Upstream is proud to offer racers the opportunity to race in neutral by purchasing carbon removal units and linking the units to their personal digital racecar for a transparent and immutable record of sustainability.
Each race car has a unique QR code assigned to it. Simply print out and stick the QR code to your car for everyone to view your carbon removal purchase history. Every liter counts!
Race Without A Trace™ is a trademark registered at the European Union Intellectual Property Office as #019021989 .
Upstream offers a secure one-stop-shop for racers to easily buy authenticated carbon removal units.
Upstream streamlines the process with in-app wallet creation, account funding using credit/debit card, bank transfer and USDC.
Carbon removal units are stored forever on the Upstream blockchain and are implemented using an Ethereum Non-fungible Token (NFT) Standard.
Upstream is integrated with Stripe Climate , founders of Frontier .
Upstream carbon removal unit purchases are facilitated by Frontier, an advance market commitment (AMC) to buy $1B+ of permanent carbon removal by 2030. Frontier’s in-house team of science and commercial experts, supported by 60+ external technical reviewers, sources and evaluates the most promising carbon removal technologies.
Every Upstream carbon removal purchase is proven using a digital proof of payment, stored on the Upstream blockchain - forever.
During a race weekend, a car may consume ~200 liters of petrol.
Burning 1 liter of petrol emits ~2.35 kilograms of CO₂ . Therefore, 200l X 2.35kg=470kg of CO₂, which at $0.58* per kg of CO₂ removal, means that it costs $271 to remove this race events’ emissions.
*It currently costs $550 per metric ton of carbon removal from Frontier (i.e., $0.55/kg), plus a 2.91% Stripe Climate transaction fee, plus a 2% Upstream transaction fee, making $0.58/kg.
The proof-of-purchase receipt will be saved to your Upstream portfolio and you will receive a pop-up message once you’ve successfully purchased the Carbon Removal Units.
You can use your QR-Code to create a sticker to display on your car.