TECH & INNOVATION: Toco turns local economic activity into environmental wealth
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GUEST - Paul Rowett - co-founder of Toco
Local resident and businessman Paul Rowett, along with associates Joe Pretorius and Niel Schoeman, have found a solution for communities such as Stellenbosch’s to work together to reduce their carbon footprint by creating a currency called Toco. The initiative removes carbon from the atmosphere and supports global efforts to halve carbon emissions by 2030.
Toco is short for ton of OCO, the molecular formula for carbon dioxide. The platform enables easy climate action by turning everyday purchases into carbon reductions. Each Toco represents one ton of carbon dioxide removed from the atmosphere, and which has been independently verified as carbon-emission reductions. It can be used to pay for services and products, or to count achieved carbon reductions.
Local resident and businessman Paul Rowett, along with associates Joe Pretorius and Niel Schoeman, have found a solution for communities such as Stellenbosch’s to work together to reduce their carbon footprint by creating a currency called Toco. The initiative removes carbon from the atmosphere and supports global efforts to halve carbon emissions by 2030.
Toco is short for ton of OCO, the molecular formula for carbon dioxide. The platform enables easy climate action by turning everyday purchases into carbon reductions. Each Toco represents one ton of carbon dioxide removed from the atmosphere, and which has been independently verified as carbon-emission reductions. It can be used to pay for services and products, or to count achieved carbon reductions.