LIFE21-CCM-ES-LIFE TOKEN CO2

In response to the climate challenge, political priorities, and upcoming legislation or international commitments, LIFE TOKEN CO2 presents a set of novel close-to-market products and services, supported by a business plan and scientific knowledge, which incentivise sustainable practice in the European forest.

LIFE TOKEN CO2 aims to launch an innovative platform to address the Life Cycle of CO2 from its emission to its compensation assessing different Forest Land Management. The project implements a large-scale validation of a novel, accurate and predictive remote sensing-based Model to calculate the absorption of CO2 by forest stands and the improvement through the realisation of potential forestry actions. The model is based on the correlation of experiments and sampling using Eddy Covariance stations and earth observation images, to obtain coefficients that allow the calculation of the potential CO2 absorption of an area. 

The final digital platform will also include a non-speculative carbon credits market tool based on official standards, with Smart Contract capacity, the Network Consensus and Blockchain technology to provide transparency and robustness. The result will also incorporate a set of supporting tools within the CO2 Life Cycle for target users, assuring its replicability and scalability to other species, regions, and types of actors.

The Consortium has been created for demonstrating, transferring and exploiting knowledge, but also creating novel products and services user-oriented, aimed at mitigating climate change strategies, avoid forest deforestation and promote sustainable forest management. Therefore, the experience and knowledge of the Partners, as well as their contacts network and commercial capacity is key for the Project success. 

LIFE TOKEN CO2, constituted by 6 Spanish entities with the aim of providing an urgent climate solution at European level, will be implemented over a period of 42 months with a total budget of 2.987.162,47 €.