New Credit Card Limits Spending Based on Carbon Emissions
Most people are aware that they need to shop more mindfully. However, it seems only the minority do. This will hopefully change with the DO Black credit card, launched by the Swedish fintech company Doconomy. The credit card limits users’ spending based on the climate impact of their daily purchases.
As DeZeen reports, the DO Black credit card directly connects consumption to the impact it has on the planet. Users can rely on the card to make daily purchases and with the DO app, can also track the carbon emissions associated with the spending.
The DO app uses a calculation system called the Åland Index to measure the CO2 produced with every transaction. Each user sets their own limit on the climate impact of their spending.
Each cardholder receives access to a free savings account. In addition to helping them understand their carbon footprint, the account helps users learn about UN-certified climate compensation projects and discover investment funds that could positively benefit the planet.
Even the card itself is Eco-friendly. It is made from bio-sourced material and is printed with Air Ink — an ink made from recycled air pollution particles, or the unburned carbon soot that comes out of car exhaust and chimneys.
Those who regularly use their cards will be rewarded financially. DO owners will receive refunds (also known as “DO credits”) from connected stores. The reward will be determined by the carbon impact of their purchases. Refunds can then be directed to UN-certified carbon-offset projects, or invested in sustainable funds.
“We all need to come to terms with the urgency of the situation and rapidly move towards more responsible consumption,” said Doconomy CEO Nathalie Green. “With DO Black there are no more excuses.”
“Through our collaboration with the UN Climate Change Secretariat and Mastercard, DO will enable people to do their part to contribute to the carbon-reduction goals of 2030 and onwards,” added Green.
Related Topics
Related News & Articles
Tropical peat swamps are not only the native habitat of orangutans and sun bears, they’re also one of the world’s most important ecosystems. Found com...
Recently posted . 1K views . 4 min read
We have time and again seen how internet manages to dig out doppelgangers of several Bollywood actors. From PC to Shah Rukh Khan, we have seen lookalikes of many ce...
Recently posted . 1K views . 1 min read
Titan is the only celestial body besides Earth to have liquid on its surface. Although the liquid is not water, the lakes are filled with hydrocarbons such as metha...
Recently posted . 762 views . 3 min read
Carbon is one of the most abundant elements on Earth, with so many compounds it forms and all life on Earth being carbon-based it is the King of Elements. Carbon th...
Recently posted . 559 views . 4 min read
Bitcoin mining has increased rapidly in recent years, raising the question of whether it is imposing an additional burden on the climate.
Recently posted . 649 views . 1 min read
Trending News & Articles
ALMATY: Hour upon hour, day upon day, Omir Bekali and other detainees in far western China's new indoctrination camps had to disavow the...
Recently posted . 199K views . 1 min read
If you have payed attention to the belly buttons of people on the beach or the members of your family, you have probably noticed that they have different shapes and...
Recently posted . 8K views . 2 min read
In this age of terror, there might be nothing more terrifying than the thought of an attack carried out with chemical weapons. We’ve all heard the horrific ...
Recently posted . 3K views . 4 min read
Body fitness is one thing that everyone wants to maintain irrespective of age. Going to the gym and doing some great exercise always helps to maintain your body fit...
Recently posted . 3K views . 2 min read
More in Global
If you have observed, many Indians still use silver plates to eat and use silver containers to store food. If you have thought that could just be a status symbol ...
Recently posted. 997 views . 2 min read
Kirlosker Brothers' Limited sent teams from its offices in India, Thailand and the United Kingdom to the site to offer its expertise in 'dewatering'.
Recently posted. 619 views . 1 min read
यह कहानी एक ईमेल से शुरू होती है जिसे मैं कभी नहीं भूलूंगा. मई महीने की एक सुबह सीलैंड के प्रिंस माइकल का संदेश आया था- "आप मुझसे बात कर सकते हैं."
Recently posted. 216 views . 1 min read
Recently posted . 526 views
Recently posted . 555 views
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 1K views . 49 min read
Recently posted . 1K views . 99 min read
A WhatsApp spokesperson confirmed the findings to Wired, however adding that "no one can secretly add a new member to a group and a not...
Recently posted. 644 views . 2 min read
Sleeping hasn’t been that easy ever since I decided to move in with my wife. After being used to sleeping alone in a double-sized bed, I had to figure out h...
Recently posted. 918 views . 4 min read