Local Loop

Today's city population is confronted with several problems: the struggle to live a responsible and healthy life among ever rising costs of living, starving local businesses due to an inability to compete with online markets and corporate giants leading to the death of neighbourhoods and communities, and the threat of earthly hell due to a changing climate.

By democratising carbon emission trading and paying out rewards using a local currency, we provide a system to the inhabitants with which they are empowered to solve these issues sustainably. We create a cashflow which keeps the value within communities by allowing for digital payments without any fees attached and creating a monetary vehicle targeted towards small local businesses. These businesses may exchange one of our points for one Euro, though there is an 5% conversion fee attached so that the local cashflow may rarely be interrupted. The buying-power is received through trading your avoided carbon emissions via a climate-fund to organisations with net-positive emissions.

Furthermore, people will be encouraged to behave in an eco-friendly way through sharing vehicles, preferring bikes to cars, increase the city's biodiversity, and many more in order to receive buying-power and level up in-app statistics.

This is already a proven concept, however, historically has been practised in rather rural regions than be integrated into metropolitan life.