Blockchain Helps to Regulate CO2 Emissions Globally

CO2 emissions as one of the causes of climate change require consolidation at the level of large issuers: industrialized countries and energy generating companies. That’s where blockchain comes into play.

According to NASA, 17 of the warmest 18 years on record have occurred since 2001, while global average sea level has risen nearly 178 mm over the past 100 years and continues to rise by 3.2 millimeters annually.

One may be skeptical of the “global warming” term, but there’s another indicator: the level of dioxide emissions. According to the same source, carbon dioxide levels in the air are at their highest in 650,000 years.  

Carbon credits

The largest CO2 issuers into the atmosphere are power generating companies fueled by fossil materials. To reduce the harmful effects caused by manufacturing, the Kyoto Protocol came into effect in 2005, providing for emission trading.

Carbon credits (accountable emission reductions) are measured by carbon units equivalent to one tonne…

Read Full Story : Live Bitcoin News

2018-11-09 14:30:09

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