Eco Finance 🌱💰 A financial tracking platform designed to monitor and reduce carbon footprints through personal spending habits. 🌍 Overview With Malaysia set to introduce a carbon tax in 2026, Eco Finance aims to help individuals track and reduce their carbon footprint through daily spending insights. Many Malaysians are aware of sustainability issues, but visualizing personal impact is a challenge—Eco Finance solves this by linking financial transactions to carbon emissions. 🔍 How It Works By integrating with OpenFinance API, Eco Finance calculates carbon footprints using: 🛒 Merchant Category Codes (MCCs) from transactions 🌱 Emission Factor (CO2 in kg/RM) per merchant type 📊 Formula: CO2 (kg) = MCC Factor × Amount Spent Example: Spending RM100 at a store with 0.5 kg CO2/RM → 50 kg CO2 footprint. 💰 Monetizing Carbon Credits We generate carbon credits from users’ low-carbon spending habits and sell them on the Bursa Carbon Exchange (BCX). Companies like Petronas & Maybank purchase these credits to offset emissions, while users get rewarded for sustainable spending. 🌱 Encouraging Eco-Friendly Spending By rewarding low-carbon purchases, Eco Finance helps Malaysians adopt greener habits—turning sustainability into savings. 🔗 Project Prototype Developed in 24 hours at PayHack 2024, this prototype demonstrates the potential of fintech-driven climate solutions. ➡️ https://jienweng.netlify.app/blog/eco-finance/ 🚀 Impact & Future Potential Malaysia’s net-zero goals demand innovative ESG solutions. Eco Finance connects finance and sustainability, creating an ecosystem where consumers, businesses, and the environment all benefit.