Blockchain Consensus for Climate Action
Paris Agreement entered into force in 2016, which can change the top-down approach of emission reduction from Kyoto protocol in the past to the bottom-up approach. Signatory countries submit their INDCs (Intended Nationally Determined Contributions) depend on their own conditions. This more flexible emission reduction requirement has greatly reduced the resistance to environmental protection. However, according to the 2018 Emission Gap Report of the UNEP, even if all the signatories to the Paris Agreement have completed their submitted INDC, the goal to hold global average temperature increase to below 2°C is still need more than 10 GtCO2e emission reductions take effected every year. We need to call on more companies, NGO and individuals to participate in emission reductions and jointly achieve the goals of the Paris Agreement.
We continue to propose solutions to strengthen global climate action by our climate consensus based on the ECO2 blockchain community, and let each participant from developed or developing countries to share our achievements. It is also more quickly to broadcast the knowledge of global warming through this invisible community. When more people participate in climate action, the environment on the Earth will become more balanced and better.