Intro to Jasmine — A decentralized market for climate assets
For as long as we’ve had climate-scale problems, we’ve been using markets to coordinate and solve them. Faced with the defining climate crisis of human history, we need a market that’s more inclusive, accessible, and transformative than any climate market we’ve ever seen.
The power of climate markets
World governments have questioned global warming and its effect on climate change for decades. These hot topics of discussion have heated courtrooms while the global temperature continues to rise by ~0.2C each decade.
Nature shows no reverence for humanity. It pervades our lives, changing our climates and, more recently, affecting our culture. The climate crisis headlines our news, empowers our influencers, and somehow has changed the things we buy and how we box them. How is nature powerful enough to do this? Because nature is persistent. Global leaders have been pursuing green power for decades, and the country with the most natural power, wins humanity.
They’re indiscriminate, these firs. They’ll mate with anything.
A great green-yellow cloud of pollen sifts across the house.
The waste of it leaves nothing out — not even men.
The pollen does not care I’m not a tree.
- Andrew Hudgins (“The Persistence of Nature”)
The pursuit of green power activated cap & trade markets
This pursuit of more green power activates lucrative climate markets incentivized by cap and trade and ignites the green transition. Cap & trade allows regulators to issue caps or limits on brown energy usage and toxic emissions and enables markets to control the trade of allowances.
Markets make you notice changes in your environment, but participating in them gives you the power to control your environment.
Let me take you back to the early 1990s. Remember worrying about acid rain? It was the cap and trade system that quickly dissolved our fears of toxic precipitation. The triumph over SO2 has made the cap and trade market our most powerful weapon against environmental threats.
Watch out CO2. You’re next.
Cap and trade has helped America’s colossal car manufacturers swiftly move from tailpipe-emitting cars to exhaustless EVs and dusty utility companies to re-power our grids with more clean energy.
What influences your decision to install rooftop solar is neither an environmental nor economic benefit. It’s both.
Markets define what we care about, and we set the price to show how much we care about them.
Today, a similar cap and trade system incentivizes new, non-polluting power by limiting CO2 emissions. Most of our toxic carbon originates from each person, place, or thing that plugs into our electrical grid. What we’re buying and how much we’re paying shows how much we care about sustainability. We are placing environmental caps on ourselves and our establishments, with many consumers choosing to buy more products at a premium from sustainable brands.
Jasmine is building a market where everyone can participate in the green transition.
Despite us being physically connected to the grid, our climate concerns don’t move past the plug. We’re emotionally disconnected from our power. The transition to clean energy should transform our relationship from passive power suckers to clean power seekers.
It is up to us to determine which carbon-free power — “green” (renewables: solar, wind, hydro, geothermal) or “clean” (non-renewable: nuclear) will re-energize the things that matter most to us. The invention of fire gave rise to the human species, and our attribution of fuel sources could elevate our society or suffocate us.
Jasmine is building a market that allows you to attribute green or clean energy to your electricity when redeeming energy attribute certificates (EAC). Your participation in the green transition elevates your work establishments, your local businesses, your homes, and even your plugged-in possessions.
Start participating today
The climate crisis is here, energy poverty is approaching and the future of our energy depends on your participation.
Join our discord to be part of Jasmine’s community and learn how to claim, trade and redeem EACs.
Follow us here and on twitter to stay up to date with the latest climate, crypto and market news.
