How Digital Twins Could Make A Success Of US Carbon Credits

By editor - Jul 06, 2021

America under President Biden has re-joined the 2015 Paris Agreement and pledged a $2 trillion four-year climate plan, but a workable Cap and Trade program is seen as pivotal if the USA is to go on and hit zero carbon emissions by 2050.

Cap and Trade is a program where ‘carbon credits’ are given to high polluting companies from governments and regulatory authorities, to ‘cap’ their emission of carbon dioxide or other greenhouse gases.

Any company exceeding the agreed cap is then taxed or they can ‘offset’ by buying credits from lower emission companies with credits to spare.

One Cap and Trade carbon credit is equal to one tonne of carbon dioxide and the overall number is intended to reduce over time, thereby incentivizing companies to cut their greenhouse gas emissions.

However, many in the USA are concerned that the program gives some companies too much leeway to emit more emissions, by buying up credits and simply charging more for their products and services. Those critics have called for a solution enabling both profit and emission reduction to work in synergy for both big and small companies.

Digital Twins could be that solution.

Cityzenith and its Digital Twin software platform SmartWorldOS can create virtual replicas of buildings and infrastructure to track, manage and optimize carbon emissions and minimize environmental damage, making emission reduction easily accessible and cost-effective.

Cityzenith founder and CEO Michael Jansen said: "Cap and Trade can work if industries have the technology and data to track and measure carbon emissions effectively so, instead of companies buying their way out of emission issues, they have the intelligence and data to lower both costs and emissions at the same time though the accuracy of Digital Twins.
"Our SmartWorldOS platform can handle massive data streams harnessed to cutting-edge AI We know the issues and have the capabilities to help solve them for industries across the US and worldwide."

Jansen added that Cityzenith's technology could also be a vital asset in reducing emissions across cities and urban areas – the focus of its 'Clean Cities - Clean Future' campaign:

"Despite covering only 2% of the Earth's surface, cities contribute to 70% of global carbon emissions while consuming 78% of the world's primary energy, of which we waste 67.5%. SmartWorldOS can provide the essential interconnectivity required to reduce these percentages."

To hear more from Cityzenith CEO Michael Jansen, please join an upcoming FREE investment webinar, ‘Investing in an AI Technology Platform for Sustainable Cities' taking place virtually on Tuesday the July 13th & 20th at 13:00 CT. To learn more about using emerging tech to combat Climate Change, please sign up here.

Oscars Performer Amrita Sen Interviewed By Dinis Guarda: “You Have To Be Very Intelligent With Your Art, There Is A Time To Share It And A Time To Guard It”

Aug 03, 2021

Jonathan Sims – CPO ENGIE/EQUANS – Carbon Neutrality, ESG, Change Management, Procurement & Businesses Challenges

Jul 30, 2021

NFT Studio and Marketplace INFLUXO Launches with a Collection Featuring Two-Time FIFA World Player of the Year, Ronaldinho

Jul 29, 2021

Tradeling Launches Fulfilment Centre in Dubai CommerCity to Further Expand its Operational Capabilities

Jul 28, 2021

From the Oscars to Bollywood: Dinis Guarda Interviews The Multitalented Amrita Sen On Her Career In Music, Film and Design

Jul 27, 2021

The COVID-19 Vaccination Effort: The Challenges of Managing a Partially-Vaccinated Workforce

Jul 26, 2021

Interview with LaMondre Pough, CEO of Billion Strong, Mentor, Recognized Leader for the Community of People with Disabilities

Jul 23, 2021

Interview with Richard Haigh, Managing Director at Brand Finance, BA from University of Oxford, Lecturer – “Bridging The Gap Between Marketing And Finance”

Jul 21, 2021

UKIIC And openbusinesscouncil Partner To Promote New Knowledge, Technologies And Innovation In The Industry

Jul 20, 2021

Prof Xiaolan Fu, Director of the Technology and Management Centre for Development TMCD – University of Oxford, Founder OxValue.AI

Jul 16, 2021