Your NET-ZERO is not far away
Image Source: Global CCS Institute
What is a Novoton?
Novoton is a certificate of ownership of 1 tonne of negative emission, achieved by the removal of a tonne of carbon dioxide from the atmosphere using at least one of both nature and technology based methods.
Every year we are releasing approximately 40 billion tonnes of carbon dioxide into the atmosphere. Our earth is heating up. There is already enough carbon dioxide in our atmosphere to pull the temperature of the earth north of 1.5 degree C over pre-industrial levels. There is absolutely no time & we must act fast. We need to quickly reduce the concentration of carbon dioxide in the atmosphere by removing carbon dioxide from the atmosphere as quickly as possible. Technology based solutions are fast but expensive, beyond commercial viability for many businesses. Nature based solutions are affordable but slow and will not server the purpose due to its low rate of carbon dioxide removal . None of the solutions can alone take us to net-zero.
We have created Novotons as a middle way between fast but expensive technology based solutions and affordable but slow nature based solutions.
Novotons make technology based solutions affordable & nature based solutions faster .
A Novoton is much more than just a certificate of ownership of a tonne of negative emission. We have created the Novoton to make an impact by accelerating the development of a carbon removal ecosystem by helping carbon removal technologies scale simultaneously, and in the process help the world reach net-zero in a timely manner.
A Novoton is a transferable token or a certificate, that provides the holder, ownership of a tonne of negative emission or in other words, the credit of removing one tonne (1 Tonne) of carbon dioxide from the atmosphere, as a step towards reversing or mitigating climate change.
A Novoton is generated when a tonne of carbon dioxide is removed from the atmosphere and sequestered by Novonanmek, using not one but more than one carbon removal and sequestration methods, at least one of which is a technology-based method.
Novotons are generated by Novonanmek but can be transferred from Novonanmek to an emitting company, an intermediary (e.g., an agent or a bank) or an Individual and also from an emitting company, an intermediary or an individual to another, thus transferring the ownership of the negative emission from one entity to another.
Sale of Novotons will create a significant environmental impact and will help develop a carbon removal ecosystem as it will help scale not one but many carbon removal solutions.
Novotons are priced optimally, between expensive but quick technology based solutions and affordable but slow nature based solutions
A Novoton is a portfolio in itself giving you access to a range of carbon removal solutions in a single removal unit.
"We have created the Novoton to also help business access high quality, expensive but unavoidable technologies like the Direct-Air-Capture (DAC), which are otherwise currently beyond commercial viability" - Arnab Sinha, Founder @ Novonanmek
Every year we emit approximately 40 Gigatons of Carbon Dioxide into the atmosphere. As per IPCC special report we have to remove 100-1000 Gigatons of Carbon Dioxide form the atmosphere in this century.
"We have come to the conclusion that no single method will take us to net-zero, but we must choose a portfolio of solutions. Tech-based solutions are fast but expensive. Nature based solutions are affordable but slow and time is not on our side. We have created the Novoton to arrive at a point somewhere between fast but expensive technology based solutions and affordable but slow nature based solutions. Finally we included a whole portfolio of solutions in a Novoton"
- Arnab Sinha, Founder @Novonanmek
How Novotons make a significant impact?
Novotons make an impact by helping carbon removal technologies, companies and start-ups scale thereby creating a carbon removal ecosystem.
As Novonanmek outsources carbon removal, whenever a Novoton is bought, we outsource the removal of a tonne of carbon dioxide from the atmosphere to companies, start-ups and technologies removing carbon dioxide from the atmosphere via one or more of biological, geotechnical or technological means. The moment you buy one or more Novoton(s), the money you pay to purchase Novoton(s) gets distributed according to the composition of the Novoton you have chosen, to start-ups, companies or technologies removing carbon dioxide directly from the atmosphere, helping them scale and eventually making quick carbon removal commercially viable.
As more and more Novotons are adopted by businesses to offset their emissions, many carbon removal technologies, start-ups and companies scale simultaneously, making a very significant impact globally.
Thus, buying Novotons helps develop a global Carbon Removal Ecosystem.
Summarily, if your are buying a Novoton, you are not only removing your own residual, unavoidable and historic emissions, but also making a significant impact by helping a range of carbon removal startups & companies to scale up and thrive and therefore helping the world reach net-zero in a timely manner.
Buy Novotons in 3 Steps
Get your emissions (Scope 1, 2, and 3) calculated in tonnes
Get in touch with us. Get a contract signed with us for purchase of Novotons
Get monthly/quarterly report of carbon removed by us on your behalf from us. Get an audited report at the end of the year to match Novotons purchased and tonnes of carbon dioxide removed by us.
Does Novonanmek have its own carbon removal technology?Yes. For details please check the technology page or write to us.
At what price can Novotons be transferred?Novotons can be transferred only at the current price of the Novotons, which will be publicly displayed on our website.
