The topic of eco-friendliness has received a lot of attention in the blockchain world, especially over the last year or so. However, the topic has been around for ages, ever since Bitcoin mining became so popular that massive amounts of energy became required, and its carbon footprint became more than just noticeable.
The world is naturally moving towards eco-friendliness, meaning green energy, ways of replacing fossil fuels, and alike. With blockchain being the cradle of innovation, decentralization, and generally better emerging technology, its reliance on energy that pollutes the environment is becoming less and less tolerable. Take Tesla as an example. Elon Musk’s electric car company is in the business of creating electric cars so that dependence on fossil fuel cars would be reduced. With that said, the company had no choice but to stop accepting Bitcoin payments due to Bitcoin mining not being eco-friendly.
There are many other firms who would potentially switch to crypto but are discouraged from doing so because of the same problem. This is why blockchains such as Avalanche, which went that extra mile to ensure their eco-friendliness are attracting more attention than ever. However, a project called Moss Carbon Credit emerged to tackle this issue and help its clients offset their own carbon footprint.
What Problems Does Moss Carbon Credit (MCO2) Solve?
Moss Carbon Credit has developed solutions that are meant to help protect our environment, and help others do the same, which include:
Reducing carbon footprint
For those who might not be aware, the carbon footprint is defined as the amount of carbon dioxide released into the atmosphere as a result of the activities of a particular individual, organization, or community. In other words, reducing the carbon footprint is beneficial for the preservation of the environment.
Moss Carbon Credit aims to promote this preservation through a market solution which includes the development of carbon credit market through its native MCO2 token, and its democratization. In order for this to happen, the project is purchasing carbon credits from high-quality environmental projects in the Amazon Rainforest. It only focuses on the projects that either avoid the CO2 releasing CO2 emissions to the atmosphere, or on those that capture the CO2 that they produce. After that, it allows companies and individuals to purchase these credits on its decentralized platform in a simple and transparent way that blockchain can provide.
Supporting local indigenous communities
The project’s main advantage is the fact that it supports local indigenous communities, with the goal of empowering them and improving their income by engaging in sustainable activities. The company was founded back in 2009, which is, coincidentally, the same year when Bitcoin was launched. Meanwhile, it emerged with the goal of reducing greenhouse gas emissions equaling 25,072,135 tCO2e over 37 years, starting in 2009 and setting 2046 as its deadline.
Serving individuals and businesses
The project’s efforts are not only meant to satisfy the eco-friendly needs of major companies. They certainly do serve businesses, but they also have a plan to include as many individuals as they can. It explains that our daily routine impacts the planet in a small measure, but since this same impact continues to grow on a daily basis, we do have a significant effect over our own lifetime.
Things like transportation, consumption, food, and energy we use for heating and other purposes all emit greenhouse gases, and those gases contribute to global warming. By engaging with the project, each individual can do their part to offset their own carbon footprint.
On the other hand, if you are a business owner, you need to be aware that sustainability and climate issues are not just some abstract concern that might matter in a few hundred years. It is happening right now, and we are already seeing its effects. Changing your business in a way that will make it eco-friendly is challenging and difficult, but it will serve a purpose. In fact, not only will you actually contribute to preserving the environment, but you might attract new clients, and keep the old ones. Awareness regarding global warming is becoming greater and greater, especially as its impact becomes stronger and stronger.
Preserving forests and biodiversity
Moss also aims to preserve the existing environment, particularly when it comes to native forests and their biodiversity, as clearing out the forests for land is destroying entire species, plus it reduces the planet’s own efforts to produce oxygen and remove CO2.
Benefits of Moss Carbon Credit (MCO2)
Provided that you decide to join the project and help its efforts in pushing the world in a more eco-friendly way, here is what you can hope to gain in terms of benefits:
Easily calculate your emissions
The project helps you calculate your emissions with a very simple-to-use calculator. All it takes is for you to answer a few short questions regarding your lifestyle or business, and the calculator will show you how much do you actually contribute to polluting the planet, and what you need to do to offset your own carbon footprint.
Amazon Forest NFT
Another major thing worth noting is that the project created the Amazon Forest NFTs by tokenizing governance and economic rights to small forest areas, and turning them into non-fungible tokens. In other words, you can now purchase your own piece of land in the Amazon by buying these NFTs and protect that portion of the rainforest, effectively taking it away from corporations that would clear it out. And, as long as you hold that NFT, you have a way to prove your ownership of the land.
Bottom Line
How Does Moss Carbon Credit (MCO2) Work?
Moss Carbon Credit is an eco-friendly crypto project launched by the MOSS company, which has been around since 2009. The project’s goal is to help protect the environment and help others in their own efforts to do the same by letting them purchase carbon credits, which it purchased from high-quality environmental projects that are making an effort to protect the Amazon Forest.
The credits are certified by global institutions, including VCS Standard, CCB Standards, Social Carbon, and more, which grants them credibility and guarantees that the emissions equal to one carbon ton were prevented from being released in the atmosphere in a one-year period.
All credits are encrypted and blockchain-based, which ensures their transparency and legitimacy. You can use these credits to neutralize your own carbon footprint or that of your company.
