Our Solution
Kakubi aims to improve the climate emergency
To effectively fight the climate emergency, we need to internalize (i.e. incorporate) the costs of carbon emissions into our economy and decision-making. To account for this, the EU ETS has been a pioneer market in successfully internalizing the costs of pollution.
Under the EU ETS, the European Union attempts to make it cost-effective for industrials to offset their carbon emissions by purchasing European Union Allowances of carbon (hereinafter referred to as “EUA”). EUAs are permits giving the holder the right to emit one tonne of carbon dioxide (CO2), or the equivalent amount of other greenhouse gases. Because of their increasing scarcity, EUAs have become a very valuable commodity, but they are not easily accessible to most individuals, businesses, or entities.
At Kakubi we believe that the free-market economy should be able to allow better price discovery of carbon costs for each product and service, if properly internalized in a transparent and easily accesible way. We therefore should aim at rapidly increasing the price of carbon while also striving to provide better tools to make the energy transition as painless as possible for producers that are enforced by law and voluntary for those not enforced by law but on best practice commitments and good conscience.
Kakubi is the first two-way bridge service of physical compliant and composable carbon to blockchain, which aims to enhance access to the compliant carbon markets.
Due to the composability nature of blockchain and thanks to the tokenization of carbon allowances, Kakubi will enable to embed micro and ongoing climate action through KKB Tokens, creating network effects.
1KKB ≈ 1 PERMIT TO POLLUTE 1 CARBON TONNE
By leveraging the power of Ethereum, Kakubi expects composable initiatives to be built in the near future as part of a newly born and thriving ecosystem to enable, for example, to offset carbon at the moment production is taking place (i.e., just in time) to help SMEs and other liquidity-strapped business compete better in a global market and to meet their compliance needs.
It is our view that to fight against the Climate Emergency we first need to fully account the emissions in a transparent way while incentivizing reduction with a strong price signal (i.e, what Kakubi attempts to help with). Emissions that can't be reduced for the moment will need to be offset (this is what other initiatives attempt to do).
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