A market-based system designed to reduce the GHG emissions by creating a financial incentive to do so.
Carbon Trading (Phase 3)
Carbon trading is a market-based system designed to reduce the greenhouse gas emissions that contribute to global warming, especially carbon dioxide, by creating a financial incentive to do so.
Enabling companies to create additional value and improve economics by selling their carbon credits or a cost-effective option for companies to offset their current GHG production by buying carbon credits.
1 C Coin™ = 1 tCO2e
Each C Coin™ would be backed by a secure, measurable, transparent, authenticated, traceable and auditable transaction along with the associated detailed carbon reduction project attributes
E3P is planning to develop a better Carbon Trading system for our clients.
Many existing Carbon Trading schemes have been fraught with problems such as over-allocation, windfall profits, double accounting, price volatility, market manipulation, fraud, high administration costs, insufficient enforcement and in general for failing to meet its goals. Recognizing these shortfalls, E3P is planning in the future to develop a better Carbon Trading system for our clients that would be fully automated, transparent, audit-able, accurate, verifiable, cost effective and trustworthy between Peers and potential vested third parties.
E3P’s Carbon Trading System would utilize E3P’s proprietary front-end remote meter reading and Blockchain technology plus a Carbon Trading platform backend to create, buy and sell E3P’s C Coin™ cryptocurrency.