SYSTEM AND METHOD FOR MONETIZING BIO-BASED CO2 UPTAKE

Fecha de publicación: 25/01/2021
Fuente: WIPO "hemp"
A method for converting the ecologica) value of bio-based processes (such asgrowth, harvest, distribution, processing and/or recycling) with CO2 positive effects intoeconomic value through the sale of CO2 allowances, the method comprising the stepsof first calculating a total weight of CO2 uptake by multiplying a standard weight of theCO2 uptake per season of growth per surface unit of land area assigned for the growthof a crop, such as industrial fiber hemp, by the total surface of the area, thenestablishing a price per weight unit of CO2 and finally multiplying the established priceby the calculated total weight of the CO2 uptake.