Embracing Emission Trading Market

SEED
SEED
Aug 31, 2018 · 4 min read

Eco-Friendly, Renewable Energy Blockchain Group, S∙E∙E∙D creates bridge between ETS market and individuals.

“The Earth’s average temperature breaks the highest record 3 years in a row”
— NOAA & NASA

The Earth is getting HOTTER!

Natural disasters are no longer the question of ‘which movie was it in?’
Recently, the rapid climate changes due to continuous temperature rise has been causing much negative effect on the Earth’s ecosystem as well as our lives.

Most of the environment experts have a lot to say about the matter. Recently, they have agreed and voiced that the climate anomalies are not just accelerating but also intensifying, leaving us very little time before the Earth’s ecosystem reaches the point of no return.

“The purpose of the Clean Development Mechanism (CDM) shall be to assist Parties … in achieving sustainable development and in contributing to the ultimate objective of the Convention, and to assist Parties … in achieving compliance with their quantified emission limitation and reduction commitments…”
— Clause 2, Article 12, Kyoto Protocol to the United Nations Framework Convention on Climate Change

To deal with the problem, the UNFCCC of 2005 has implemented 3 systems as specific measures to reduce greenhouse gas based on the Kyoto Protocol, which are the Emission Trading Scheme(ETS), Clean Development Mechanism(CDM), and Joint Implementation(JI) as noted on the table above.

The Emission Trading market has been growing consistently since 2005. According to the World Bank, with the global greenhouse gas emissions continuing to grow, China, which accounts for 20% of the global emissions, has entered the market, greatly boosting the expectation that the market will reach maximum of 3.5 trillion USD by 2020. Also, the interest in emission trading market is growing with more than 161 countries joining the market by 2017.

“While some companies tend to focus on purchasing all reserves, the prices are likely to continue to rise as there are not many market supply”
— Korea Economy Daily (06.10.2018)

Korea has also implemented the ETS(allowing Certificated Emission Reduction(CER) trading) in 2015. Since then, the Korean emission trading market has shown fast growth — especially in July when the trading price for 1 ton recorded 26,250 KRW, it showed drastic increase of 19.3% compared to the March of the same year.

The related official speculated that “for the oil refineries, construction, steel and various industries, it is difficult to cut down (on emission) in short-term due to the nature of the industries, and therefore will try to meet the target through the purchase of carbon credits”.

In addition, the Government has announced that it will reduce the expected emission by 37% by 2030 at the 21st Session of the Parties to the UNFCCC.

Eco-Friendly Blockchain Project, You Can Be a Part of It

“Investment to fight Climate Change to Save the Earth; Investment to develop eco-friendly, renewable energy”

SAVING EARTH, YOU CAN DO IT WITH SEED

As we have explored above, the interest in CDM and ETS is very high globally, making it a very profitable market. However, due to it limiting participation to businesses, it is extremely difficult for individuals to enter the market.

In order to resolve this issue, eco-friendly, renewable energy blockchain group, S∙E∙E∙D, has planned and started several Farms that allow everyone to participate in the eco-friendly projects for the experience and the harvest.

Especially ‘SEED Blockchain Center’ which is the first Farm that started ‘Farming’ process on August 22nd, embodies and symbolizes the world’s first energy saving, Smart building with blockchain technology implemented. Also, it is expected to provide a stable harvest based on not only the CDM market but various proven business models such as energy savings, drawing much interest from parties.

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SEED

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SAVING EARTH, YOU CAN DO IT WITH SEED. www.seedfoundation.io

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