The ozone layer over through the Halley Bay research laboratory in Antarctica had lost nearly a third of its coverage by 1984 compared to earlier decades. It breached the planet’s natural shield between humanity and damaging UV rays. During this time, scientists learned more about climate warming and how human activity intensifies it. Global warming continues to confront us on various fronts, including food waste, industrial effluents, deforestation, and air pollution. Fortunately, many technological and non-technological solutions have been developed to combat these aspects. Now, the general populace pays the most attention to climate change solutions. Examples include a firm of a certain Twitter-obsessed billionaire making electric cars.
Announcement of the Department of Energy:
The Department of Energy announced a $3.5 billion program to scale up Direct Air Capture (DAC) technology. It is to put a big dent in the pursuit of decarbonization without compelling consumers to utilize less. Under Elon Musk’s direction, Tesla envisions a time when electric vehicles are stylish and reasonably priced. We don’t hear as much about the more covert technologies. The 100% biodegradable wetsuits for surfing or the AI video interpretation software are used to distinguish recyclable components. They operate behind the scenes to improve our manufacturing and supply chain administration. Grace Breeding is one of the first businesses to use Nitrogen Fixation Technology (NFT) to increase crop yields.
The most formidable challenge in the fight against climate change is one that each person must face. It’s not like green technology isn’t developing. The market is projected to expand by 21.6% yearly and reach $417 billion. The number could increase over the upcoming years as climate calamities become more frequent and the need for action grows. More specifically, the issue is how to effectively coordinate regional, national, and international efforts—a procedure known as climate governance.
Agreements between Nations:
How can elected representatives encourage nations to use technology to address sustainability and environmental change problems in the long term? How do nations with conflicting interests work together to achieve this objective?
Agreements and promises made between nations typically last lengthier than national initiatives. The significant exception was Donald Trump’s decision to withdraw from the Paris Climate Accords barely one year after Barack Obama. President Biden’s decision to re-join the accord confirms that the US is committed to establishing long-term partnerships with other nations for climate change solutions.
It won’t be easy to replicate such a deal with Russia or China, and they are the only nation in the world to create significant carbon pollution than the United States at the moment. If we are serious about lowering emissions worldwide, such an accord will unavoidably occur. Additionally, the Paris Agreement is a great starting point
How to Stop Climate Change?
Blockchain application is a crucial step forward in the direction of Silicon Valley and aside from geopolitics. Yeah, that’s correct: the same technique has a terrible reputation for producing too many pollutants during mining. It does not entail backing the approximately 95% of ineffective Blockchain projects. It indicates that Blockchain technology has unique benefits for enhancing climate governance.
Blockchain provides an open ledger that efficiently tracks contributions to environmental causes. Governments and oversight organizations may easily use Blockchain to ensure funds are appropriately authorized to support technological climate change solutions. Blockchain can help address the inefficiencies and a lack of transparency in governments. Except for a severe hack, its immutability renders it nearly impossible to alter. Blockchain is renowned for being difficult to hack.
What is the Effectiveness of Blockchain?
In the business world, it is already in use. Environmental investment platform Bitgreen is using the eco-friendly Polkadot network to create layer-1 architecture after raising $5 million via fundraising. The goal of enabling climate-action programs to benefit from Blockchain is to close the ecological gap. Even the Ethereum Blockchain, known for its pollution, is switching to a proof-of-stake architecture. It will cut its emission levels by 99% for those still worried about the image of Blockchain in general. The whole sector is headed in this way, with the possible exception of the singularly stiff Bitcoin.
Authorities would be unwise to ignore the potential of Blockchain to encourage innovation and tackle the problem of environmental governance. We may anticipate that they would, as long as countries rely on technology for climate change solutions and as crypto regulatory measures spread globally.
