How Blockchain Can Save The Climate – The Poseidon Foundation

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This article is sponsored by The Poseidon Foundation.

Let’s assume it took you about two seconds to read the above headline. You’re hopefully interested in reading on, but otherwise, I’m sure it feels like little else has happened. Well in those two seconds alone an area of forest nearly as large as a soccer pitch has been cut down worldwide, which equates to 18.7 million acres of forests being lost annually.

Protecting forests is vital – because when it comes to stopping climate change, we’re running out of time. The 2015 Paris Agreement set the target of limiting global warming to less than 1.5°C by 2100, but by today’s emission levels, we will have already exhausted the carbon budget to reach this target by 2027. The need to drastically limit greenhouse gas emission is clear and preventing deforestation is the easiest natural solution known to man.

Forests act as carbon sinks, absorbing carbon dioxide from the atmosphere, so protecting trees works to clean the air we breathe. However, when these trees are cut down and burnt, all the carbon they have stored over hundreds of years is released back into the atmosphere – making the problem even worse. Preventing deforestation also acts to …

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