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Compte CO2 is a green mobile banking app that helps individuals and companies take daily climate action. It’s the result of 10 years of trials into how to encourage people to track and reduce their carbon footprint.
For every euro deposited in an account, Compte CO2 makes sure there’s been a reduction of 22kg of CO2 emissions in Europe.
And the big incentive? People get paid to reduce emissions. If an account holder reduces their emissions – for example by switching to clean energy or changing to an electric car – they get paid back in green-euros. One green-euro is worth €1, which they can spend anywhere, in shops or online, using their CO2 card or mobile.
Your contribution will help Compte CO2 go big and expand across France
Everything about this project at a glance.
Our atmosphere is like a bathtub, which we have been filling for decades with greenhouse gasses. Each ton of CO2e in the tub increases the global temperature and affects the climate.
In order to prevent our bathtub from spilling - which would mean reaching a +2°C temperature increase - 3 types of actions exist:
Reduction: These projects reduce emissions, closing the tap and slowing down the filling of the tub (e.g. switching to more efficient fuels)
Avoidance: These projects preventing future emissions, stopping a new tap from being opened (e.g. protecting forests and peatlands so that they don’t start releasing CO2)
Removal: These projects remove and capture greenhouse gasses, emptying the bathtub (e.g. reforestation and direct air capture technology)
Solutions are different ways we can reduce, avoid and remove our emissions. They vary in terms of cost, level of maturity, potential to scale, and other factors. To make comparisons easier, Sweep groups solutions into categories such as Forests, Geoengineering or Buildings. Climate solutions are numerous: to learn more about what can be done, explore our catalog.
Solutions can be deployed in a large range of locations, from a micro-regions to entire sections of a continent. You might want to focus your contributions on specific areas to maximize local socioeconomic impacts or contribute where your activities are based.
Certified • UNFCCC
Various international and regional standards rely on established methodologies, dedicated processes and third-party verifications to guarantee that a project delivers on its promises.
Certified: Standards, such as Gold Standard or Verra, are listed for maximal transparency
Not certified yet: The process to be certified is expensive and cumbersome, and ad-hoc methodologies might not exist for specific projects, preventing them from being certified. Sweep promotes other projects after a necessary due diligence, bringing more projects to a wider audience while also offering opportunities to develop and tailor new projects according to your own needs.
Capacity is the projected volume of tCO2e reduced or removed during the crediting period. This indicates the projected net impact of a project after adjusting for potential negative impacts and other externalities. This is key to assessing the current scale of a project and can give a quick estimate of what the considered volumes represent at the project scale.
Capacity does not reflect the available quantity of credits as some of them can already be sold.
2012 - 2022
Certified projects are eligible to generate carbon credits over a certain period of time. This crediting period gives a good estimate of the progress of a project.
Older crediting periods means that projects have delivered their promises and that third-party auditors have recognized the climate impact
Crediting periods covering coming years may have already been audited for a fraction of the volumes. The rest will be generated along future audits.
SDG 7: Affordable and Clean Energy
Supported measures include the transition to greener and more efficient appliances
SDG 11: Sustainable Cities and Communities
The switch to more sustainable vehicles and heating methods has a lasting impact on air quality
SDG 13: Climate Action
For every euro deposited on one's account, Compte CO2 ensures that there has been a reduction of 22kg of CO2 emissions in Europe
Projects often have positive side effects beyond reducing, removing, or avoiding emissions. For example, projects might reduce waste, protect biodiversity, or support indigenous people. These co-benefits are modelled after the UN Sustainable Development Goals (UN SDGs).
Durability only applies to to removal solutions. It indicates for how long the carbon will be removed from the atmosphere - the longer this is the more desirable. For example, storing carbon as mineral underground is more durable than in a tree, making it a less risky and longer term solution.
Additionality reveals the impact of your financial support. It indicates what percentage of the global project budget is coming from contributions.
High additionality means most of the project revenue relies on contributions, and they would likely not be able to happen without this financing.
Low additionality projects are less reliant on contributions.
Other additionality criteria, such as policy or regulatory additionality, are tackled through certifications and not assessed here
The total project barrier score is available when all types of barrier are provided. It is a composite score based on the 5 barriers assessed.
Revenues generated by the sale of carbon certificates triggers behavioural changes in households and enterprises, which allows all barriers (educational, social, economical) to be removed. It also adds to Compte CO2 revenues to allow for the development of a new neobank app and a new carbon-free economy based on green-euros, a form of euro that is proved to be fully decarbonized.
Barriers are the different hurdles a project might need to overcome. Barriers can give you a sense for the challenges a project faces, but also how it can add deeper value and create change. We differentiate five types of barriers: economic, social, institutional, technical and financial.
Our carbon team will help you tailor your portfolio based on your preferences.