Tradepal commits to offering an integrated reuse solution to students at participating colleges that would allow them to list items, share, buy, sell, and barter in a trusted environment and quantify the carbon savings derived from their reuse transactions.
Tradepal is committed to visiting 100 participating college campuses across the United States and helping them launch their reuse marketplace. Tradepal will fully support the technology behind each reuse network, bear the cost associated with the launch and provide participating colleges with easy steps to grow their reuse network and associated carbon savings. The Tradepal commitment aims at achieving a total of 2,000 metric tons of carbon savings derived from students' reuse by June 2014.
Tradepal has already developed the college dedicated technology that allows participating colleges to launch their reuse marketplace.
At the CGI America meeting in June 2013, Tradepal will announce a call to action to all U.S. colleges, and universities to introduce reuse initiatives and participate in the commitment. Following the CGI America meeting, Tradepal will help develop and deliver supporting collateral for participating campuses and start rolling out the launch of reuse networks. By the 2014 CGI America meeting Tradepal aims to launch 100 campus reuse networks, totaling 1 million students, and hopes to achieve an associated carbon savings of 2,000 metric tons.
Historically, consumers have been educated on the importance of the 3 R's of the environment: Reduce, Reuse, Recycle. 'Reduce and recycle' have achieved broad acceptance due to their associated financial benefits of trash recycling programs and energy conservation. In contrast, 'reuse' receives minor focus which stems from a lack of effective solutions to promote the reuse of underutilized items that are cluttering garages, homes and storage facilities, if not landfills. A 2010 Department of Energy report found that 25 percent of families with a two car garage are unable to park inside due to the number of items stored. There are a total of $1 trillion dollars of unused items in the United States according to a 2011 NPD Group study. Nearly 1 in 10 U.S. households rent a self-storage unit: this statistic has grown approximately 65 percent over the last 15 years. The combined parallel growth in self-storage space and consumer debt over the past decade is evidence that present day reuse solutions are not providing an effective way to engage in reuse. Previous online marketplaces have been developed to support peer-to-peer commerce but these have fallen out of favor due to safety concerns and a poor user experience. Americans long for a ubiquitous reuse solution that would allow them to leverage their unused items as currency, make money, save on storage fees, de-clutter and save their items from landfills.
Tradepal leverages its marketplace technology to power peer-to-peer commerce and pioneer reuse in U.S. colleges. Each Tradepal user has a dedicated carbon savings calculator that allows them to quantify the carbon savings derived from each reuse transaction. The Tradepal team commits to physically visiting 100 college campuses in the first year of the commitment, to launch its marketplace technology, and implement the associated reuse network Tradepal will cover the technical implementation costs associated with the launch of each college reuse network. The Tradepal commitment aims at achieving a total of 2,000 metric tons of carbon savings derived from students' reuse by June 2014.
We are looking for grants and opportunities to expand the mobile platform to any 2-year and 4-year college and university at no cost to the institution. We are happy to introduce the application to members of the media who are interested in college sustainability and millennials.
Tradepal is incubating sustainability and financial literacy to better build local college communities. As a hyperlocal mobile application for college students, we seek to build new ways for supporting and measuring the impacts on campuses. We will support community colleges, colleges and universities by sharing our best practices as they work toward achieving their sustainability goals.