Paris Accord Climate Markets Open January 2020
A trillion dollars of bankable tradable climate action carbon credits will make this market the most important in the world.
By 2050 the Paris Accord expects up to $3 trillion per year in economic stimulus driving the creation of technologies and policies to save the world from climate change.
The trial process for this was the Kyoto Protocol and its markets. They suffered learning pains and demonstrated the need for a more immutable transparent trading system. Such a system, a distributed ledger, is one of the Paris Accord specifications. KlimaCoin is building just this kind of ledger, our eco-distributed ledger, where ‘proof of work’ performed to solve the crisis of Climate Change is measured in units of eco-carbon, represented by our KlimaCoin.
Absolute security, near-instantaneous trading verification, ownership transfer, and transparent record-keeping will take place via our widely distributed network of computer servers,. This will make climate market transactions infallible. The system is being prepared for launch with the start of the Paris Accord in 2020.