Many Companies are already trying to lower their emissions for a more justifiable and strong future. Now it’s a general awareness to think about the environment in their daily lives, including making more informed decisions about what they buy.
Pleased to welcome the initiative being undertaken by Doconomy. A New credit card has been launched with a carbon emissions spending limit! A new credit card that helps users track and measure their carbon emissions associated with their purchases as well as cap the climate impact of their spending has been launched. It stops people from overspending, not based on available funds but on the levels of CO2 emissions caused by their consumption.
Swedish fintech company Doconomy’s ‘DO Black’ credit card, developed in partnership with Mastercard, is linked to an app that enables consumers to track and measure their carbon footprint from each purchase and allows them to put limits on the climate impact of their spending.
Those who sign up to DO, will receive access to a savings account that helps them understand their carbon footprint, UN-certified climate compensation projects and investment funds that have a positive impact on people and the planet.
People who sign up will be financially rewarded for being more environment friendly – users can get refunds known as ‘DO credits’ from connected stores based on the carbon impact of their purchases.
These refunds can be used to compensate for the carbon footprint of the purchase by directing it to UN-certified projects that reduce, avoid or remove greenhouse gas emissions or invest in sustainable funds and will be rewarded with Certified Emission Reductions.
Natalie Green, CEO of Doconomy said: “The core purpose of DO Black is not only the ability to measure the impact of your consumption but also bringing it to a direct halt, making it a radical tool against climate change.”
The card is made of bio-sourced material and printed with Air Ink, which is made from recycled air pollution particles, such as the emissions from car exhaust pipes.
It’s clear we need much more ambitious climate action, and we need it now. So a new era to save climate and money has arrived and it’s time to accept and implement the changes.
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