Over 65% of the CO2 generated over the last 50 years has been generated by 10% of the world’s population.
September 3, 2020 —
Climate change will be much worse, take much longer, and be much harder to fight than COVID-19. Bill Gates wrote in his blog earlier this month that by 2060, climate change could be just as deadly as COVID-19, and by 2100 it could be five times as deadly. And just like COVID, climate change will be a health and social crisis disproportionately affecting low-income populations and nations.
Over 65% of the CO2 generated over the last 50 years has been generated by 10% of the world’s population. The Western world has mostly benefited from the use of fossil fuels throughout the industrial revolution yet developing economies have to make the hard decision, now, to shift or adopt renewable power sources and invest in low-carbon and carbon sequestration infrastructure. We have 10 years to dramatically reduce global emissions. Hence, the only successful, fast, and fair transition is one where high-GDP nations substantially help lower-GDP nations make the economics and capital access work to scale the best solutions for humanity and our planet.
The 10-year timeline will not be met without a radical innovation helping improve the economics and capital access for low-carbon and carbon sequestration projects. Crises bring crisis-driven innovations. Looking at the 2008 crisis, Bitcoin and blockchain were born as a solution to reduce the reliance on centralized financial organizations. The Bitcoin price increased by 20% throughout the pandemic, asserting its potential as an attractive asset in economic downturns. Co2bitcoins price observed over-the-counter has been increasing from $4US in Q1 2020 to $25US in Q3 2020.
Co2bitcoins is a digital asset that has been already used since 2018 to protect 100 million trees, hence preventing a potential carbon capture loss of about 2 Gigatons of CO2e per year. While forestation has been identified as one of the most important levers against climate change, developing economies are seeing a deforestation rate that is magnitudes higher than the US and Europe.
Co2bitcoins is designed to incentivize private and public stakeholders to make the optimal decisions for our planet, including building necessary partnerships to finance climate change mitigation projects. A large portion of Co2bitcoins are held by Ministries of Environment in African nations. They will sell Co2bitcoins to finance expenses and incentivize capital investment related to these time-critical projects. For more information, please visit – https://co2bit.com/
Release ID: 88975299