TCO2
.TCO2
represents a unique carbon offset brought on-chain using the Toucan Carbon Bridge. And each offset is equivalent to 1 tonne of carbon dioxide emissions mitigated or removed from the atmosphere from verified projects across the globe. TCO2
, including:TCO2
tokens can represent carbon offsets from different projects, e.g. a forestry project in Brasil or a soil carbon project from the US. However, creating a liquid on-chain market for carbon requires standardisation. This is the role of the Base Carbon Pool — each TCO2
can be locked into the Base Carbon Pool in return for a BCT
token. BCT
is thus a carbon index token, backed by various offsets from multiple projects.