FAQ
Questions about Climatefunded
Short answers to the questions people ask most.
Frequently asked questions
What is Climatefunded? +
Climatefunded is a crowdfunding platform for climate action. It lets people and organizations fund causes that delete EU emission allowances and prevent emissions.
How does Climatefunded work? +
You fund a cause, the site updates immediately, Climatefunded buys EU emission allowances through Minpact, and Minpact deletes them.
What is an EU Emission Allowance? +
It is a legal permit to emit under the EU Emissions Trading System.
Why does deleting a permit prevent emissions? +
Once a permit is deleted, it can never be used. That removes the legal right to emit that amount.
What does 1 kg funded = 1 kg prevented mean? +
Funding 1 kilogram on Climatefunded prevents 1 kilogram of emissions through permit deletion.
What do funders receive? +
Funders receive certificates and leaderboard placement.
Why can the amount change with price? +
Climatefunded uses EU Emission Allowance pricing through Minpact, so the amount represented by a currency contribution depends on the active price.
Where does the money go? +
Climatefunded uses funding to buy and delete EU emission allowances through Minpact. Revenue from the permits also supports EU climate programs.