CostCarbon is a unique digital system for tracking all environmental inputs into the lifecycle of any product or service. The framework that CostCarbon uses is transparent, universally accessible, and enables any organisation to track, and verify, and account for the environmental lifecycle costs of current and future products and services. As part of any procurement process CostCarbon gives considerable advantage to both sides: Prospective procurement agencies or individuals are able to verify that their purchases are meeting or exceeding their environmental and/or social guidelines; and, Providing organisations participating in CostCarbon can enjoy a significant advantage over competitors, with a clear and auditable method of proving their environmental credentials.
In a world where buyers are evolving rapidly to secure Environmental, Social and Governance (ESG) benchmarks in all their purchasing, CostCarbon is an innovative and powerful tool that supports and ensures truly sustainable practices.
Having moved beyond the development stage, CostCarbon now needs further funding for trial, adjustment and implementation.
There is little argument that the planet is in an existential crisis due to climate change and the slow pace of carbon emissions mitigation. The targets signed up to under the Paris Agreement are not on track to be achieved. 2030 is the ultimate target date for achieving net zero greenhouse gas emissions if worst case scenarios are to be avoided. CostCarbon will be a powerful tool in reaching that goal.
To date most attention has been paid to the waste and consequences associated with utilising our finite natural resources. But there is also an urgent need to address the gaps in the systems associated with sourcing, processing and utilisation of both natural and social capital.
To achieve this by 2030 we must rapidly trial, adjust and implement globally coherent economic practices that restore and protect Earth’s natural systems. CostCarbon is the ultimate transparent, universally accessible system to do this environmental accounting, to reduce loss and environmental damage throughout the entire system. Invest in CostCarbon’s next 7 year phase, and be an investor in a sustainable, liveable future.
The CostCarbon Mission
The CostCarbon mission is to slow, stop and reverse waste and want by 2030. We seek philanthropic and public funds to continue our development work over the last 7 years, to trial and commercialise a universally applicable methodology for the accounting of social and natural capital.
Our system is agnostic to material, sector, location and jurisdiction. At completion and implementation, the system will provide coherence across change methodologies, standards and policy approaches that are directed towards carbon budgets, sustainability reporting and social governance. It will allow collaborators to achieve a net-zero balance, at the pace and scale they determine. It will address Scopes 1- 3 GHG emissions concurrently with other forms of waste and inequality.
The CostCarbon System
A major impediment to collectively making our way to net zero is not the lack of information, but a reluctance, or incapacity to share it. CostCarbon’s universally applicable accounting framework overcomes this obstacle. It can be used to verify inputs and outcomes between and beyond commercial relationships, transactions and trade.
The system enables better capture and sharing of value that is generated throughout vast quantities of material and data flow-cycles. Major change methodologies such as circular economy, growth-less prosperity, poly-capital and even nation level ‘Green Deals’ will be accelerated by utilising CostCarbon’s coherent logic, taxonomy and framework in a common user environment.
CostCarbon will give political and business leaders greater confidence that the policy and purchasing decisions they make are founded on verifiable information. This will stimulate business and policy opportunities, and finally match reward to the urgency of action towards a sustainable planet. Their constituents, clients and customers will reward them with trust and loyalty when sustainability and carbon credentials are independently demonstrated and commitments met.
All of us are changing the world we live in with every action and transaction every day. However imperceptible that impact is, it is cumulative and compounding. The premise and intent of COP 26 was to address the accelerating and negative impacts of our current economic practice and to get coherent policy and governance from our leaders.
Each month that passes with no discernible change in action, is a significant and increasing percentage of the time remaining to reach meaningful and timely net zero emissions targets. Government and business commitments to SDGs, carbon neutrality, ESG etc. must be met and exceeded to avoid the social and environmental tipping points and collapse predicted by science.
A just transition; from one state to another must be fast, universally accessible, coherent and resilient. Major change methodologies offer alternative pathways but largely use the same definitions, metrics and accounting methods that have failed us to date. They remain fragmented, compete for resources and are vulnerable to delay, dilution and distraction by incumbent forces that profit from the old order. Commitments and declarations of action are consistently overstated and not met, which suggests our current trajectory is terminal.
The framework proposed by CostCarbon represents an actionable and palatable alternative means to a near future state of an organically regenerative, more abundant, and widely distributed economy, that is also more resilient to future shock.
We propose a pathway that halves all forms of waste from emissions to potentials. It offers a coherent system aimed at restoring the commons: clean air, land and water; and by doing so achieves a level of balance between humanity, the biosphere, and our planet.
Imagine a system that applies a layer of logic and consistency, and distributes risks and benefits, across the economy? Imagine a mechanism that enables financial price, environmental cost and social value to be measured at the moment of transaction between any two or more parties? Imagine a framework that represents the reality of existing social and natural relationships, and provides access to it in real time to anyone?
This vision of the future is essential if the transition is to be just, inclusive and resilient. This is the promise of CostCarbon.
In the absence of trust in transactions, the traditional methods of value extraction, externalised costs and exploitation will continue, and we will not achieve the transition at the pace and scale necessary to avoid the serious consequences of climate change.
The CostCarbon system responds to the pull forces on democracy. Procurement transactions at all levels of government will benefit as demand for transparency and accountability grows. Local governments in all democracies are the civic authorities closest to communities, most widely distributed throughout communities, and arguably least political in their motives. Their governance role in communicating expectations, demonstrating standards and initiating action, positions them as the innovators and early adopters of climate action. Our research, discussions, pilots and case studies validate this. A deeper and growing community desire for meaningful action is evidenced through increasing ‘people movements’ and calls for better representation.
Through local government declarations of climate emergency and implementation plans, local businesses supplying government, and local communities that are served by them, will be first to witness the benefits.
The CostCarbon system offers businesses the opportunity to meet and exceed emerging sustainability and governance expectations and to provide responsible choices for consumers. The network effect across value chains brings radical efficiency to small- and medium-sized enterprises and thus competitive advantage that traditionally they do not enjoy.
Initially we seek a partner who shares our vision, and our optimism that collective, concerted and targeted effort can avoid the worst case climate change scenarios. We invite you to help us take our CostCarbon to trial and implementation and support our efforts via CostCarbon to make an important contribution to a safer world.
Our approach is independent of business and government, not motivated by profit, and not owned in a conventional sense. It represents a transparent set of rules, definitions and open source systems designed to enable and accelerate the implementation of diverse new economic theories and practice.
We seek a source of funds initially to enable us to complete our 7 year development phase by the end of 2022. The initial funds will be used to mature the system from Technology Readiness Level Six (TRL6) to TRL8 on a collaborative social infrastructure project, with international exposure.
By January 1, 2023 we will commence our seven year plan to halve waste in all forms such as emissions, resources and human potential.
We also invite individuals to become members of CostCarbon for the minimal cost of $1.67AUD each via our crowd fund here: https://gofund.me/9482f6e3
Peter Mulherin or Claudio Bozzi may be contacted via email to offer feedback, and to arrange a conversation, demonstration or workshop : email@example.com