TCO2represents 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.
TCO2tokens 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
TCO2can be locked into the Base Carbon Pool in return for a
BCTis thus a carbon index token, backed by various offsets from multiple projects.