Blockchain Initiatives for Climate: there is no plan B

Arturas Asakavicius Blocked Unblock Follow Following Dec 20, 2017 Unlisted

Dear Green Power,

One of the core ideas behind WePower is to empower the transition to 100% renewable and sustainable future. Such ambitious goal was set to accelerate fight against the climate change.

WePower team coming from energy, infrastructure and financing sectors understands that to reach this goal we have to increase capital flow into the green energy sector and prepare for future grid challenges integrating 100% renewable energy.

Earlier in December, during the One Planet Summit, UN Secretary — General Antonio Guterres said: “Finance is the key to successful climate action”. We can not agree more with this statement.

UN Secretary — General Antonio Guterres said: “Finance is the key to successful climate action”. We can not agree more with this statement.

As French president Emmanuel Macron said about climate change: “We are losing the battle. We’re not moving fast enough, that’s the problem”.

To start competing in this battle, we have created WePower — a blockchain based green energy trading platform, which helps renewable energy producer to raise capital by selling energy to be produced and delivered in a form of energy tokens.

WePower:

1.Helps renewable energy producers raise capital by selling energy upfront.

2.Opens the energy trading market — anybody from any place in the world can invest in the green energy.

3.Brings liquidity to the renewable energy investment market, which automatically brings more capital into the sector.

Our solution solves another very important challenge — it brings transparent emission accounting system running on blockchain. How can you fight against climate change if you do not have a transparent and global tool to measure emissions?

During One Planet Summit our PR guru Geoffrey and I attended the “Blockchain initiatives for climate” meeting in Paris organized by Tom Baumann and United Nations, which was represented by United Nations Climate Change Secretariat Manager of Sustainable Development Mechanism Massamba Thioye. We expressed our strong position that WePower is ready to contribute to the initiative because our blockchain solution can be immediately scaled and have a positive impact globally. With this statement we have offered other blockchain companies to start a close cooperation, create pilots and show example to global community. Some more information about our and United Nations work will be released in the beginning of 2018.

We will keep you up to date on how this new initiative “Blockchain initiatives for climate” develops and what role we will play. However, WePower is already working to facilitate the fight against climate change by bringing more capital to the green development projects. And we are already working on global scale — in Europe and Australia simultaneously.

Godspeed to all of us in this fight!