Track the Carbon Footprint estimate
According to the categories that are assigned to your expenses, either by monthly total or by category, you get an overview of the impact of your activities on the planet.
Know which of your expenses have the most impact on the planet
Understand what is the estimated translation of your spending into miles traveled, plastic bags, and trees cut down.
Analyze the CO2E emissions of your expenses
In the moey! app you can see an estimated Carbon Footprint, by transactions, categories and by months, which is displayed in kgs of CO2e (carbon dioxide equivalents). This estimate is calculated exclusively based on the spending category of your transactions.
moey! Green helps you to become greener
Get access to several tips to become more eco-friendly, which can help you change some of your habits.
Learn more about the moey! Carbon Footprint
What is the Carbon Footprint?
Your Carbon Footprint reflects the impact you are having on the planet. The Carbon Footprint in the moey! app is displayed as a unit of CO2e (carbon dioxide equivalents) and emissions calculations include the greenhouse gases included in the Kyoto Protocol:
- Carbon Dioxide (CO2)
- Methane (CH4)
- Nitrous Oxide (N2O)
- Hydrofluorocarbons (HFCs)
- Perfluorocarbons (PFCs)
- Sulfur hexafluoride (SF6)
To make it easier to read, the Carbon Footprint estimate in the moey! app is also presented in other measurement units. This way you can know that the greenhouse gases emitted by your spending are equivalent to miles driven, plastic bags used and trees cut down.
What is the purpose of tracking the Carbon Footprint?
Knowing our carbon emissions is essential to reduce them and thus slow down global warming, improving the quality of life of our generation and future generations. With the moey! app you can now track an estimate of your Carbon Footprint according to the categories that are assigned to your expenses and consult tips that can help you be more eco-friendly.
How is the Carbon Footprint calculated?
moey! uses a service from fintech Meniga called "Carbon Insight" to estimate your Carbon Footprint. "Carbon Insight" contains an estimate of the Carbon Footprint of about 80 spending categories and is designed to empower people in environmental issues by helping them become more aware of their own Carbon Footprint and letting them know its composition by spending categories.
The database that powers Carbon Insight and stores all the data about the Carbon Footprint of spending categories is called the "Meniga Carbon Index". To create the "Meniga Carbon Index" scientific research and databases that detail the flow of goods and services between regions and countries are used, as well as publicly available data on private consumption and the Carbon Footprint of goods and services.