Is there any chance to comply with global climate goals until 2050? Coorest has the answer.

Let’s start with the basics, Paris Agreement

Paris 2015 The Paris Agreement is a legally binding common decision for countries and companies on climate change. It was adopted by 196 Parties at COP 21 in Paris, in 2015 and entered into force in 2016. Its goal is to limit global warming to well below 2 degrees Celsius compared to pre-industrial levels. To achieve this long-term goal, countries aim to reach global peaking of greenhouse gas emissions as soon as possible to achieve a carbon-neutral world. The Paris Agreement is an astonishing landmark in human history because, for the first time, a binding agreement brings all nations into a common cause to undertake ambitious efforts to combat climate change. More here: https://unfccc.int/process-and-meetings/the-paris-agreement/the-paris-agreement

European Green Deal The European Commission adopted a package of proposals to make the EU’s climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. This goal is crucial for Europe in order to become the world’s first climate-neutral continent by 2050 and achieve the Green Deal. In this way, the Commission is presenting the legislative tools to deliver on the targets agreed in the European Climate Law and fundamentally transform our economy and society for a fair, green and prosperous future. More for Green Deal here: https://ec.europa.eu/commission/presscorner/detail/en/ip_21_3541

2050 Goals The EU aims to be carbon-neutral by 2050 — an economy with net-zero greenhouse gas emissions. This objective is at the heart of the European Green Deal and in line with the EU’s commitment to global climate action under the Paris Agreement. That transition is both an urgent challenge and an opportunity to build a better future for all. To achieve these goals, any social, environmental and economic factor should act in the right “green” direction. More here: https://ec.europa.eu/clima/eu-action/climate-strategies-targets/2050-long-term-strategy_en SDG goals

SDG — Sustainable Development Goals The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a common goal for peace and prosperity for people and the planet, now and into the future. The core value is the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries in a global partnership. They recognize that ending poverty and other challenges such as improving health and education, reducing inequality, and spurring economic growth — all while tackling climate change and working to preserve the environment. More here: https://sdgs.un.org/goals

Regulations Framework for global entities Under all the above actions, many businesses have made serious commitments to address their own actions. Companies in the oil and gas, electricity generation, automotive, and financial sectors are demonstrating that acting on climate is not only for environmental reasons but also for financial purposes. Without voluntary business action, reducing carbon emissions would be much more difficult. Businesses play a crucial role as well as the fact that they take initiative to create their own policies makes them key players in fighting the climate crisis. Every business across any sector has committed to implementing strategies to reduce emissions in its operations or supply chains. As documented in their annual-sustainability reports, many companies have set emission reduction targets. For example, DTE Energy, a Michigan-based utility, has set targets to reduce CO2 emissions from owned and purchased generation by 45 percent by 2030. Microsoft has pledged to reduce operational emissions by 75 percent by 2030. Microsoft is reducing its emissions by putting an internal price on carbon and reinvesting those dollars into clean power, energy efficiency projects, and carbon offset projects. Power company Duke Energy just announced its goal to generate electricity with net-zero carbon emissions by 2050. According to a study, 100 companies are responsible for 71% of global emissions. ExxonMobil, Shell, BP and Chevron are identified as among the highest emitting investor-owned companies since 1988. If fossil fuels continue to be extracted at the same rate over the next 28 years, global average temperatures would be on course to rise by 4C by the end of the century.

https://www.theguardian.com/sustainable-business/2017/jul/10/100-fossil-fuel-companies-investors-responsible-71-global-emissions-cdp-study-climate-change In contrast with devastating results until now, there is hope that businesses and institutions would take action in this field as soon as possible. Companies such as Nestle, Amazon and Microsoft has already committed to reducing their carbon footprint in the upcoming years. Following these pioneers, more and more entities should act in this leading way. Here are actions that all companies can put in place to do their part in the fight against global warming. Measure Greenhouse gas emissions. Reduce energy consumption. Reduce waste. Eco-friendly ways of working such as telecommuting. Comply with CSR regulations. “Green” infrastructures and types of equipment. Last but not least, co-operate with Coorest.

How Coorest will provide the solution?

Coorest official Coorest offers a blockchain-based solution by creating a decentralized carbon credit exchange and an easy way to invest in sustainable yield-bearing assets: NFT(rees) backed by real planted trees and tokenizing these assets. By combining carbon credit trading and bond investments, Coorest aims to disrupt the carbon trading market by cutting out the “money-driven” middleman and transferring the profitability of carbon trading and food production back to the investors and farmers by leveraging blockchain technology and smart contracts. The platform helps individuals and institutions to reduce CO2 emissions, improve livelihoods, and protect nature. The concept is simple Every planted tree is backed by a NFTree which you can purchase on the NFT marketplace. You choose the NFTree that meets the impact of your carbon footprint. The greatest impact, as an NFTree holder, is that you will generate two income streams:

With NFTrees you start earning an interest of 20% on yearly basis after 3 years when the fruits and vegetables are produced and sold.
When your NFTree is planted you start collecting carbon credit tokens that are tradable on the Coorest platform. Who can use the Coorest platform? Literally, anyone who cares. Individuals who want to voluntarily offset their carbon footprint, invest in green projects and trade carbon credit and tree tokens. Institutions/companies that need to offset their carbon footprint by the government want to invest in green projects. Farmers who want to onboard their projects, collect the amount of CO2 tokens and sell them to institutions/companies. Crypto enthusiasts/investors who want to diversify their portfolio with a sustainable green project. Active people with an ecological perspective who want to be part of this teamwork. Coorest NFTrees are a part of the solution for a carbon-neutral world! Carbon is often captured by plants and trees which produce food, which is sold for yield. Coorest effectively creates yield-bearing assets (bonds)and carbon credits that are tradeable on the blockchain by tokenizing these assets. By combining carbon credit trading and bond investments, Coorest aims to create an ecosystem for investments in farmers’ projects to ensure a sustainable business model for CO2 compensation. Coorest introduces a new concept for proof of carbon compensation (PoCC) to avoid double-counting of carbon credit rights. Via the platform both retail and institutions are enabled to compensate for their carbon footprint by buying and burning $CO2 tokens, giving them a PoCC in return. PoCC contains data about the identity of the compensator, the amount and time of CO2 compensation.

The Coorest platform seeks to democratize platform governance and investment management. Read the whole Whitepaper and understand Coorest’s vision here: https://coorest.eu/white-paper/ Buy an NFTree, collect the CO2 tokens and burn the tokens to register the amount CO2 you reduced. Buy now: https://venly.market/collection/Coorest NFTree - Batch 1 - Coorest | Venly This NFTree is a yield-bearing green bond backed by a real tree. The trees are planted and managed by the Coorest… venly.market

Posted Using LeoFinance ^Beta