Decarbonization is an essential task to ensure a sustainable future for the planet. Cutting-edge technology is now being employed to help reduce carbon emissions and keep the planet habitable for future generations.
Decarb.earth, a Swiss-based startup, is a platform that uses blockchain technology to help businesses in emerging markets switch to clean energy as effectively as possible.
Burning fossil fuels is an outdated solution for energy generation, and is responsible for approximately 70% of emissions globally. The transition to renewable energy sources, such as solar, is vital in reducing carbon emissions and mitigating the effects of climate change, while also making electricity more accessible and affordable.
With an energy crisis currently ravaging South Africa, along with ample sun and one of the world’s dirtiest energy producers, Decarb.earth has honed in on this country nestled at the tip of Africa as its first market.
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The country has an ideal opportunity for transitioning over to clean energy alternatives now, with not just South Africa, but Africa as a whole being a clear generator of solar with its share of 40% of the global landmass solar radiation.
Despite the potential of energy generation from solar radiation in South Africa and beyond, the technology to harness this energy is still too expensive for most local businesses. Furthermore, finance is widely inaccessible due to small businesses being considered high-risk investments.
To combat this, Decarb.earth’s platform de-risks renewable energy projects and connects them with investors who are interested in financing them. By leveraging the power of blockchain, the platform ensures that all financial transactions are secure and transparent, providing confidence to investors and stakeholders.
This enables the creation of smart contracts that automatically execute when predetermined conditions are met, streamlining the financing and execution of renewable energy projects while reducing costs associated with traditional methods. Furthermore, by allowing flexibility of ownership through tokenization, Decarb.earth creates additional liquidity, with financiers knowing they won’t necessarily need to be tied in for the duration of loan repayments.
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The company is also helping to create a more transparent and sustainable energy market in South Africa. The platform serves as a place to showcase businesses and financiers playing their part, where businesses using clean energy are able to market themselves for free and monetize the carbon offsets produced by the solar system. Customers looking for cleaner companies to support can use the platform as a directory to search for local companies using clean energy.
In celebration of Earth Day, Decarb.earth is not only hoping to help reduce costs of solar installation even further, but also start a global movement to get businesses worldwide to declare their commitment to switching to cleaner energy. Marco Funk, the CEO of Decarb.earth said,
“By signing our Earth Day Pledge, and sharing their certificate with their audience, businesses can join a unified movement towards a decarbonized economy, this will help build a community that supports each other in the transition.”
Anyone can sign the pledge here (https://www.decarb.earth/earth-day-pledge ), and they are encouraged to share their certificate on social media and tag Decarb.earth to join the community.
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The model being used by Decarb.earth is an excellent example of how cutting-edge technology can be used to address critical global challenges such as clean energy solutions.
By leveraging blockchain, the platform is helping businesses in South Africa and beyond to not only accelerate their transition to cleaner energy, but position themselves advantageously in a global economy that is increasingly prioritizing carbon credentials as a vital and necessary sign of good business practice.
Follow Decarb.earth on LinkedIn https://www.linkedin.com/company/69842501/admin/, Instagram https://instagram.com/decarb.earth?igshid=YmMyMTA2M2Y=, or Facebook https://www.facebook.com/decarb.earth?mibextid=LQQJ4d
