photo: credit card for tracking climate change and users carbon footprints

Baltic sea card that tracks climate change and users carbon footprint
Photo credit Source: Ålandsbanken – Vimeo

The Finnish bank Ålandsbanken, based on the
autonomous archipelago region of Åland, is
launching a new credit card to combat climate
change. Though its only a small bank with
about 700 employees the bank is the first in
the world to offer a very innovative new
service, according to Veckans Affärer .
The Baltic Sea Card is made completely of
renewable raw materials, is non-toxic and
biodegradable, but that’s not its coolest trick
by far.
Users of the Baltic Sea Card will get an
environmental report in their mobile app or
internet bank account, effectively letting users
track the carbon footprint of their
consumption. The bank hopes that increased
transparency will constribute to changing
daily habits to become more sustainable in
the long run.
But the idea isn’t only to raise the awareness
of consumers, but also to let them actively
take part in changing saving the environment.
Working with WWF Finland, the card will also
facilitate compensating one’s negative impact
on the environment by making donations to
various projects in conjunction with paying
the credit card bill.
A carbon credit is a generic term for any
tradable certificate or permit representing the
right to emit one tonne of carbon dioxide or
the mass of another greenhouse gas with a
carbon dioxide equivalent (tCO 2 e) equivalent
to one tonne of carbon dioxide.
A carbon footprint is historically defined as
“the total set of greenhouse gas emissions
caused by an [individual, event, organisation,
product] expressed as CO 2 while A credit card is a payment card issued to
users (cardholders) to enable the cardholder
to pay a merchant for goods and services,
based on the cardholder’s promise to the card
issuer to pay them for the amounts so paid
plus other agreed charges. [1] The card issuer
(usually a bank) creates a revolving account
and grants a line of credit to the cardholder,
from which the cardholder can borrow money
for payment to a merchant or as a cash
advance . Wikipedia

Author: TheGoldendiamond

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