How is the price of Novotons determined?Novoton is a certificate of ownership of a tonne of negative emission, achieved by the removal of a tonne of carbon dioxide from the atmosphere using at least one of both nature and technology-based methods, but the pricing of Novotons is much more than the sum of the cost of its components. Currently, the price of Novotons depends on one or more, but not limited to the following factors: - Carbon dioxide removal methods - Supplier Country - The contribution of each of the chosen removal methods in the Novoton - Novonanmek's purchase frequency and quantity - Novonanmek's payment terms with its suppliers - Delivery schedule of removal units from Novonanmek's suppliers - Our charges The above factors have been optimized by Novonanmek to arrive at an optimal price that is commercially viable for businesses and at the same time allows fast and expensive removals like those from Direct-Air-capture, to be included in the Novoton.
Why should businesses prefer Novotons over single-method removals?Apart from crediting businesses with ownership of negative emission, Novotons are assets; increase the company's value over time Money spent on Novotons are not expenditures that eat away a business's profits but bypasses the company's P&L and shuttles between its cash flow and assets section in the balance sheet. Unlike any other single method removals, Novotons provide the company with a portfolio of Solutions Novotons allow businesses to optimally offset their emission and provide a way for the world to remove carbon dioxide from the atmosphere using an optimal combination of carbon removal solutions. Novotons give businesses access to expensive but unavoidable technology based removals like Direct-Air-Capture, which are otherwise not economically viable Novotons the business make an impact by facilitating the development of a carbon removal ecosystem
Can Novotons be considered assets?Yes, as the Novotons are transferable. Eventually, the price of Novotons would be driven by demand and since there will only be a limited number of Novotons in circulation, and also looking at the substantial value it delivers, it is expected that there will be a substantial rise in the price of Novotons.
Why is Novonanmek selling the Novoton and not its own removal credits?We at Novonanmek believe, and it is also established, that no single carbon removal solution can take us to net-zero. One just cannot choose one method or technology and reject others. Every carbon removal method or technology is complementary to other methods or technologies. There is no single method solution to reach net-zero, there is always a portfolio of solutions. This led us to the creation of the Novoton.
How do we know that Novonanmek has removed as many tonnes of carbon dioxide as the number of Novotons it has sold?At the end of the financial year, Novonanmek shall publish an audited report of the total number of Novotons sold in a year on a pro-rata basis and total number of tonnes removed by outsourcing carbon removal to its suppliers.
How does Novotons help increase valuation of the company holding them?Novotons are transferable and eventually the price of Novotons will be driven by demand. Since there will only be a limited number of Novotons in circulation, and also looking at the substantial value it delivers, it is expected that there will be a substantial rise in the price of Novotons. Hence Novotons are assets and will sit on the asset side of the balance sheet. Thus, the number of Novotons held by the company will substantially contribute to the company's value. Money spent on Novotons bypasses the company's P&L and shuttles between its cash flow and assets section in the balance sheet.
What is the composition of the Novoton?The composition of carbon dioxide removal methods employed in achieving a tonne of negative emission for the generation of the Novoton is continuously adjusted to balance the cost & removal time of the Novoton and to keep the price stable for the longest possible period of time and hence is dynamic in nature. Thus, there is no "one composition". Also, the way we arrive at a composition of carbon dioxide removal methods for the generation of a Novoton is proprietary, a trade secret of Novonanmek Material Sciences Private limited and thus cannot be revealed.
How many types of Novotons are there?There are 5 types of Novotons characterized by the time the tonne of carbon dioxide represented by the Novoton takes to be removed from the atmosphere. When a particular Novoton is purchased, tonne(s) of carbon dioxide represented by one or more of that particular Novoton will be removed from the atmosphere in the time that characterizes the particular Novoton. For e.g. Tonnes(s) of carbon dioxide represented by Novoton-10, irrespective of the numbers purchased, will be removed from the atmosphere within a period of 10 years from the date of purchase. There are 5 Types of Novotons: Novoton-0, Novoton-5, Novoton-10, Novoton-15 and Novoton-20. The tonne(s) of carbon dioxide represented by one or more Novoton-0 have already been removed from the atmosphere.
Are Novotons transferrable?Yes. Novotons are transferrable, but there is a lock-in period of 10 years. Novotons can be sold only after the passage of 10 years from the date of its issue.
How does Novonanmek remove carbon dioxide from the atmosphere and sequester it?Novonanmek removes carbon dioxide from the atmosphere by outsourcing the removal to its suppliers and also by removing and sequestering carbon dioxide using its own technology.
Will Novotons be limited in number?Yes. There shall be no more than 1 billion Novotons.
Who are the suppliers of Novonanmek?Suppliers of Novonanmek are the technology companies to whom Novonanmek outsources carbon removal. The details of the supplier companies/projects is listed in this website.
How can Novotons help the world reach net-zero in an optimal way?Novotons provides a "stencil" or a "framework" that facilitates carbon removal optimally by balancing cost and time of carbon removal. The tonne of negative emission making up the Novoton is a composition of quantities of emissions removed via more than one technology or method, in which one of the methods is a purely technology based method. The composition, which is the "stencil" or the "framework", has been carefully chosen to optimally balance the cost and time (we must understand that we do not have much time to start substantially reversing climate change) to drive optimal carbon removal. When the world goes for more and more Novotons, the "stencil" would automatically help carbon dioxide removal in an optimal manner. Novotons provide a way for the world to remove carbon dioxide from the atmosphere using an optimal combination of carbon removal solutions.