CARBON2O2
THE CARBON CREDIT TOKEN
Blockchain-Based Carbon Offset Verification and Retirement Platform
Carbon2O2 develops and deploys technologies that facilitate the deployment, sequestering or abatement of greenhouse gases and Co2. The company concentrates its efforts to assist the oil and gas sectors to reduce the industry's CO2 footprint. additionally, Carbon2O2 marketplace facilitates funding for abandoned oil and gas well plugging projects worldwide.
The partnership offers a digital solution that combines biogas (RINs - Renewable Identification Numbers or LCFS - Low Carbon Standards) with a carbon credit D-MRV to create verified carbon credits. These verified carbon offsets can be retired by companies and individuals seeking to reduce their carbon footprint delivering verified accuracy, additionality, permanence, and transparency to the voluntary carbon market using ISO 14064-2 and Verra VCS methodologies. Carbon2o2 offers real carbon credit and RNG certification for biogas/RNG projects.
Millions of abandoned oil and gas wells worldwide emit methane and other greenhouse gases equivalent to hundreds of millions of metric tons of CO₂-equivalent annually.
[Source: Princeton University PNAS 2014, McGill University ES&T 2021].
Methane (CH ₄ ) is a potent greenhouse gas with a 100-year Global Warming
Potential (GWP) of 29.8 times that of carbon dioxide for fossil sources.
Over a 20-year period, methane's warming impact is 84-86 times greater than
CO ₂ . While methane has a shorter atmospheric lifetime (~12 years) compared
to CO ₂ , its near-term climate impact makes methane mitigation critical for
slowing global warming.
[Source: IPCC AR6 Working Group I, 2021]
Carbon2O2 partners with advanced well-plugging technology providers to accelerate methane mitigation projects.
Cutting methane emissions is the fastest opportunity we must immediately
slow the rate of global warming, even as we decarbonize our energy systems.
It’s an opportunity we can’t afford to miss.
