Zero Carbon Project is tackling climate change using the blockchain and international carbon credits. Renewable energy has responded well to the challenge but its impact has been too small and too slow.
The Zero Carbon Market can deliver a quicker reduction of carbon emissions by beating both renewable energy and fossil fuels on price.
As the catalyst for change, we have created a blockchain-driven economy and Zero Carbon tokens as meaningful reward-based incentives for consumer action.
Zero Carbon means energy which results in net zero carbon emissions released into the atmosphere. This could include renewable energy from solar and wind, assisted with batteries to match supply with demand. Also energy from hydro or geo-thermal sources.
Our Project makes it is easier for energy suppliers to compete with fossil fuels on price by allowing them to source their electricity locally from fossil fuels but then offsetting these carbon emissions by subsidising carbon reduction projects elsewhere in the world, using international carbon credits.
Zero carbon may also be sourced from nuclear generators.
To learn more about the project and international carbon credits, you can go to https://www.zerocarbonproject.com
Renewable energy technologies are not responding quickly enough to tackle the climate change problem as they are still too expensive despite massive cost reductions over the last ten years.
The Zero Carbon Project has been developed by Beond Group. Beond Group is an energy consultancy and software services business providing energy procurement, energy management and distributed energy services to energy consumers. The business has been operational since 1999.
The management team at Beond have almost 100 years of combined energy market experience. The business has a mission to “Help their clients achieve their ambitions” with a vision to create a “Carbon Free World”.
We also have an excellent advisory team with significant expertise in energy and blockchain enterprises.
The team is passionate about climate change and the Zero Carbon Project’s vision is “to reduce carbon emissions from energy to zero within 15 years”.
Operations are based and run out of Sydney and London
Our customers include energy suppliers who participate in the Market as sellers; and energy consumers who participate in the market as buyers. There roles are different but we service both of them as customers and ensure they both benefit from a fair and transparent market.
The Project is aimed at both domestic and business consumers. Both business and domestic consumers will be able to buy zero carbon energy through our Zero Carbon market and be rewarded with Zero Carbon tokens. We are expecting our early consumers to be domestic consumers but in order for us to fulfil our vision of “zero carbon emissions from energy within 15 years”, we need to engage with both domestic and business consumers around the world. The Beond Group business has considerable expertise in setting up Zero Carbon markets.
The Zero Carbon market will deliver lower prices compared to carbon based energy and at the same time consumers will be rewarded with Zero Carbon tokens for a. agreeing to become a consumer, b. signing up to a new zero carbon energy contract through the platform, c. consuming zero carbon energy and d. nominating new consumers.
We are planning to launch our Zero Carbon market in the UK in October. Consumers will then start being rewarded with Zero Carbon tokens distributed by our smart contracts. We aim to launch in Australia in early 2019.
We are planning to launch our Zero Carbon market in the UK in October. We aim to launch in Australia early in 2019.
We are in discussions for quick rollouts into Texas, east coast of US and Germany. Other markets will follow in 2019 including the major European countries, Canada, Japan and NZ.
Rolling out Market in competitive electricity markets around the world.
We are initially targeting crypto-community members who consume electricity. Also targeting consumers who are concerned about climate change.
We have designed a nomination scheme with high rewards for energy consumers that spread-the-word and provide referrals.
Differentiators and competition
There are other energy blockchain projects. But we are not aware of any providing the same market as us.
By taking part in the Zero Carbon Project you can have a material and immediate impact on climate change. Other energy blockchain projects are mainly geared around peer to peer trading of energy from renewable technologies and also tokenising output from new renewables farms. Renewable technologies are an exciting solution but just won’t provide competitively priced energy for several years. The Zero Carbon Project provides an immediate and material impact on carbon emissions.
Our main energy blockchain competitors are Power Ledger, WePower, Grid+, Restart Energy, Energimine and Electrify.
Our competitors are relying on renewable energy technologies which are still not price competitive with fossil fuels. We deliver lower prices leveraging international carbon credits and intense market competition, along with a valuable Zero Carbon token reward.
Our best known competitors are Power Ledger who provide peer-to-peer markets allowing neighbours to trade excess solar power. Also WePower are tokenising the electricity output from new renewables farms. We provide a broader market allowing consumers to switch to zero carbon energy while reducing their costs; and allowing energy suppliers to compete with each other for the business.
Zero Carbon token economy
Zero Carbon tokens are used to pay the transaction fees for using the zero carbon markets. The fee is calculated as USD0.01/kWh but paid in Zero Carbon tokens.
- Energy suppliers (or consumers) pay a transaction fees for using the Zero Carbon Market, which is calculated in USD or fiat, but must be paid in Zero Carbon tokens
- Up to 70% of the Zero Carbon tokens received as transaction fees are recycled back to energy consumers as rewards for consuming zero carbon energy purchased across our Market
- As our consumer base grows, demand for Zero Carbon tokens increases to pay more transaction fees
- A limited supply of Zero Carbon tokens drives value into the tokens
- Sellers of Zero Carbon tokens determine the price at which they are willing to offer to sell their Zero Carbon tokens, across third party crypto exchanges
- Energy suppliers purchase the Zero Carbon tokens across these crypto-exchanges in order to pay the transaction fees
Why do you need blockchain? Surely you can do this through other reward or schemes that don’t need blockchain?
Zero Carbon uses blockchain:
– To create Zero Carbon utility tokens using smart contracts, which capture the utility value that consumers can gain from using our zero carbon market,
– These Zero Carbon tokens can then be traded in a liquid global secondary market, 24 hours and 7 days a week. This marketplace ensure that any customers receiving higher utility value from the service can purchase tokens from customers receiving less utility value, offering customers lower transactions than carbon based energy prices
– Distributed ledger reduces transaction costs of managing Zero Carbon token transactions internationally across national borders
Consumers will be rewarded with tokens in 4 ways as follows:
- Registering as a consumer
- Buying their first zero carbon energy contract through the Zero Carbon market
- Consuming zero carbon energy
- Nominating further Custodians who register and consume on the Zero Carbon market
The precise details are outlined in the Whitepaper
How will energy suppliers deal with the volatility of the Zero Carbon tokens if we are expecting them to pay transaction fees in Zero Carbon?
The charge is calculated in USD 1c/kWh and they pay in Zero Carbon.
So we receive the Zero Carbon on a day and then we use an exchange rate using a weighted average volume of Zero Carbon (ZCC/USD) trades during the day. We manage a statement of account off blockchain initially.
The precise details are outlined in the Whitepaper.
The smart contracts have been designed so that the Project won’t run out of Zero Carbon token rewards. This is because the reward pool is topped up by recycling up to 70% of the transaction fees. This is in addition to 147 million or 30% of the total Zero Carbon supply initially being allocated to the reward pool. It is possible that there will be a delay in distributing rewards if the pool isn’t being replenished quickly enough. However, as the reward pool will only be depleted by the consumer base growing faster than expected, this will result in higher transaction fees which will be recycled to replenish the reward pool.