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 have a technology based on the blockchain and makes everyone can contribute to stop the effects of climate change. It is necessary for companies around the world to innovate in more efficient technology to reduce the impacts we cause on the environment and greenhouse gas emissions and, in this way, a problem can be tackled on a global scale in real time.
Businesses that have to do with responsibility and care for the environment will have a platform in which they can invest in works and climate solution 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 aware of this phase that, when finished, the function that is in charge of the system will select the environmental projects that can help and provide substantial changes in the fight against climate change.
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.
Climatecoin offer the possibility that companies can trade with the so-called CO2 emission rights that were established in the Kyoto Protocol. This is aimed at democratizing technologies and reaching an agreement with the United Nations for their sale.
An increase in social awareness
This initiative can cause an increase in social awareness since the participants can obtain an economic return that comes from the income of individuals who get a negotiation with the cryptocurrency, whose platform is capable of distributing a percentage of the profit obtained.
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 that implement government programs aimed at combating climate change. The compliance of the companies with these projects are declared by all.
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.