CityRyde Inspire Software Turns Bike Rides Into Cash Through Carbon Credits
Monday, 30 August 2010
CityRyde is helping lead the way to cleaner, healthier cities by putting the right incentives in the market for biking. In a guest post below, CityRyde explains how they are turning bike trips into cash. In 2009, CityRyde, a Carbonfund.org Partner, launched Spark—the world’s first off-the-shelf software solution designed to manage bike sharing systems at universities, corporate campuses and small municipalities. Now our newest software application built upon Spark’s infrastructure named Inspire has arrived! Inspire turns bike share rides into cash through carbon credits. Inspire has been a work in progress by the CityRyde team over the last two years, backed by a robust carbon methodology which will remain in the voluntary market for now but scale into the compliance market by 2012. Inspire will undoubtedly become the gold standard for carbon credit tracking in sustainable transportation worldwide. Watch the audio/video tour of Inspire: www.inspiremobility.com/the-software A carbon credit is a financial instrument—a commodity—representing a reduction in greenhouse gas (GHG) emissions. One carbon credit represents the reduction of one metric ton of carbon dioxide, or its equivalent in another GHG. The worldwide carbon credit market exceeded $120 billion dollars in value in 2009 and explosive growth is anticipated into 2010 and beyond. CityRyde Inspire integrates with existing bike sharing backends to access the data needed to process Inspire’s proprietary algorithms and certify the carbon credits. Every time a bike share ride is proven to have displaced a carbon-emitting mode of transportation a portion of a carbon credit is generated and collected by CityRyde Inspire. Due to the stringent and all-inclusive measures, Inspire ensures in its data point aggregation methodologies that bike share operators will be able to instantly turn the carbon credits generated from daily program operations into cash. And bike rides are merely the first application—Inspire will scale into other sustainable transportation verticals into the future such as electric scooter, car sharing, etc. The possibilities are endless… Jason Meinzer, CityRyde COO & Co-Founder states, “Funding a bike share program is a recurring barrier to entry. Creating an additional revenue stream through the sale of carbon offset credits via Inspire will help alleviate such a financial burden, and make bike sharing in most any deployment environment that much more realistic and sustainable.” Contact CityRyde now at firstname.lastname@example.org to learn more…e.g., how Inspire could bring in close to one million dollars in carbon credits through a bike share program such as the Velib in Paris.