What problem does the Green House Gas Token solve?
Although companies would like to offer their customers a way to compensate for the GHG emission for the production of goods, it is complex to set up a GHG compensation scheme.
Currently, if a company wants to offset its greenhouse gas footprint, it must buy GHG certificates. The Green House Gas Utility token uses blockchain technology to fractionalize these certificates. Fractionalizing enables companies and their clients to participate in CO2 reduction schemes and compensate for their carbon footprint.
The Green House Gas Utility token enables companies to offset greenhouse pollution more accurately, opening up the opportunity for SMBs to participate in combating climate change. Because the greenhouse gas offset compensation plan is easily scalable, it is also a viable option for larger companies and institutions.
The Green House Gas Utility token enables companies and customers to offset GHG emissions. Furthermore, showing the impact on product or service level will make the customer aware of the impact and can choose a product with lower greenhouse emissions.