STEPN, known for its catchy slogan “Earn by walking,” has gained popularity for its carbon-neutral philosophy. This article explores the hypothetical CO2 reduction based on the distance walked by STEPN users.
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Official Data from STEPN
According to STEPN’s official website, the platform has purchased 14,000 tons of CO2 credits through NORI. This purchase likely correlates with the total distance walked by users.
However, apart from this purchase, there should be a large amount of CO2 reduction as people change car use etc to walking. Let’s find out about it!
Estimating CO2 Reduction from Walking
STEPN users have collectively walked 200 million kilometers.(by 2023) Assuming this distance would have been traveled by car (fuel efficiency of 20 km/L), it equates to saving 10 million liters of gasoline. Since burning 1 liter of gasoline emits approximately 2 kg of CO2, this results in a reduction of 20,000 tons of CO2.
• Distance walked by STEPN users: 200 million km
• Fuel efficiency: 20 km/L
• Gasoline saved: 10 million L
• CO2 reduction: 20,000 tons (2 kg CO2 per L of gasoline)
Assuming CO2 credits trade at 10,000 yen per ton, this reduction could be worth 200 million yen or 2 million dollors approximately.
Detailed Calculation
For those interested in the specifics:
• Gasoline density: 0.75 kg/L
• Carbon content in gasoline: 12/14 by weight
• CO2 produced: 750g × 12/14 × 44/12 = 2360g per L of gasoline
This method confirms the rough estimate of CO2 reduction.
Conclusion
While the actual impact may be less due to various factors, STEPN’s philosophy aligns with carbon neutrality. The potential for significant CO2 credit revenue exists if the user base grows. However, achieving this will require navigating complex credit certification processes. Despite these challenges, STEPN’s commitment to carbon neutrality remains promising.
C-Owl Project
Although recent updates on STEPN’s partnership with Nori are scarce, the SUMIOwl project aims to integrate NFTs with carbon credits. Given Japan’s annual per capita CO2 emissions of approximately 10 tons, this initiative could attract interest from those looking to offset their carbon footprint.