On the Verge of Losing our Planet: Global Warming

CCET Project Explained (part 1)

Take-aways

  • The main driver of global warming are greenhouse gases
  • Global Warming is a serious threat as our climate is very fragile towards temperature increase
  • International diplomatic efforts enable change and facilitate innovation

In July 2000, NASA has announced that sea level in Greenland is increased to 23cm for the last 100 years because of melted glacier. Also, there are many endangered animal and botanical species. In case of South Korea, we might no longer have winter season, face desertification, and experience severe natural disasters like typhoon or drought.

How did this happen?

There is consensus amongst scientific scholars and practitioners, that the main driver of the global warming is the influx of so-called “greenhouse gases” in the earth’s atmosphere. This is because industrial and agricultural development, as well as usage of oil and coal created a lot more of these harmful gases, while at the same time, deforestation progresses (trees act as an absorbent for CO2 gases specifically).

This significant increase in greenhouse gases (such as Carbon Dioxide CO2 or Methane CH4) in the atmosphere acts as a reinforcement for galactic radiation (i.e. from the sun), which in turn warms the earth’s surface to a temperature above what it would be without its atmosphere.

How bad is it?

Our climate is very fragile. The IPCC (Intergovernmental Panel on Climate Change) reports that when earth’s temperature increases by just 2°C, 20~30% of all living species are expected to die out. With an increase of °3C, the entire Amazon rainforest would gradually burn to ashes, while the carbon dioxide emitted from the fires will worsen the warming. In case the warming would continue to a 6°C increase compared to today’s average temperatures, 95% of living things on earth will vanish.

There’s hope!

Global warming has brought a catastrophic climate change. However, we do not want to draw an apocalyptic future of our world just yet. Because luckily, efforts are underway to stabilize the impact of the greenhouse effect and reduce the warming process. To prevent further damage, nations around the globe discussed together as first time after Rio Summit in 1992. It was further progressed to Kyoto Protocol under a ratification of 141 nations in the third climate change Conference of Parties (COP) in 2005. In 2015, Paris Agreement was adopted at 21st COP and 195 countries unified together to protect the earth’s environment.

In the next articles, we will discuss how blockchain technology has the potential to support anti-global warming activities and leverage efforts of saving our beloved planet. Also we will introduce a specific approach to solve parts of the global warming problem: the carbon emission credit trade market.


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