Description:
FIELD OF THE INVENTION
[001] The present invention relates to the field of environmental science and the internet of things-based data calculation systems, and more particularly, the present invention relates to the spending-based consolidated carbon footprint calculation system that allows the users, merchants, vendors, manufacturers, etc. to quickly find the carbon emission rate that happens due to their activities.

BACKGROUND FOR THE INVENTION:
[002] The following discussion of the background to the invention is intended to facilitate an understanding of the present invention. However, it should be appreciated that the discussion is not an acknowledgment or admission that any of the material referred to was published, known, or part of the common general knowledge in any jurisdiction as of the priority date of the application. The details provided herein the background if belongs to any publication is taken only as a reference for describing the problems, in general terminologies or principles or both of science and technology in the associated prior art.
[003] A carbon footprint is the total greenhouse gas (GHG) emissions caused by an individual, event, organization, service, place or product, expressed as carbon dioxide equivalent (CO2e). Greenhous gases, including the carbon-containing gases carbon dioxide and methane, can be emitted through the burning of fossil fuels, land clearance, and the production and consumption of food, manufactured goods, materials, wood, roads, buildings, transportation, and other services.
[004] It is very difficult to calculate the total carbon footprint exactly because of inadequate knowledge of data about the complex interactions between contributing processes, including the influence of natural processes that store or release carbon dioxide.
[005] Till now, all the available carbon footprint calculations are done based on the input given by the users only. There is no way to cross-check the authenticity of the provided data. It may lead to the wrong calculation and a time taking activity to provide in-depth information to the system. Presently, all the calculators provide category-wise carbon footprint of individuals only. No consolidated calculation is available. Also at present, there is no calculator that provides the total carbon footprint of the entire family according to the family members.
[006] One of the existing prior arts GB2470216A discloses a method of calculating the carbon footprint associated with a purchase transaction, such as fuel, petrol, or airline ticket, comprising obtaining transaction details comprising at least an identification of the merchant, and the amount of the transaction. According to the method the transaction details are mined for secondary data, such as the method of payment or amount of gasoline bought, that can be used for refining the carbon footprint calculation. If no secondary data are available the carbon footprint calculation is based on a merchant category code and the transaction amount.
[007] Another existing prior art CN109948901A discloses a carbon footprint accounting method and system for a household detergent product. carbon footprints and grades thereof can be accounted for; The model based on the life cycle of a household detergent products is divided into three stages: an upstream part, a core part, and a downstream part.; the data is divided into field data and background data, unit product comprehensive energy consumption and unit product comprehensive carbon emission two carbon footprint grade indexes, a three-level index value is given, contents of a carbon footprint declaration report and carbon footprint certificate are obtained, and a specific calculation step and an implemented system function module are provided. According to the method, the carbon emission of the product life cycle can be calculated, grading index calculation is carried out according to field data, grading of carbon footprints of the product is achieved, whether low carbon exists or not is judged, and the method is also combined with energy-saving management work of unit product energy consumption limit.
[008] The available carbon footprint calculation systems are not economical, accurate, and time efficient. Further, the available carbon footprint calculation systems are not user-friendly as these systems take time to respond. Also, the available systems are provided with the wrong carbon calculation instructions, which may mislead the user.
[009] In light of the foregoing, there is a need for a Spending-based consolidated carbon footprint calculation system that overcomes problems prevalent in the prior art.

OBJECTS OF THE INVENTION:
[010] Some of the objects of the present disclosure, which at least one embodiment herein satisfies, are as follows:
[011] The principal object of the present invention is to overcome the disadvantages of the prior art by providing a spending-based consolidated carbon footprint calculation system.
[012] An object of the present invention is to provide a spending-based consolidated carbon footprint calculation system, wherein the users are allowed to quickly find the carbon emission rate that happens due to his/her activities.
[013] Another object of the present invention is to provide a spending-based consolidated carbon footprint calculation system, wherein no additional effort is required to remember and enter the data manually.
[014] Another object of the present invention is to provide a spending-based consolidated carbon footprint calculation system, wherein a real-time offsetting solution helps the user (family) to offset the carbon footprint and check the ‘Carbon footprint balance sheet’.
[015] Another object of the present invention is to provide a spending-based consolidated carbon footprint calculation system, wherein the system helps society reach the net zero target at the earliest.
[016] Another object of the present invention is to provide a spending-based consolidated carbon footprint calculation system, wherein users are allowed to track the entire family’s carbon footprint on a single app.
[017] Yet another object of the present invention is to provide a spending-based consolidated carbon footprint calculation system, wherein there is zero chance to manipulate any data.
[018] Other objects and advantages of the present disclosure will be more apparent from the following description, which is not intended to limit the scope of the present disclosure.

SUMMARY OF THE INVENTION:
[019] The present invention provides a spending-based consolidated carbon footprint calculation system.
[020] In one aspect of the present invention, a data processing module of the system to track and calculate the carbon footprint is provided. The data processing module further includes a green neo bank, a regulator’s affiliated banking data aggregation framework, an auto-read module, and a data analyzing module.
