IBD  Carbon Credit Market Place

IBD Carbon Credit Market Place

Carbon Credits: Building Bridges to a Greener World

Created on 10th February 2024

IBD  Carbon Credit Market Place

IBD Carbon Credit Market Place

Carbon Credits: Building Bridges to a Greener World

The problem IBD Carbon Credit Market Place solves

It can be used to trade carbon credits . Industries that have major contribution in emitting large amount of carbon can use this place to trade carbon credits which can help the environment to restore to its normal state and thus help the industry owners get a source of monetization and thus help to restrict the carbon emission with the fear of losing money for those who exceed their carbon emission limit.It basically is trade platform for small industries to large industries which contribute in emission of carbon emissions.

1 Carbon Credit= 1 metric tonne carbon emmision reduced

It basically works in the following way:

If a company 'A' has carbon emission limit of 10,000 metric tonne of carbon emission per month but the company has emiited say suppose 9000 metric tonne carbon only and another company 'B' has carbon emission limit of 12,000 metric tonne of carbon emission per month but the company is estimated to emit carbon more than its limit emission , so company B can buy the remaining amount from the company A. Thus, maintaining the balance of carbon content in the environment. As these industries start taking steps in reducing their carbon emissions the content of CO2 will definitely reduce in the air thus giving us vast amount of pure air to breathe.This will also help in stopping the depletion of ozone.The Carbon emission reduction can be done by using those machines that emit less amounts of carbon.This can also be done by using the electricity that is produced by those companies which use renewable form of energy or which do not emit carbon.

Carbon Offsests :

Carbon offsets are a way for individuals, companies, or organizations to compensate for their greenhouse gas emissions by investing in projects that reduce or remove an equivalent amount of emissions elsewhere. These projects can include renewable energy projects like wind farms or solar power installations, reforestation or afforestation initiatives, methane capture at landfills or agric.

Challenges we ran into

We had certain challenges that needed to be tackled ver calmly and some of these challenges are:
1.Verify Company

Tracks Applied (3)

Best use of GitHub

We have used github repositories to store our code remotely and connecting this repository to vercel has made us easy to...Read More

GitHub Education

Best Use of MongoDB Atlas

We have Used Mongo DB for storing all kinds of data that includes user data , trade data and emission data.Mongo DB has ...Read More
Major League Hacking

Major League Hacking

Hack This Fall Best Beginner Team

We have come here for the first time and this being our first hackthisfall hackathon as well as first offline hackathon....Read More

Discussion

Builders also viewed

See more projects on Devfolio