LivingOffset Harnesses Consumers’ Willingness to Contribute to Climate Change.
How does LivingOffset work?
#Livingoffset tackles the problem of rising emissions in the real world. Our DApp (already built out) allows people to reduce the carbon footprint caused by their busy lifestyles, by enabling them to offset their daily activities and purchases.
Why Consumers Trust LivingOffset?
What makes #LivingOffset different, is that our DApp lists the carbon footprint of all your consumables so that you can offset the carbon impact of the product / service against audited carbon reduction projects from participants in either your own locality or the developing world. Furthermore, the data for the carbon cost of every activity is completely trustworthy, provided by LCA specialists Orbas, who are based in University College Dublin. Finally, to ensure complete transparent and immutability, all transactions are stored on the Blockchain.
So with #LivingOffset, we enable all stakeholders (individuals and businesses alike) to plug into our framework and reduce emissions from the Non-ETS sectors (agriculture, transport & buildings, forestry & peatland restoration) of our economies.
We have also developed a standard to issued carbon credits according to Internationally recognised standards, ISO 14064.
Why will People Participate?
Firstly, despite the consumers’ desire to contribute to the fight against climate change, the reality is that the climate change agenda is stagnating. For sometime now, governments have been working on top down measures such as power purchase agreements containing subsidies for renewable deployment, however the scale of adoption is frighteningly low.
Secondly, until now, there has been no climate action instrument for multi-point, emission sources, e.g. cars, space heating. #LivingOffset means end-users can become GHG reduction project owners. With our DApp, they can register their reduction projects and in return they receive a revenue stream that their friends can offset against.
Finally, the implementation of GHG reduction projects offers up co-benefits that allow us to work as a collective towards lower fuel bills, cleaner air, habitat creation, lower climate action sanctions (runs into billions), more benevolent society & biodiversity protection. Countless studies show that people are willing to contribute financially, including the November 2016 survey by The Yale Program on Climate Change Communication that proved Americans are willing to spend up to $177 a year to combat climate change. #LivingOffset harnesses that.
Find out more and get involved in #LivingOffset. We are currently open for private sale at www.livingoffset.io.