[021] In another aspect of the present invention, the green neo bank helps to track people’s spending volume, merchant’s name, and category.
[022] In another aspect of the present invention, the regulator’s affiliated banking data aggregation framework collects transaction details (volume, merchant, category) from other banks of the same individual.
[023] In another aspect of the present invention, the auto-read module reads users’ transactional SMS/Emails to track and calculate.
[001] In another aspect of the present invention, the processing module collects transaction history and identifies the merchant's name and the amount of any kind of spending.
[002] In another aspect of the present invention, the system includes merchant-end electronic devices that allow a merchant to provide predetermined product-centric carbon measurement. That data analyzing module uses predetermined data to calculate each unit-based carbon footprint calculation of all the possible merchants of the respective categories.
[003] In another aspect of the present invention, the data analyzing module of the data processing module uses the captured data from the merchant to calculate the approximate carbon footprint of any individual after purchasing/spending on the same product.
[004] In another aspect of the present invention, the system aggregates the data of the entire family members (added and post permission taken) and calculates real-time to show the total carbon footprint of the family.

DETAILED DESCRIPTION OF INVENTION:
[005] While the present invention is described herein by way of example using embodiments and illustrative drawings, those skilled in the art will recognize that the invention is not limited to the embodiments of drawing or drawings described and is not intended to represent the scale of the various components. Further, some components that may form a part of the invention may not be illustrated in certain figures, for ease of illustration, and such omissions do not limit the embodiments outlined in any way. It should be understood that the drawings and the detailed description thereto are not intended to limit the invention to the particular form disclosed, but on the contrary, the invention is to cover all modifications, equivalents, and alternatives falling within the scope of the present invention as defined by the appended claim.
[006] As used throughout this description, the word "may" is used in a permissive sense (i.e. meaning having the potential to), rather than the mandatory sense, (i.e. meaning must). Further, the words "a" or "an" mean "at least one” and the word “plurality” means “one or more” unless otherwise mentioned. Furthermore, the terminology and phraseology used herein are solely used for descriptive purposes and should not be construed as limiting in scope. Language such as "including," "comprising," "having," "containing," or "involving," and variations thereof, is intended to be broad and encompass the subject matter listed thereafter, equivalents, and additional subject matter not recited, and is not intended to exclude other additives, components, integers, or steps. Likewise, the term "comprising" is considered synonymous with the terms "including" or "containing" for applicable legal purposes. Any discussion of documents acts, materials, devices, articles, and the like are included in the specification solely for the purpose of providing a context for the present invention. It is not suggested or represented that any or all these matters form part of the prior art base or were common general knowledge in the field relevant to the present invention.
[007] In this disclosure, whenever a composition or an element or a group of elements is preceded with the transitional phrase “comprising”, it is understood that we also contemplate the same composition, element, or group of elements with transitional phrases “consisting of”, “consisting”, “selected from the group of consisting of, “including”, or “is” preceding the recitation of the composition, element or group of elements and vice versa.
[008] The present invention is described hereinafter by various embodiments with reference to the accompanying drawing, wherein reference numerals used in the accompanying drawing correspond to the like elements throughout the description. This invention may, however, be embodied in many different forms and should not be construed as limited to the embodiment set forth herein. Rather, the embodiment is provided so that this disclosure will be thorough and complete and will fully convey the scope of the invention to those skilled in the art. In the following detailed description, numeric values and ranges are provided for various aspects of the implementations described. These values and ranges are to be treated as examples only and are not intended to limit the scope of the claims. In addition, several materials are identified as suitable for various facets of the implementations. These materials are to be treated as exemplary and are not intended to limit the scope of the invention.
[009] The present invention provides a spending-based consolidated carbon footprint calculation system. The users are allowed to quickly find the carbon emission rate that happens due to his/her activities. No additional effort is required to remember and enter the data manually. A real-time offsetting solution helps the user (family) to offset the carbon footprint and check the ‘Carbon footprint balance sheet. The system helps society reach the net zero target at the earliest. The users are allowed to track the entire family’s carbon footprint on a single app. There is zero chance to manipulate any data.
[010] The system mainly includes a data processing module to track and calculates the carbon footprint. The data processing module further includes a green neo bank, a regulator’s affiliated banking data aggregation framework, an auto-read module, and a data analyzing module. The green neo bank helps to track people’s spending volume, merchant’s name, and category. The regulator’s affiliated banking data aggregation framework collects transaction details (volume, merchant, category) from other banks of the same individual. The auto-read module reads users’ transactional SMS/Emails to track and calculate. The processing module collects transaction history and identifies the merchant's name and the amount of any kind of spending.
[011] More specifically, the system includes merchant-end electronic devices that allow a merchant to provide predetermined product-centric carbon measurements. The data analyzing module uses predetermined data to calculate each unit-based carbon footprint calculation of all the possible merchants of the respective categories. The data analyzing module of the data processing module uses the captured data from the merchant to calculate the approximate carbon footprint of any individual after purchasing/spending on the same product. The proposed invention also provides a provision for aggregating the data of the entire family members (added and post permission taken) and calculates real-time to show the total carbon footprint of the family.
