[LONG-TERM GOAL] CARBON CREDITS
It is the goal of the W Global Investment Singapore to work with the UNFCCC and the national governments to build methodologies for receiving carbon credits or similar national units (KOC in the case of Korea), based on the missions specifically designed to generate time series data that can over time contribute to a rigorous quantitative accounting of the public’s contribution to greenhouse gas emissions reduction through the HOOXI App.
When accepted methodologies are in place that validate emission reductions from programs of individual greenhouse gas reduction activities achieved on the umbrella platform, and equivalent carbon credits are received based on those reductions, HOOXI App may generate revenues based on carbon credits.
Regulatory environment in carbon credits and markets is fluid, which may impact the rollout of W Green Pay’s strategy to achieve this goal. Whether we maintain our current focus on incentivizing the users’ emission reduction contributions via W Green Pay tokenized rewards or find ways to incorporate carbon credits into the benefits distribution are subject to on-going regulatory developments, some of which may change the status of individuals in the established carbon markets. The goal of HOOXI campaign is clear; to incentivize users to reduce greenhouse gases with continuity and vigor. W Green Pay will adopt the optimum path to incentivize users with maximum and meaningful value, in order to motivate the public to contribute to their utmost capacity, for the environment and for our shared future and wellbeing.
|