This Carbon Credit Crypto is Set to Disrupt the Electric Vehicle Industry – Here’s How to Get Involved

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The carbon credit market is huge and set to get even more enormous in the coming years. According to Coherent Market Insights, the market was valued at around $211.5 billion in 2019 and is expected to grow to over $2.4 trillion by 2027.

That’s a positive for the climate. Carbon credits allow polluters to offset their CO2 emissions via essentially funding carbon-negative projects via investments in carbon credits. But the carbon credit market has thus far only really been accessible for big industry players, not the little guy.

Blockchain technology is changing that, and a new crypto start-up called C+Charge is looking to massively disrupt the electric vehicle (EV) industry by offering EV drivers a way to earn carbon credits when they charge their vehicles for the first time.

C+Charge, who are building a crypto-based EV charging payments platform, hope that by democratizing access to carbon credits for EV drivers, they might encourage/accelerate the transition to EVs from traditional fossil fuel guzzling cars. Not only would this be a positive in the fight against climate change, but also in the fight against urban pollution, which causes thousands of premature deaths every year.

EV drivers will use the C+Charge application to pay to charge their vehicles. They will pay using C+Charge’s native cryptocurrency CCHG and will be rewarded with carbon credits in the form of Goodness Native Tokens (GNT), which will be stored in their account on the C+Charge app. GNT token represents a verified voluntary carbon credit and is backed by venture capital firms a16z Crypto and Samsung Next as well