Summary - What is Circularity?
The International Energy Agency (IEA) calls for the attention of governments to mandate clean energy expansion and innovation in order to achieve net-zero carbon emissions by 2050. Significantly, this goal works in congruence with reducing global warming and drastic climate change. The IEA believes that by asserting clean energy initiatives as soon as possible, humanity can pursue and indulge in economic growth without increasing energy consumption.
Thus, it is crucial to target the energy crisis at its root. For net-zero emissions by 2050 to become a reality, the energy and chemical industries must make haste in adopting clean and sustainable methods to harness energy sources. At present, the technologies required to offset carbon emissions are already available. However, the chemical and energy industries are failing to adopt change due to a lack of significant government intervention that can see them forced toward innovation. Furthermore, these industries have often been described by both inside and outside sources as incredibly “slow” to adapt and evolve to the reality of the world.
Advocacy groups and associations have come up to author the necessary policies for adopting clean energy solutions. Environmental activists such as Greta Thunberg captured the whole world’s attention by calling out the governing bodies’ lack of initiative in addressing climate change. Technologies for carbon capture already exist, so what is taking us so long in harnessing green and sustainable energy?
The underwhelming adoption of alternative energy sources hampers society’s progress toward clean and sustainable living. Instead, corporations market off individual efforts as an honorable feat in mitigating greenhouse gases emitted by the very factories they own.
Circularity aims to address this gap through the transformative capacities of technology investment. The scalability of a clean energy initiative is the most-cited reason why industries shy away from such solutions. In engaging with investors through blockchain, Circularity can boost audience reach and awareness for present-day sustainability projects. Not all projects can find VC funding, but Circularity will be able to help these smaller projects find community-driven investment.
Individual and corporate investors can gather to discuss environmental efforts with Circularity. Our team of engineers and scientists has long contributed to the sustainability space, having already worked closely with Fortune 500 companies and engaged in collaborative research with the U.S. Department of Energy. In welcoming a community of forward-thinking personalities, Circularity can unlock the potential of blockchain technology in empowering sustainability movements.
Many a time, tech startups envisioned blockchain technology as a solution for environmental action. Smart contracts provide immutable records of a participant’s activity on the network. Theoretically, smart contracts will be leveraged for transparency and accountability of an individual’s or corporation’s carbon footprint. Certain blockchain platforms found success with such a methodology.
Circularity takes blockchain technology two steps further as a clean and guilt-free digital effort in promoting initiatives to mitigate climate change. Gone are the days of environmental advocates feeling alienated on the Internet. With Circularity, the audience also expands past like-minded individuals; investors and NFT collectors can perform their part in climate action through purchasing exclusive collectibles that reward them for holding and staking, while also providing them governance rights in deciding where future investment will be made.
Advocating for clean energy initiatives is at the core of Circularity. That being said, we acknowledge the high energy consumption of minting and transacting on PoW blockchains. The decentralized economy is far from mature, and we are excited for what’s in store in the future.
Amid the times when generations young and old gather to demand accountability and concrete climate action, it won’t be long until Circularity and other blockchain platforms adopt methods aligned with the goal of net-zero emissions by the year 2050.