End of Life Vehicle (ELV) Credits are another one of @dovuofficial's innovative sustainable offerings on their platform.
Individuals and Organizations can purchase them to offset their Carbon footprint. They provide a tangible way to demonstrate commitment to sustainability through responsible ELV recycling. ♻️
Currently live on https://t.co/LSV7bsREPu is the Sustainable End-of-Life Vehicle Scrapping Program supported by the Government of India. 🇮🇳
Enhancing market transparency and traceability, an ELV Credit represents the environmental impact of processing an End-of-Life Vehicle (ELV) through a Registered Vehicle Scrapping Facility (RVSFs), which is authorised by the Government.
Each Credit is uniquely linked to an individual ELV backed by multiple traceability data points. This, in turn, enables consumers to see the direct sustainable environmental impact of their purchase.🥬
The carbon emission avoidance values vary depending on the specific ELVs characteristics and recycling outcomes.
‘Dovu have built their platform to be the infrastructure of digital green credits at scale’.
India has close to 20 million vehicles approaching their end of life, with only 0.1% of those vehicles finding their way to official scrapping channels. 🚗
Unofficial scrapping facilities contribute to environmental harm and health risks by releasing hazardous substances into the land and atmosphere. ⚠️
The re-sale of unfit car parts also endangers vehicle safety and reliability, increasing the risk on roads to public health.
With a Registered Vehicle Scrapping Facility (RVSFs), environmentally friendly scrapping is ensured, with correct disposal of harmful elements and waste management. 🚮
The Indian Government is promoting the establishment of RVSFs adhering to environmental standards. However, the costs of addressing compliance, managing ELV waste and handling hazardous materials and unfit components creates difficulties for businesses to compete in the market.
Meta Materials Circular Markets (MMCM) is addressing this issue by introducing carbon credits to the ELV market with their Sustainable End-of-Life Vehicle Scrapping Program supported by the Indian Government.
MMCM has been formed by two Indian giants (MTC Group and NeML) to accelerate the country’s race towards net zero with DOVU’s innovative technology at the foundation utilising the @hedera Guardian.
ELV Credits will create a new revenue stream for businesses, therefore making it financially viable to adhere to environmental standards and in turn encouraging sustainable practices within the ELV industry.
Minted on Dovu’s platform these credits offer a transparent registry that traces their journey from inception to retirement.
$DOVU for sustainability 🥬⚡
#Sustainability #Recycle #India #Innovation #Hedera #HederaGuardian #Dovu #TheFutureisGreen #GreenEnergy
📸PackInu NFT holder snapshot!📸
🎫A snapshot will be taken of PackInu Silver, Gold, Diamond and Early Supporter NFT owners. The listed NFTs will also be included.🎫
🕑Snapshot time:MAY 25, 2024, 7:00 PM (UTC)
⚠️Don't forget to associate:
🐶$PACKINU 0.0.5717037
🎒$PACK 0.0.4794920
#PACKINU #PACK #NFT #HEDERA #MEME #HASHPACK #DAVINCI $PACK
.@hashpack, the leading wallet in the Hedera Hashgraph ecosystem with the objective of offering the best user experience in web3, is coming to #MEXCKickstarter 🚀
🗳Vote with $MX to share massive airdrops
📈 $PACK/USDT Trading: 2024-05-22 15:00 (UTC)
Details: https://t.co/jeRWiPf91G
Peeps are hiding something 🤔
They are slowly coming to life to tell their stories 👀
Original stories never heard or told before that are going to pleasantly surprise the world 🥳
Stay tuned 🐥🌊
📈We are unstoppable!📈
🔥We will burn 10M $PACKINU tokens every day until $PACK launches!🔥
🔥Today's burn has already happened on
@davincigraph!🔥
⚠️If this post reaches 50 reposts, we will burn 500M $PACKINU tomorrow!⚠️
#PACKINU#PACK#NFT#HEDERA#MEME#HASHPACK#DAVINCI $PACK