The world’s first credit card with a carbon limit

Doconomy, a Swedish fin-tech start-up for everyday climate action is now launching the world’s first credit card with a carbon footprint limit, DO Black. DO Black not only helps users track and measure CO2 emissions associated with their purchases, but also puts a limit to the climate impact of their spending. Users can now sign up to register interest for DO Black.

Doconomy has worked with Mastercard to develop this tool for consumers wanting to act against climate change. DO also invites the user to offset their carbon foot print through projects meeting the criteria of United Nations certified green projects. In simple words, the first card ever to prevent consumers from exceeding their limit, not based on credit, but on levels of CO2 emissions caused by their consumption.

“We all need to come to terms with the urgency of the situation and rapidly move towards more responsible consumption. With DO Black there is no more excuses. Through our collaboration with UNFCCC and Mastercard, DO will enable people to do their part to contribute to the carbon reduction goals of 2030 and onwards”, Nathalie Green, CEO at Doconomy, says.
To meet the goal of the Paris Agreement and avoid an irreversible climate crisis, global greenhouse gas emissions will need to be cut by half by 2030. The average citizen in Sweden counts for 10 tons of CO2 emissions with approximately 60% linked to their consumption.

“Many companies are already taking steps to lower their emissions, and to create a more sustainable and resilient future. People are also thinking about the environment in their daily lives, including making more informed decisions about what they buy. That’s why we are pleased to welcome this initiative being undertaken by Doconomy,” Patricia Espinosa, UNFCCC Executive Secretary, says.

This is where DO and the innovative Black card contribute to a more sustainable future. The new card from Doconomy will help users track their climate impact and meet the target of reducing consumption related CO2 with 50% per person calculated by country. The purpose of DO Black is to ensure behavioural change, and act as a new, radical and innovative tool to protect the planet.

“We are proud to be part of this bold initiative that aims to reshape the way we consume. For a more sustainable way of life, radical changes are required, and we believe that this initiative with Doconomy and UNFCCC truly has the power to engage consumers and make a difference”, Erik Gutwasser, Head of Nordics and Baltics Mastercard, says.
The support from Doconomy and Mastercard enhances the work against climate change and can help mitigate the environmental impact of consumption on a global scale, aligning also with the UN Sustainable Development Goals.

Read more about DO Black at: https://doconomy.com/black

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