Dec 20, 2020 09:49 UTC
Dec 20, 2020 at 09:49 UTC
It is estimated that during the height of the containment measures in early April 2020, there was an unprecedented 17% reduction in carbon emissions. Several factors contribute to those figures, including less travel, lockdown measures enforced globally, and so forth.
To keep the momentum going, MOSS has successfully passed on US$10 million in proceeds to the Amazon forest conservation projects since March of 2020. As a project intent on addressing climate changes, these efforts will raise awareness for the dire state our planet is in today. If no large-scale effort is undertaken, our planet will reach the point of no return for climate change by 2070, if not earlier.
This is the largest amount ever sent by a private member to the Amazon forest conservation projects. The token is virtual and is already listed on a crypto exchange (FlowBTC) and is also audited by the best reliable companies like Perkins Cole, CertiK, and others. The MCO2 token has grown and is already #190 globally in terms of market cap and value (according to coinmarketcap.com). It also has an estimated market value of US$ 40 million.
Even so, the levels remained equivalent to those of 2006, an indication of the dramatic increase experienced over the last 15 years and the continued dependence on fossil fuels for power generation. In early June 2020, daily global emissions of fossil CO2 returned to near 2019 levels, when a record 36.7 gigatons were reached, 62% more than when climate change negotiations began in 1990.
It is estimated that in 2020 CO2 emissions will decrease by 4% to 7% due to containment measures. The exact percentage of reduction will depend on the evolution of the pandemic and governments’ responses to the emergency. Waiting for the government has always shown always to have an unfortunate result.
MOSS was founded in the first quarter of 2020 and is an environmental platform, a project that provides individuals and businesses of any scale who want to reduce their emissions with carbon credit transactions. Over this short period of time, they have established themselves as the biggest in selling voluntary carbon credits globally.
In just over eight months, MOSS has already bought/sold more than 900 thousand tons of CO2 (a comparable market value of US$ 25 million in Europe). Tokenization enables users to more effectively compensate for carbon emissions in a wider variety of circumstances.
“Many people misinterpret offsets as a way to avoid having to reduce emissions at home by offsetting instead of reducing them. In fact, the intention is just the opposite. Once the climate footprint has been identified and reduced to a minimum, offsetting puts a price on the remaining emissions and offers a way to work with the global community to reduce emissions globally. The MOSS Platform for Offsetting the Carbon Footprint provides easy direct access so that anyone can be part of this global effort.
The likelihood of carbon credit composability is increased by tokenization of carbon credits through the issuance of MCO2 Tokens, strengthening the security of carbon credit transactions and traceability through further programming through blockchain and digital assets. They believe that the MCO2 Token would encourage others to innovate and to develop new carbon credit applications.
For example, because they have designed the structure of the MCO2 Token to be as simple as possible, we believe that it can become a “primitive” or “building block” in the token niche. The MCO2 Token will enable users to incorporate carbon offsetting into other tokens and smart contracts, create apps that allow customers and small businesses to offset their operations and transactions, and create new apps that they have not yet imagined.
The MCO2 token, developed by the MOSS platform, allows anyone interested in taking climate action to support these projects, contributing to sustainable development in developing countries. The certified emission reductions are issued after a rigorous registration process, validation, and certification based on the standards established at the intergovernmental level within the climate change process convened by the law.