Automated transactional carbon offsetting
Methods, including service methods, articles of manufacture, systems, articles and programmable devices are provided for linking and utilizing monetary and carbon credit accounts through a programmable arbitrating device providing a transaction interface to the buyer. A composite price is set for an item having a monetary portion and a carbon credit portion, a buyer executing a purchase of the item through an input to the arbitrating device transaction interface, the arbitrating device automatically charging a monetary payments from the buyer's monetary account, carbon credit payments from the buyer's carbon credit account, a difference between the payments and the composite price debited to the buyer's carbon credit account balance for a monetary value of the difference as a function of a monetary-carbon exchange rate, or to the buyer's monetary account for a carbon credit value of the difference as a function of the monetary-carbon exchange rate.
1. A method for linking and utilizing monetary and carbon credit accounts in consideration of a transaction, comprising:
a programmable arbitrating device providing a transaction interface to a buyer that links a monetary account of the buyer to a carbon credit account of the buyer; and
the arbitrating device automatically executing a purchase of an item offered for sale to the buyer by a seller at a composite price that has a monetary portion and a carbon credit portion, in response to an input of the buyer to the arbitrating device transaction interface as a function of a monetary-carbon exchange rate, by:
comparing the monetary-carbon exchange rate to a rate threshold;
in response to the monetary-carbon exchange rate meeting the compared rate threshold, charging a first monetary payment from the buyer's monetary account, charging a first carbon credit payment from the buyer's carbon credit account and converting a first amount of a balance of a selected one of the monetary and carbon credit account to generate a first converted monetary/carbon credit payment as a function of the monetary-carbon exchange rate, so that a percentage of a monetary payment amount relative to a carbon credit payment amount in a total of the first monetary payment, the first carbon credit payment and the first converted monetary/carbon credit payment satisfies a specified carbon credit/monetary proportion that is associated with the rate threshold; and
in response to the monetary-carbon exchange rate not meeting the compared rate threshold, charging a second monetary payment from the buyer's monetary account that is different from the first monetary payment, and charging a second carbon credit payment from the buyer's carbon credit account that is different from the first carbon credit payment.
2. The method of claim 1 , wherein the total of the first monetary payment, the first carbon credit payment and the first converted monetary/carbon credit payment, and a total of the second monetary payment and the second carbon credit payment, are each less than the composite price by a remainder amount; and
wherein the method further comprises:
the arbitrating device causing the seller to subsidize the remainder of the composite price by automatically requiring the seller to debit at least one of:
a monetary subsidy account of the seller for a monetary value of the remainder; and
a carbon credit subsidy account of the seller for a carbon credit value of the remainder;
and
wherein the arbitrating device is configured to automatically cause the seller to subsidize the remainder without requiring a further action by the buyer.
3. The method of claim 2 , further comprising the arbitrating device automatically determining at least one of:
the monetary value of the remainder from a carbon credit value of the remainder as a function of the monetary-carbon exchange rate; and
the carbon credit value of the remainder from a monetary value of the remainder as a function of the monetary-carbon exchange rate.
4. The method of claim 2 , further comprising the arbitrating device automatically financing at least one of:
the debiting of the seller's monetary subsidy account by automatically selling carbon credits from the seller's carbon credit subsidy account to a carbon credit purchasing entity in communication with the arbitrating device as a function of the monetary-carbon exchange rate and crediting proceeds into the seller's monetary subsidy account, wherein the proceeds equal the debiting of the seller's monetary subsidy account; and
the debiting of the seller's carbon credit subsidy account by automatically purchasing carbon credits from a carbon credit supplier entity in communication with the arbitrating device as a function of the monetary-carbon exchange rate, wherein the purchased carbon credits equals the debiting of the seller's carbon credit subsidy account.
5. The method of claim 4 , further comprising a service provider providing the arbitrating device.
6. The method of claim 5 , wherein the buyer's monetary account and the buyer's carbon credit account are established by a credit card provider as separate sub-accounts in the buyer's name.
7. The method of claim 5 , further comprising the arbitrating device communicating with the carbon credit supplier entity or the carbon credit purchasing entity through a Transmission Control Protocol/Internet Protocol link.
8. The method of claim 5 , wherein the arbitrating device is a fuel pump, the method further comprising:
sending a signal to the carbon credit supplier entity or the carbon credit purchasing entity in response to a fueling activity by a pump user;
mapping the signal to a fueling observation; and
setting an amount of carbon credits of the total consideration relative to an amount of monetary value of the total consideration as a function of the mapping.
9. The method of claim 8 , wherein the fueling activity is:
presenting an account card associated with at least one of the buyer's monetary and carbon credit accounts to a pump interface;
turning on the pump;
selecting a fuel grade; or
operating a fuel pump spout; and
wherein the fueling observation is:
a quantity of fuel purchased;
a kind of fuel purchased;
a time of day of fueling;
a temperature;
an elapsed time the pump user operated the fuel pump spout; or
an elapsed time the pump user left the fuel pump spout in a vehicle tank.
