Our Carbon Price API is your Carbon Price API
The beating heart of our Carbon Calculator is our Carbon Price API.
A quick explanation of APIs or Application Programming Interfaces if you want to get all fancy.
Developers and product teams use APIs to augment their offerings and services with new and wonderful features.
But, hey, why should you care?
Stay with us for a second. Our Carbon API is the first carbon tool that actually links your Ethereum carbon debt to the specific amount of DOV tokens you need to acquire to start your carbon offsetting journey with us.
That is compelling. That is strong.
Our calculator displays all the pretty numbers stuff, while our API is the beast that powers it. We encourage you to get under the hood and create new and exciting experiences.
Now, figuring all this carbon debt malarkey out and making sure that the underlying platform is stable and capable of dealing with a hefty volume of requests can be taxing.
As an example, did you know that the price of carbon is different all around the world? We have the EU ETS Price and the Global Carbon Index, just to name a couple.
To add insult to injury, the price of a tonne of carbon can range anywhere from $5 to $100. Getting to a global consensus isn’t really a thing.
This is a particularly sticky problem for companies trying to meet their Environmental, Social, and Governance (ESG) targets, especially if there’s a variance in cost of carbon from different providers.
With a low quote – less than $10 a tonne – one can assume that price sensitivity is prioritised above the real world traceable and auditable quality.
This can create friction as businesses feel the pressure in trying to meet internal targets and create a positive external narrative.
Business leaders need to be made of strong and decent stuff to ensure that carbon offsets are traceable, or perhaps find a balance that’s acceptable.
Onto the crypto side of things.
For every request, we need to keep an eye on the market price of a DOV token and check the total of all of your Ethereum transactions. It’s a little bit of juggling to make it as efficient as possible.
The thing is, you can’t just count the transactions; you’ll get a rough estimate, that isn’t good enough. The actual gas that an address has consumed over its lifetime is what matters.
So, with that in mind, we know that we cannot be 100% accurate in our estimates but like anything in life, we are always moving forward and striving to get better. We are growing. We are learning.
Progress before perfection.
As we continue down our path, we’re committed to continually improve our carbon price and offset estimations; integrating more price data from different sources to make our calculations as fair and accurate as possible.
Take a look at the documentation below.
We’re giving individuals and companies the power to create their own crypto carbon offsetting story.
This is where you come in. Feel free to hack away and create something wonderful and game-changing.
All we ask is if you use our API, do reach out to us or add a link back to dovu.earth
We’d really appreciate it, and who knows, there could be DOV tokens and partnerships aplenty in the near future.
Have any questions? Then join in the conversation on Telegram, Twitter and Discord.
Until next time. Let’s help heal our planet.