Include the Circularity of Carbon Credits in the Food System
The City of Guelph already produces carbon offset credits by capturing methane from its landfill. To leverage those credits, we’re exploring the possibility of developing a carbon-backed digital social currency. Using blockchain technology or a similar distributed ledger technology, we’ll create a currency that can be traded at the local level to increase awareness and reward sustainable food choices.
We’re also examining the feasibility of aggregating carbon credits from food and beverage companies. Our vision is to sell those credits and then use the proceeds to fund further waste-reduction initiatives within the processing sector.