To finance all the works and planning about stopping climate change there is a special type of currency that works as a digital currency: cryptocurrencies. Thanks to the launch of the project in which Spain is participating called Climatecoin, investors from all over the world can be given the opportunity to participate in the fight against climate change through financing for this purpose.
Do you want to know more about how investors can finance to stop climate change?
Cryptocurrencies
These currencies use blockchain-based technology and allow everyone to contribute to halting the effects of climate change. Companies around the world need to innovate with more efficient technology to reduce our environmental impacts and greenhouse gas emissions, thereby reducing the impact we have on the environment and reducing greenhouse gas emissions. a problem can be tackled on a global scale in real time. Furthermore, the fight against climate change is enhanced through these initiatives.
Businesses committed to environmental responsibility and stewardship will have access to a platform where they can invest in climate-responsible projects and projects. This platform allows for a greater commitment to the environment and also reflects direct, credible, and transparent solutions.
Financing to stop climate change
During this month of December, the first meetings will take place in which an initial value will be given to these coins called "climatecoin" ICOs. Will be tried place 255 million of these currencies so that they can be obtained in exchange for ether, one of the main virtual currencies along with bitcoin.
Citizens, institutions, investment funds, companies, and governments can participate and be informed of this phase. Once completed, the function in charge of the system will select the environmental projects that can help and bring about substantial changes in the fight against climate change. It is essential to promote the innovation in sustainable methods to ensure a viable future.
The projects that are most likely to be successful are usually those based on sustainable mobility (given the large greenhouse gas emissions that come from transportation), everything related to renewable energy (steering the future of energy towards a decarbonized transition), issues related to electricity and agriculture, etc.
The first companies that opt to be financed are dedicated, above all, to developing biofuel for aircraft, seeds that are more resistant to periods of drought increased by climate change and some technologies that help in the retention of carbon dioxide from the atmosphere.
Climatecoins offer companies the opportunity to trade the so-called CO2 emission rights established by the Kyoto Protocol. This aims to democratize technology and reach an agreement with the United Nations for their trading, making progress toward sustainability more accessible.
An increase in social awareness
This initiative can lead to an increase in social awareness since participants can obtain an economic return that comes from the income of individuals who manage to trade with cryptocurrency, whose platform is able to distribute a percentage of the profit obtained. Education on topics such as instruments aimed at climate change is vital to promote greater participation.
With this system, people can increase their awareness of the consequences of climate change and contribute their grain of sand to stop it. Something new can be added to tackle this global problem that concerns us all.
With this project he has recently participated in the UN Climate Summit (COP23) held in Bonn, Germany, where it has been explained that the use of blockchain in this area can facilitate the monitoring of all projects implementing government programs aimed at combating climate change. Companies' compliance with these projects is reported by all, thus contributing to the transparency and effectiveness of investments.
Finally, it can be said that this technology helps in the ease of being able to invest in environmental actions that help stop climate change and so that people can make their small contribution.
