It Begins! Bank Links Customer Transactions to Carbon Footprint

A major bank in Australia has provided a preview of the globalist agenda to limit future purchases based on climate change.

Commonwealth Bank of Australia (CBA) introduced a new feature that links purchases to a customer’s carbon footprint and warns them when they are going over the average.

CBA has partnered with Cogo, a “carbon management solutions” company, to launch the new feature, which is part of CBA’s online banking platform.

In another foretaste of potential future ‘carbon allowance’ limits, a major bank in Australia has introduced a new feature that links purchases to a customer’s carbon footprint and warns them when they are going over the average.https://t.co/31yxhC5IqY

— Paul Joseph Watson (@PrisonPlanet) October 21, 2022

I don't remember asking for this new "feature" from the CommieBank: haranguing customers about their carbon footprint based on monthly spending. #CommieBank https://t.co/dwk6DdG3En

— El Syd🌸🌏 (@ianbarnes86) October 21, 2022

Australia’s Commonwealth Bank begins tracking transactions, links it to carbon footprint https://t.co/sD4NOHIx33

— Julie feely (@glooking) October 20, 2022

Reclaim The Net reported:

Australia’s Commonwealth Bank (CBA) has added a new feature to its online banking software that tells customers their carbon footprint based on monthly spending. The move follows a partnership between the bank and CoGo, a company that provides carbon footprint management solutions.

According to the bank, the national average of carbon emitted is 1,280 kilograms, while a sustainable figure is 200. The bank has provided the option to “pay a fee” to offset the carbon footprint.

CBA said it does not share data with CoGo. It added that eventually the data will be broken down into each individual transaction.

The bank calculates a person’s carbon footprint based on the transactions using their credit or debit cards.

“By combining our rich customer data and CoGo’s industry-leading capability in measuring carbon outputs, we will be able to provide greater transparency for customers so that they can take actionable steps to reduce their environmental footprint,” CommBank Group executive Angus Sullivan said in a statement.

“Our data capability will provide greater personalization for customers overtime, including more granular information about their carbon footprint with the option to offset individual transactions.”

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While initially presented as a handy way for someone to track their consumption habits and the supposed impact they have on the environment, some fear that such schemes could one day become mandatory and place limits on purchases of customers who exceed their ‘carbon allowance.’

As we previously highlighted, allied with climate lockdowns, technocrats want to exploit hysteria over climate change to increase financial control over individuals.

Such a proposal was presented in the science journal Nature by four environmental “experts” as a means of reducing global carbon emissions.

Everyone would be issued with a ‘carbon allowance card’ “that would entail all adults receiving an equal tradable carbon allowance that reduces over time in line with national [carbon] targets.”

The authors make it clear that the program would be a “national mandatory policy.”

Carbon units would be “deducted from the personal budget with every payment of transport fuel, home-heating fuels and electricity bills,” and anyone going over the limit would be forced to purchase additional units in the personal carbon market from those with excess to sell.”