10. An article of manufacture, comprising:
a computer readable tangible storage device having computer readable program code embodied therewith, the program code comprising instructions which, when executed by a computer processing unit, cause the processing unit to:
link a buyer's monetary account and a buyer's carbon credit account and to provide a transaction interface to a buyer; and
execute a purchase of an item as a function of a monetary-carbon exchange rate in response to an input from a buyer via the transaction interface, the item offered for sale to the buyer by a seller at a composite price having a monetary portion and a carbon credit portion, by, without requiring a further action by a buyer or a seller, automatically:
comparing the monetary-carbon exchange rate to a rate threshold;
in response to the monetary-carbon exchange rate meeting the compared rate threshold, charging a first monetary payment from the buyer's monetary account, charging a second carbon credit payment from the buyer's carbon credit account and converting a first amount of a balance of a selected one of the monetary and carbon credit account to generate a first converted monetary/carbon credit payment as a function of the monetary-carbon exchange rate, so that a percentage of a monetary payment amount relative to a carbon credit payment amount in a total of the first monetary payment, the first carbon credit payment and the first converted monetary/carbon credit payment satisfies a specified carbon credit/monetary proportion that is associated with the rate threshold; and
in response to the monetary-carbon exchange rate not meeting the compared rate threshold, charging a second monetary payment from the buyer's monetary account that is different from the first monetary payment, and charging a second carbon credit payment from the buyer's carbon credit account that is different from the first carbon credit payment.
11. The article of manufacture of claim 10 , wherein the total of the first monetary payment, the first carbon credit payment and the first converted monetary/carbon credit payment, and a total of the second monetary payment and the second carbon credit payment, are each less than the composite price by a remainder amount; and
wherein the program code instructions, when executed by the computer processing unit, further cause the computer processing unit to:
cause the seller to subsidize the remainder of the composite price by automatically, without requiring a further action by the buyer, requiring the seller to debit at least one of:
a monetary subsidy account of the seller for a monetary value of the remainder; and
a carbon credit subsidy account of the seller for a carbon credit value of the remainder.
12. The article of manufacture of claim 11 , the program code comprising instructions which, when executed by the processing unit, causes the processing unit to automatically determine at least one of:
the monetary value of the remainder from a carbon credit value of the remainder as a function of the monetary-carbon exchange rate; and
the carbon credit value of the remainder from a monetary value of the remainder as a function of the monetary-carbon exchange rate.
13. The article of manufacture of claim 11 , the program code comprising instructions which, when executed on the processing unit, causes the processing unit to automatically finance at least one of:
debiting of the seller's monetary subsidy account by automatically selling carbon credits from the seller's carbon credit subsidy account to a carbon credit purchasing entity in communication with the computer system as a function of the monetary-carbon exchange rate and crediting proceeds into the seller's monetary subsidy account, wherein the proceeds equal the debiting of the seller's monetary subsidy account; and
debiting of the seller's carbon credit subsidy account by automatically purchasing carbon credits from a carbon credit supplier entity in communication with the computer system as a function of the monetary-carbon exchange rate, wherein the purchased carbon credits equals the debiting of the seller's carbon credit subsidy account.
14. A programmable device comprising:
a processing unit;
a computer-readable memory in communication with the processing unit;
a tangible computer-readable storage device in communication with the processing unit; and
a network interface in communication with the processing unit and the memory;
wherein the processing unit, when executing program instructions stored on the tangible computer-readable storage device via the computer-readable memory:
links a buyer's monetary account and a buyer's carbon credit account and provides a transaction interface to a buyer; and
executes a purchase of an item as a function of a monetary-carbon exchange rate in response to an input from a buyer via the transaction interface, the item offered for sale to the buyer by a seller at a composite price having a monetary portion and a carbon credit portion, by, without requiring a further action by a buyer or a seller, automatically:
comparing the monetary-carbon exchange rate to a rate threshold;
in response to the monetary-carbon exchange rate meeting the compared rate threshold, charging a first monetary payment from the buyer's monetary account, charging a first carbon credit payment from the buyer's carbon credit account and converting a first amount of a balance of a selected one of the monetary and carbon credit account to generate a first converted monetary/carbon credit payment as a function of the monetary-carbon exchange rate, so that a percentage of a monetary payment amount relative to a carbon credit payment amount in a total of the first monetary payment, the first carbon credit payment and the first converted monetary/carbon credit payment satisfies a specified carbon credit/monetary proportion that is associated with the rate threshold; and
in response to the monetary-carbon exchange rate not meeting the compared rate threshold, charging a second monetary payment from the buyer's monetary account that is different from the first monetary payment, and charging a second carbon credit payment from the buyer's carbon credit account that is different from the first carbon credit payment.
15. The programmable device method of claim 14 , wherein the total of the first monetary payment, the first carbon credit payment and the first converted monetary/carbon credit payment, and a total of the second monetary payment and the second carbon credit payment, are each less than the composite price by a remainder amount; and
wherein the programmable unit when executing the program instructions stored on the tangible computer-readable storage device, further:
causes the seller to subsidize a remainder of the composite price by automatically, without requiring a further action by the buyer, requiring the seller to debit at least one of:
a monetary subsidy account of the seller for a monetary value of the remainder; and
a carbon credit subsidy account of the seller for a carbon credit value of the remainder.
16. The programmable device of claim 15 , wherein the programmable unit when executing the program instructions stored on the tangible computer-readable storage device, further automatically determines at least one of:
the monetary value of the remainder from a carbon credit value of the remainder as a function of the monetary-carbon exchange rate; and
the carbon credit value of the remainder from a monetary value of the remainder as a function of the monetary-carbon exchange rate.
17. The programmable device of claim 15 , wherein the programmable unit when executing the program instructions stored on the tangible computer-readable storage device, further automatically:
debits the seller's monetary subsidy account by automatically selling carbon credits from the seller's carbon credit subsidy account to a carbon credit purchasing entity in communication with the programmable device as a function of the monetary-carbon exchange rate and crediting proceeds into the seller's monetary subsidy account, wherein the proceeds equal the debiting of the seller's monetary subsidy account; and
debits the seller's carbon credit subsidy account by automatically purchasing carbon credits from a carbon credit supplier entity in communication with the programmable device as a function of the monetary-carbon exchange rate, wherein the purchased carbon credits equals the debiting of the seller's carbon credit subsidy account.