A bank that pays you for climate action

Support the French green neobank where you deposit your emissions – in exchange for good green cash

Solution
Community
Location
France
Evaluation
UNFCCC
Volume
44kt
Price
9€
A BANK THAT PAYS YOU FOR CLIMATE ACTION
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company-logo
Compte CO2

Headquarter

Brest, France

Project Launch Date

01 January 2012

A sure way to encourage people to reduce their emissions is to pay them to do it. This project does just that.

Compte CO2 is a green mobile neobanking app that offers all the perks of modern banking, such as real-time balances, instantaneous transfers and a frictionless user experience. But it is also a unique way to help both households and companies to take daily climate action.

What is the background?

In 2017, emissions from the heating of buildings accounted for 88.9 tCO2, that’s 25% of French emissions. Emissions from cars, meanwhile, racked up 68.6 tCO2 and motorbikes emitted 1.6 tCO2. However, while manufacturing and industrial businesses have plenty of official government incentives to help them monitor and reduce their emissions, individuals and sales and services companies don’t have so many – and certainly not enough.

The Compte CO2 app aims to plug that gap. It is the result of 10 years of trials into how to encourage people to track and reduce their carbon footprint.

What is the solution?

Here’s how it works. Compte CO2 accounts are not held in euros or dollars, but in green-euros. One green-euro corresponds to 22 kg of CO2 reduction or removal from the atmosphere.

Today, our bank deposits finance fossil fuels and climate change. Our whole economy is carbonated, and so are our euros.

With the CO2 account, you can switch from the carbon euro to the green euro.

Thanks to incentive actions, Compte CO2 supports households in reducing their CO2 emissions. These reductions then back the euros deposited on the CO2 accounts, which then become green euros, the euros of a decarbonised economy.

Use your CO2 bank account. For every euro deposited on your account, Compte CO2 ensures that there has been a reduction of 22kg of CO2 emissions in Europe. So, your account switches to green euros!

If you reduce your emissions – for example by switching to clean energy or changing to an electric car – you get paid for it in green-euros. One green-euro is worth €1, which you can spend anywhere you like, in shops or online, using your CO2 card or your mobile.

What are the benefits?

Quite simply, this project encourages people to reduce their emissions and to think more carefully about their carbon footprint. And it’s official: Compte CO2 is one of only a handful of French projects that have benefited from the UN offset mechanism created under the Kyoto protocol.

Now, Compte CO2 is ready to go big and expand its user base across all of France.

ASSESSMENT

Everything you want to know about this project, at a glance.

Solution

Community

Reduction

Location

France

Local

Evaluation

UNFCCC

Certification

Volume

44kt

Price

9€

Co-benefits

3 SDGs

Durability

N/A

Additionality

Medium

Barriers

High

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