The first carbon account in China s road freight sector was launched on the Full Truck platform

Mondo Technology Updated on 2024-02-01

On June 5, World Environment Day, the digital freight platform Full Truck Group launched a "carbon account" for tens of millions of truck drivers, which is also the first driver carbon account system in China's road freight field.

The truck driver's carbon account is based on the application of blockchain technology in the vehicle and cargo matching scenario of the Full Truck platform, with functions such as carbon footprint accumulation, carbon emission calculation, and carbon grade display. This time, Full Truck Group opened carbon accounts for the first batch of more than 3,000 truck drivers on the platform, set up special funds, and issued green rights and interests to boost the effective transportation mileage and reduce the unit carbon emissions. It is estimated that these more than 3,000 drivers alone will reduce carbon emissions by 400 tons in a month on the Full Truck platform, which is equivalent to saving about 150,000 liters of diesel.

The road transport sector is considered to be the most important contributor to carbon emissions in the entire transportation sector, and the carbon emissions of China's road freight transport currently account for about 50% of the total emissions of the entire transportation sector. However, unlike urban transportation, road freight currently accounts for less than 3% of the mainstream heavy-duty trucks using clean energy, and improving transportation efficiency has become an important strategic direction for carbon emission reduction in the short term.

For a long time, the large number and small scale have directly led to the low efficiency of China's highway logistics, with the empty driving rate of more than 40%, coupled with the mismatch between supply and demand between vehicles and goods and the overall excess of transportation capacity, resulting in a large number of empty driving and inefficient transportation, which is also the biggest challenge to road carbon reduction. According to the analysis, if the empty driving rate of China's road freight vehicles can be reduced from the current 40% to 25% in developed countries, it will reduce carbon dioxide emissions by 60 million tons.

Guo Langbo, president of Full Truck Group, believes that the current transformation of the whole society to a low-carbon mode is mostly based on the joint efforts of the consumer side, and the supply side is mainly driven by demand. As an important supply of transportation capacity, truck drivers create a visible and cashable "carbon account" for them, which is to reduce the carbon emissions of the road freight industry from the operation side (supply side) of the industry, and drive the road freight industry to quickly achieve the realization of the industry's low-carbon mode.

Wang Dong, CTO of Full Truck Group, said that the basis for the launch of the carbon account is that Full Truck uses big data and algorithms with its own intellectual property rights to make the carbon emissions of platform drivers collectible, measurable and visualized. In the future, with the resumption of CCER (National Certified Voluntary Emission Reduction) within the year, the carbon assets in the driver's carbon account are expected to be further certified and tradable, forming an effective closed-loop business.

According to reliable calculations, in recent years, the full truck platform has reduced carbon emissions by 10 million tons, which is equivalent to saving 46 percent for drivers500 million liters of fuel, reducing fuel costs by 10,000-20,000 yuan per driver on average. From the perspective of social value, if a tree reduces carbon emissions by 18kg per year, the Full Gang platform is equivalent to planting about 500 million trees.

Industry insiders commented that improving efficiency through technological innovation is itself a carbon reduction behavior. The number of freight drivers in China has reached 17 million, which has immeasurable potential for emission reduction. With the launch of the carbon account of full truck freight drivers, the green development process of China's road logistics is expected to be further accelerated. Ren Haoxiang, vice president of the China Federation of Logistics and Purchasing, believes that Full Truck Group has pioneered the creation of a driver's carbon account on the platform, which will provide a new solution and technical path for the low-carbon development of road freight. At the same time, it is conducive to improving the awareness of energy conservation and carbon reduction of the majority of drivers and cultivating fuel-saving driving habits. Carbon inclusion is an innovative mechanism for green and low-carbon development, which links consumer-side emission reduction and production-side emission reduction through the establishment of a positive guidance mechanism for public low-carbon behavior, such as commercial incentives, policy incentives, and certified emission reduction trading.

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