TCC (Carbon Credits)

Tokenized Carbon Credits (TCCs) represent the greenhouse gas (GHGs) emissions that were avoided through properly recycling waste when compared with the baseline scenario (where waste typically goes) for a particular waste type in a specific location. This includes GHGs emissions not generated at landfills and dumps when biological waste is diverted to a composting facility, or when products and packaging get recycled and carbon emissions are avoided from having to extract new raw material from nature and hauling and processing them into inputs to be used in manufacturing of new products, when recycled materials could have been used.

Quantifying reduced GHGs is not a new field and can be measured precisely thanks to existing calculation methodologies (see section on Carbon Credit Tokens for GHGs avoidance from composting), and through supply chain carbon assessments and product life cycle analysis performed by auditing firms, as will be performed by Zero Waste Auditors. By combining waste tracking of MassIDs, certified recycling, and applying existing carbon emissions (CO2e) calculation frameworks, the Carrot Fndn believes it can create the most trusted Carbon Credit in the market and the most scalable decarbonization solution to date.