[012] The system uses a plurality of hardware devices such as a plurality of user-end electronic devices, a plurality of merchant-end electronic devices, and a set of system-end electronic devices. Further, the system includes cloud storage, a server, and a communication module.
[013] Each of the electronic devices is having an input module and an output module. The electronic device is optionally provided with a user recognition module. The electronic device is a mobile or a laptop or a computer or a tablet or a like IOT based electronic device. The input module may include a button, a touchpad, a voice-receiving module having a mike, etc. The electronic device is optionally provided with a user recognition module. The user reorganization module includes a biometric sensor. The biometric sensor may include a fingerprint sensor, an iris detector, a palm sensor, a footprint sensor, or like. The biometric sensor identifies the registered user, merchant, or authorized person and stores the analyzed and processed data separately for each user and merchant. The user may include a consumer, buyer, or end user of an item. The merchant may include a seller, vendor, manufacturer, or a combination thereof.
[014] The cloud storage is a virtual database that is provided with predetermined information about a plurality of items such as food articles, etc., and their carbon measurements. The information stored in the cloud storage is accessible by the users and merchants. The authorized user may include the owner or any other authorized person allowed to deal with the backend of the system etc.
[015] The server allows the user, merchant, and authorized user to access the pre-stored information via a user-end electronic device. The server connects the plurality of electronic user and merchant end devices to the system.
[016] The processor is a processor, microprocessor, controller, microcontroller, microcomputer, etc. The processor is integrated with a memory unit. Further, the processor is made from a set of hardware and software modules. The memory unit stores a set of predefined processing instructions. The communication module is a wired communication module or a wireless communication module like Bluetooth or Wi-Fi, or the internet. The processor is connected to the authorized electronic devices, the user end electronic device, the merchant end electronic device, cloud storage, and the server.
[017] The present invention provides the advantage of providing the spending-based consolidated carbon footprint calculation system.
- The users are allowed to quickly find the carbon emission rate that happens due to his/her activities.
- No additional effort is required to remember and enter the data manually.
- A real-time offsetting solution helps the user (family) to offset the carbon footprint and check the “Carbon footprint balance sheet”.
- The system helps society reach the net zero target at the earliest.
- The users are allowed to track the entire family’s carbon footprint on a single app.
- There is zero chance to manipulate any data.
[018] The disclosure has been described with reference to the accompanying embodiments herein and the various features and advantageous details thereof are explained with reference to the non-limiting embodiments in the following description. Descriptions of well-known components and processing techniques are omitted so as to not unnecessarily obscure the embodiments herein.
[019] The foregoing description of the specific embodiments so fully revealed the general nature of the embodiments herein that others can, by applying current knowledge, readily modify and/or adapt for various applications such specific embodiments without departing from the generic concept, and, therefore, such adaptations and modifications should and are intended to be comprehended within the meaning and range of equivalents of the disclosed embodiments. It is to be understood that the phraseology or terminology employed herein is for the purpose of description and not of limitation. Therefore, while the embodiments herein have been described in terms of preferred embodiments, those skilled in the art will recognize that the embodiments herein can be practiced with modification within the scope of the embodiments as described herein.
, Claims:We Claim:
1. A spending-based consolidated carbon footprint calculation system comprising: a data processing module of the system to track and calculate the carbon footprint comprising a green neo bank, a Green Money Card, a regulator’s affiliated banking data aggregation framework, an auto-read module, and a data analyzing module.
2. The calculation system as claimed in claim 1, wherein the green neo bank helps to track people’s spending volume, merchant’s name, and category.
3. The calculation system as claimed in claim 1, wherein the regulator’s affiliated banking data aggregation framework collects transaction details such as volume, merchant, category from other banks of the same individual.
4. The calculation system as claimed in claim 1, wherein the auto-read module reads users’ transactional SMS/Emails to track and calculate.
5. The calculation system as claimed in claim 1, wherein the processing module collects transaction history and identifies the merchant's name and the amount of any kind of spending.
6. The calculation system as claimed in claim 1, wherein the system includes merchant-end electronic devices that allow a merchant to provide predetermined product-centric carbon measurement. That data analyzing module uses predetermined data to calculate each unit-based carbon footprint calculation of all the possible merchants of the respective categories.
7. The calculation system as claimed in claim 1, wherein the data analyzing module of the data processing module uses the captured data from the merchant to calculate the approximate carbon footprint of any individual after purchasing/spending on the same product.
8. The calculation system as claimed in claim 1, wherein the system aggregates the data of the entire family members (added and post permission taken) and calculates real-time to show the total carbon footprint of the family.
9. The calculation system as claimed in claim 1, wherein the system uses a plurality of hardware devices such as a plurality of user-end electronic devices, a plurality of merchant-end electronic devices, and a set of system-end electronic devices. And the system includes cloud storage, a server, and a communication module.
10. The calculation system as claimed in claim 1, wherein aggregating the data of the entire family members (added and post permission taken) and calculates real-time to show the total carbon footprint of the family.