The Climate Law -
A Necessity for Tomorrow
The climate crisis affects every aspect of our lives - and it knows no borders. Its effects may, until recently, have seemed to be more partinent to Third World countries, but it is becoming more and more evident every day that it will be a challenge for the whole of humanity. Establishing measures at the global level, with the parallel definition of indicators whose achievement will mark the successful management of the crisis, is now a reality.
The Challenge
The climate crisis - which, according to a UN report, is leading us to uncontrolled global warming - brings changes to both the environment and the global economy. With the consequences already visible over a decade, the potential for more than 60 countries to be downgraded by the world's rating agencies by 2030 is visible and calculable. Indeed, if we look a little further into the future, not even economies the size of the UK or Japan will be spared the effects by 2050. Taking action on the environment - and, of course, reducing emissions - may initially seem painful for the global economy, but it is nothing compared to what not taking action can cause in the long term - both for the economy and, of course, for the planet.
The Climate Law
The first critical step was taken thanks to the Paris Agreement - in which the G20 participated - to take measures to ensure that by the end of the decade, the average global temperature does not rise by more than 1.5 degrees Celsius. The follow-up to the Agreement is the Climate Law, intending to achieve climate neutrality by 2050 - with an interim reduction in greenhouse gas emissions compared to 1990 of 55% by 2030 and 80% by 2040 - through national quantitative targets, integration of measures into sectoral policies, monitoring indicators, general guidelines, and specific. In addition to reducing the use of fossil fuels and increasing the share of renewables, these include the planting of new trees.
CO2 emissions
One tree can mature and consume 21.77kg of carbon dioxide per year allowing a human to breathe for two years. Human interventions on the planet have caused the most damage to it. As a result, many forests had been destroyed, as well as many other forms of destruction. It has been pointed out several times by experts that the countdown has begun.
Many may ask what exactly are carbon credits? Tokenized carbon credits can be used to enable carbon offsets by tokenizing a specific amount of CO2 for an individual asset, such as a tract of forest land. Typically, when someone buys a carbon offset, the money goes to pay for a reduction in greenhouse gases.
Our chance to protect threatened forests and the consequences of climate change is now in our hands and one of the most cost-effective actions. Companies like ProspecTree contribute to radically addressing climate change.
ProspecTree makes it possible with the T4P token.
Trees As a Solution, T4P as a Part Of It
The existence of more trees obviously means a better environment – thanks to the capture of more carbon dioxide, increased rainfall, enhanced biodiversity, and much more. This crucial role that trees are to play is also the basis for T4P’s use of the Paulownia as the foundation and security of the investment. Moreover, the fact that the planting is not done as compensation, nor simply for communication purposes, makes the overall move even more meaningful.
Collateralized sustainability tokens are considered by many to be a holy grail technology for decentralized finance. These digital tokens are designed to have minimal volatility which encourages blockchain transactions, confidence, usability, and long-term smart contracts.