ABOUT Carbon2o2 is a project founded in 2021 in Naples, Florida. The Company seeks to take its carbon credits and retail them in the form of an ERC20 (Ethereum-based) token. The CARBON202 Token (C202) leverages the trust and immutability of Blockchain Technology to offer a public ledger for certified Carbon Offsets. CARBON202's goal is to create a new way for anyone in the world to pay to remove excess carbon dioxide from the atmosphere. We connect buyers and suppliers in a carbon removal marketplace with a mission to reverse climate change. CARBON202 invests and invites new technologies that revolutionize the deployment, capture, abatement, and sequestration of greenhouse gases and Co2. The company concentrates its efforts to assist the sectors of agriculture, energy, transportation, and EV to reduce the world's C02 footprint.
ABSTRACT The present invention is directed to a distributed ledger-based platform for buying and selling carbon tokens. The carbon tokens each represent 1 ton of carbon emissions and are able to be traded in real-time. In one embodiment, generating, trading, and/or burning each carbon token produces at least one non-fungible token (NFT) concerning the carbon token, wherein the NFT includes a carbon credit issuance serial number, a name of the associated project, a location (e.g., geospatial coordinates) of the project, a project start date, a project end date, a project duration, a company associated with the project, at least one image of the project, and/or an expiration date for the carbon credit.
Carbon2o2 Founder project.
29 million orphaned wells around the world produce 250 to 450 million metric tons of Co2 a year.
The GWP of methane in the atmosphere is about 28 times CO2 over a 100-year period – but it only lasts for a few years. In addition to being a powerful greenhouse gas, methane has a potential global warming rate of 28-34 times that of carbon dioxide over a 100-year period.
Carbon2o2 will be using a new advanced technology for plugging oil and gas wells, that cuts the time of plugging by 75% and reduces the carbon footprint by 90%.
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