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- A financial token that will try to tackle the effects of climate change
- Has the blessing of many governments
- It can be used as a voluntary carbon credit option
When a raging debate is on the environmental effects of crypto mining, a group of innovators and visionaries have decided to create a financial token that will try to tackle the impact of climate change. The pleasant surprise is most governments are willing to back such a project and giving it more legitimacy.
Yahoo finance has featured an article detailing a new crypto coin set up to tackle climatic changes. Co2Bitcoin, the new financial instrument, is now available at the STEX Exchange. STEX Exchange is licensed in the US to support local traders.
The Co2Bitcoin will help nations fund local projects which will tackle the fallout of global warming. Co2Bitcoins will be used to buy and protect over 100 million trees in the Amazon rainforest in Brazil. It will also help bring energy to remote villages and elevate the most unfortunate standard of living.
Government Support for the venture
Co2Bitcoin is already in partnership with many countries across the globe. It has a substantial impact on the global environment and has also got the blessing of many nations.
Since the governments are the sole custodian of the crypto coins, it also affords more security to the tokens. The environment-themed crypto tokens will be used to reduce the effects of global warming on a short-term and long-term basis.
Money to be used to mitigate effects of global warming
Co2Bitcoin creates the possibility of voluntary carbon credit options, and it will enable large emitters to buy Co2Bitcoins. The money will be used to mitigate the effects of CO2 and other gases which cause global warming. It can be achieved by planting more trees and protecting rain forests, which acts as one of the most significant absorbers of greenhouse gases.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
