New Credit Card That Calculates Your Carbon-Emission SpendingLeave a Comment
How much carbon emissions does a human being produce daily? The answer to this question is not as simple as calculating the CO2 emissions from our vehicles or the electricity in our homes. It’s much more than that – every product we buy has an impact on the environment in terms of carbon emissions. Luckily for green-oriented people, there’s a new credit card that will help them calculate how much carbon emissions are there in a product.
A Swedish financial technology company called Doconomy invented the sustainable DO Black Card in collaboration with MasterCard and United Nations Climate Change Secretariat. This credit card will not only show money balance and limit spending according to how much credit the user has left, but it will also limit spending according to carbon emissions associated with every purchase. Yes, when you cross over the carbon limit with the DO Black Card, you will not be able to spend any more money. Ouch!
The user will be able to monitor the credit and carbon balance within the DO app. According to the company, the mobile app uses the Aland index to calculate carbon emissions of every transaction. To help the user stay within limits though,