Project description
A dedicated currency linked to carbon
Carbon has become a commodity – or ‘hot potato’ – with exchanges set up to help homeowners, landowners and business owners sell carbon offsets or credits or buy them to offset their own use to achieve carbon neutrality. For example, a homeowner planting trees could sell carbon credits to companies wanting to reduce emissions. The French SME 450 has developed a ‘carbon central bank’ concept to motivate households and businesses to reduce their CO2 emissions. Users create an account and start accumulating or spending euro-greens, the carbon-free currency. The CO2 emission coin will also be registered on blockchain platforms. The EU-funded PCCE project is helping the team finalise the application and prepare a path to market.
Objective
450 is the SME operating and promoting a digital platform for the management of the CO2 digital currency (CO2s) based on the CO2 reductions achieved by a CO2Account owner.
A CO2Account is held in the platform to register the CO2 consumption, to calculate the yearly reduction, and to
provide the relevant credit, expressed in units of CO2. CO2 is the alternative digital currency which rewards the account owner by the verified reduction of 1 kg of CO2 emissions through the reduced use of fossil fuel in heating and/or transport.
CO2s can be credited to, and debited from (notably with CO2Cards -payment card, or with a mobile App) the account. The CO2/€ exchange rate prices carbon.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences economics and business business and management business models
- engineering and technology environmental engineering energy and fuels
- natural sciences earth and related environmental sciences atmospheric sciences climatology climatic changes
- social sciences economics and business business and management commerce
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
29217 PLOUGONVELIN
France
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.