partners are also the lead's in their field and have the green ethos at heart.