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  • CARROT NETWORK
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    • Introduction
      • Recycling Systems Are Broken
      • Earth Limitations
      • From Linear to Circular
      • What is Zero Waste?
      • Extended Producer Responsibility
      • Carbon Markets: From Problem to Solution
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      • MassIDs: Codifying Waste
        • Participant Categories and Wallets
        • MassID Composition
        • MassID Notation
        • MassID Creation
        • MassID Splits
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        • Proof-of-Authority
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      • Recycling Tokens
        • Minting TRCs
        • TCC (Carbon Credits)
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    • Conclusion
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    • Appendix
      • Formula comparison Between TRCs And TCCs
      • Formula for Project and Leakage Emissions From Composting
      • Formula For Baseline Emissions of CO2
      • CWIP Process (Extended)
      • Generating Reputational Metrics
      • Applying Reputational Metrics
      • Holder Reputational System Token Implementation
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  1. documentation
  2. The Product
  3. Recycling Tokens
  4. TCC (Carbon Credits)

Minting TCCs

PreviousGasID NotationNextCalculating GasIDs

Last updated 1 year ago

Tokenized Carbon Credits are minted in 1 ton units of avoided CO2e emissions backed by GasIDs that total 1,000 Kgs in weight.

where...where...where...
Tc is a TCCTc \: is \:a\: TCCTcisaTCC
G is a GasIDG\: is \:a \:GasIDGisaGasID
where N is the total number of MassIDs (M) in the TCC (Tc)where \:N\: is\: the \:total \:number \:of \:MassIDs \:(M) \:in \:the \:TCC\: (Tc)whereNisthetotalnumberofMassIDs(M)intheTCC(Tc)
Tc=G0,G1,...,GNTc={G_0,G_1,...,G_N}Tc=G0​,G1​,...,GN​
And the weight of all GasIDs within the TCC (Tc) must equal 1,000 kgs:And\: the \:weight \:of\: all \:GasIDs \:within \:the\: TCC\: (Tc) \:must\: equal\: 1,000 \:kgs: AndtheweightofallGasIDswithintheTCC(Tc)mustequal1,000kgs:
∑x∈TrNxw=(w0)+(w1)+(w2)+...+(wN)=1,000 kgs GHG\sum_{x∈Tr}^\N x_w=(w_0) + (w_1) + (w_2) + ...+ (w_N)=1,000 \:kgs \: GHGx∈Tr∑N​xw​=(w0​)+(w1​)+(w2​)+...+(wN​)=1,000kgsGHG

If a GasID is larger than 1,000 Kgs of CO2e then it will be split into 1 Ton units and a residual GasID will remain with the recycler. If GasIDs are smaller than 1 Ton then they will be packaged into a set totalling 1,000 Kgs, where the last GasID will likely need to be split. (For more detail see the end of the section on )

Note, the difference between a TCC and a TRC is that while TRCs package together MassIDs into 1 ton units; TCCs package GasIDs totaling 1 ton of prevented CO2 emissions through the recycling processes that certifiably reduce greenhouse gas emissions. For further clarification, see the between the two equations in the Annex.

A TCC is noted in similar fashion to and , using a location based identifier and a unique code to distinguish each token. Therefore, while the CO2e value of each TCC is the same in terms of weight (i.e. fungible) each one can be traced back to its original TRC and underlying MassIDs from the GasIDs that make up each TCC.

MassID splits.
formula comparison
MassIDs
TRCs
Figure 31: Example TCC
Figure 32: Example of TCC ID of 1,000 Kgs (1 Ton)