Universal Carbon [UPCO2] is the world’s first tradable carbon token on a public blockchain. When you buy UPCO2, you make the world a cleaner place by supporting the sustainable preservation of the world’s rainforests.
Issued by the Universal Protocol Alliance, UPCO2, democratizes access to the most important new asset class of our generation: 90% of millennials now cite impact investing as their top strategy with climate change as the most important theme.
For the very first time, UPCO2 allows people to buy, hold, and sell tokenized carbon credits. You can also burn credits to offset your carbon footprint. Each UPCO2 Token is backed 1:1 by a carbon credit representing one year-tonne of CO2 averted by a certified REDD+ rainforest project.
When you buy UPCO2, your transaction will be validated, secured, and certified by the UP Alliance, which include leading blockchain companies such as Ledger, Uphold, Infinigold, Bittrex Global and CertiK.
Powerful macroeconomic forces underpin the Voluntary Carbon Credit market and could drive up prices significantly as more countries introduce emission-control regimes forcing companies to compensate for pollution. Furthermore, a growing number of firms (and individuals) are choosing to offset their carbon footprints voluntarily.
Integrating environmental assets into portfolios has already proved successful for some institutional investors seeking social benefits, as well as increased returns. The UPCO2 Token allows virtually anyone to participate in this growing trend.
According to the World Bank, in 2020, humanity compensates for just 22 per cent of global emissions through the purchase and retirement of carbon credits, and yet the proportion of countries operating regulated carbon markets has risen from 40 percent of global GDP in 2016 to 70 per cent in 2020.
The result is a wall of demand that may far outstrip the production of new carbon credits, which is choked by the slow and expensive process of Voluntary Carbon Project certification.
UPCO2 is transparently minted and substantiated on a public blockchain. You can see the assets and liabilities underpinning the Token in real time here. You’ll always find that the Token is fully reserved.
- World’s first carbon credit token that can be bought and held as an investment, as well as burnt to offset a carbon footprint.
- Each UPCO2 Token is backed 1:1 by a Voluntary Carbon Unit on a leading registry, which represents one-year tonne of carbon emissions averted.
- An ERC-20 Token on the Ethereum Network, UPCO2 is fractional, which means you can invest as little, or as much, as you can afford to offset your carbon footprint or hold as a speculative investment, and support the world’s rainforests.
In one simple transaction, you’re taking a step towards a cleaner planet.
To learn more about UPCO2, click here.