The Carbon Credit Market Is Booming

The carbon credit market is booming as nations around the world step up their efforts to slow the pace of global climate change. According to a Reuters article citing analysts at Refinitiv, the value of traded carbon credits grew a whopping 164% in 2022 to a total trading volume of $851 billion.

Meanwhile, according to analysis from Coherent Market Insights, the market cap of the global carbon credit market was around $211.5 billion in 2019 and is expected to grow to over $2.4 trillion by 2027.

Carbon credits allow polluters to offset their CO2 emissions by essentially funding carbon-negative projects via investments in carbon credits. While it is consensus in the scientific community that big efforts need to be made in order to bring down global CO2 emissions in order to avert the impact of climate change, the carbon credit market, for now, remains dominated by big players, and remains largely inaccessible to individuals.

Big manufacturing/industrial sector players get to buy credits on mass. Big sellers, like electric vehicle (EV) maker Tesla, get to sell credits on mass. Up until now, technology hasn’t been there to democratize access to this rapidly growing market.

C Charge is Democratizing Access

Blockchain technology is changing that, and a new crypto start-up called C+Charge is looking to massively disrupt the electric vehicle (EV) industry by offering EV drivers a way to earn carbon credits when they charge their vehicles for the first time.

C+Charge hopes that by democratizing access to carbon credits for EV drivers, they might encourage/accelerate the transition to EVs from traditional fossil fuel-guzzling cars. Not only would this be a positive in the fight against climate change, but also in the fight against urban pollution, which causes thousands of premature deaths every year.

How C Charge Works

C+Charge is developing a peer-to-peer blockchain-based payment system designed to open up the carbon credit reward market to the drivers of EVs, like Tesla. C+Charge’s aims go way beyond purely democratizing access to carbon credit rewards. The company hopes its revolutionary platform can attract a wave of new EV buyers, attracted by the prospect of being financially rewarded for lowering their carbon footprint with an EV.

EV drivers will use the C+Charge application to pay to charge their vehicles. They will pay using C+Charge’s native cryptocurrency CCHG and will be rewarded with carbon credits in the form of Goodness Native Tokens (GNT), which will be stored in their account on the C+Charge app. GNT token represents a verified voluntary carbon credit and is backed by venture capital firms a16z Crypto and Samsung Next as well as fund manager Invesco.

The more EV owners charge and drive and the more CCHG they spend, the more GNT they will earn. CCHG also have an opportunity to earn carbon credits passively. There is a 1% tax on all transactions that C+Charge uses to purchase GNT carbon credits and then distribute them proportionately amongst CCHG token holders.

As well as acting as a payments platform for EV charging and a carbon credit tracker, C+Charge’s application will also help users easily geolocate nearby charging stations and will offer useful information such as real-time charger wait times and charging station technical diagnosis.

How to Invest – Buy CCHG in Presale Now

To fund its development, C+Charge just opened the pre-sale of the CCHG token that will power its payments platform. 40% of the token’s maximum supply of 1 billion will be made available to the public over the next few weeks. At present, tokens are currently on offer for $0.013 each, but will rise to $0.02350 over the course of four different presale stages.

That means, by the end of the presale, early investors will have already bagged an 80% on-paper gain on their investment. The project has already raised an impressive nearly $65k in just a few weeks since the pre-sale launch.

Given the high levels of interest in green projects, as epitomized by the recent success of the presale and ICO, investors should move quickly to scoop up these tokens at a discount if interested.

Buy CCHG here

Investors should also be aware that C+Charge is conducting a $50,000 giveaway. Investors must hold at least $100 of CCHG on the day of the draw to be eligible to win the prize.

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