Introduction / About Project
It is increasingly urgent to combat climate change. We at MOSS believe strongly that the main solution for climate change is to develop the carbon credit market. Carbon credits markets put a cost on GHG emission. The idea is to assign value to Greenhouse Gases (GHG) resulting from production processes - thus penalizing those who emit more Greenhouse Gases (GHG), rewarding those who emit less GHG and remunerating environmental and clean energy projects. If this value or cost of GHG emission is not considered into products’ values, they will have improper prices, away from an equilibrium with the environment and the planet’s scarce resources.
Therefore, we believe that setting a price in GHG emissions is a dynamic way of fixing market failures. It is from this concept that the carbon credit market and trading system emerged. Global warming is most probably humanity’s greatest challenge for the next 50 years. We are in an era when companies and people will become increasingly engaged in compensating their carbon footprints. The carbon credit market is straightforward and increasingly viable as the urgency of the problem grows in the collective consciousness, and elegant if executed as we imagine. Moreover, the solution promotes positive changes on several fronts, leading to a reduction of GHG emissions and deceleration of global warming, preserving forests and their biodiversity as well as local communities, and encouraging sustainable technologies in production processes.
MOSS is an environmental platform, a website that provides carbon credits transactions to individuals and companies of any size that want to offset their emissions. In the short time since our founding in 1Q 2020, we have established ourselves as the largest carbon platform and climate tech in the world. We have already transacted more than 900 thousand tons of CO2 (comparable market value in Europe of US$ 25 million) in just over 8 months. Currently, we are focused on simplifying and making it easy for clients to buy carbon credits from Amazon projects because we consider that, out of all carbon credit projects, Amazon forestry projects are the ones that have the greatest impact in social, environmental and economic terms. We believe that the ultimate objective of carbon credits is their retirement for the purposes of compensation.
Tokenization facilitates users’ ability to compensate for carbon emissions more easily and in a broader range of circumstances. Our tokenization of carbon credits via the issuance of MCO2 Tokens, which increases the security of carbon credit transactions and trackability by further programming into blockchain an asset that is already digital, improves the possibility of composability of carbon credits.
We believe that the MCO2 Token will enable others to innovate and create new applications for carbon credits. For example, since we have designed MCO2 Token structure to be as simple as possible, we believe that it has the potential to become a “primitive”, or “building block” in token parlance. The MCO2 Token will enable users to embed carbon offsetting in other tokens and smart contracts, to build applications allowing consumers and small businesses to offset their activities and purchases and to create new applications we have not yet imagined. The MCO2 Token does not bring innovation to markets or trading, but rather innovation in usability for offsetting.
The revolution that MOSS MCO2 Token brings is not a revolution in markets or market structure. It is a revolution of utility, programmability and composability.
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