As a company you can reduce your carbon footprint on the blockchain in two simple steps:
You can use REO-G and GTK from your wallet to issue a Green Certificate of Sustainability that will prove on the blockchain that you are a sustainable company and will calculate the CO2 quantity avoided from the atmosphere.
A REO-G or a GreenToken is an ERC-721 token on the public Ethereum blockchain that certifies the origin of the energy as being from renewable sources. RED agrees to 1 REO-G producers for every 1 MWh of Green Energy produced. A REO-G is valid for 12 months from the date of issue, during which time it can be used by companies to reduce their carbon footprint.
A GTK or a Green Token is an ERC-20 token that measures the CO2 that is avoided from the atmosphere through environmentally-friendly actions, such as the consumption of renewable energy, food waste avoidance, capturing CO2 from the atmosphere, electromobility, and many more. RED offers GTK tokens to energy consumers for the percentage of consumed renewable energy. A GTK can be used only once by companies to offset their carbon footprint.
1 GTK = 1 kg of CO2 avoided from the atmosphere (or other greenhouse gas equivalent)
A green certificate of sustainability is a way to demonstrate the degree of sustainability of companies by supporting green energy producers in a 100% transparent way on the blockchain developed by RED. Each “Green Certificate” will contain information regarding the “Company“, the “REO-G Number” and the “Amount of CO2 avoided” as well as a “Single Series” on the blockchain with the registration of the certificate that can be verified publicly on the Ethereum network.
To obtain a “Green Certificate” you must have REO-G in your wallet and use it to issue the certificate.
RED does not charge cash fees for issuing green certificates for companies. In order to cover the network costs of writing the information on the blockchain, a small payment in MWAT is required.
The digital Green Certificate will be a powerful ESG tool because a company can prove on a public blockchain that they are a sustainable entity, that consumes and supports the production of renewable energy as well as taking action to offset the release of CO2 in the atmosphere. All this is done in an easy but most important in a secure way, the blockchain being tamper-proof. Your business partners, customers, and suppliers will be delighted to work with a sustainable company and they can check this information publicly at any time.
Of course, we have prepared a special page for you with answers to the most frequently asked questions here
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