Germany’s Free Democratic Party Wants To Pay Cryptos To Individuals Who Remove CO2

Climate change is one of the biggest threats mankind is facing currently. Many of us are aware of the current situation of our beloved planet earth and of that global warming is one of the serious issues since from the start. Science and technology have helped both ways in the degradation of our planet earth as well as in a positive way too.

Although cryptos have got a bad reputation for its energy impacts, many within the ecosystem are trying to solve problems that can reduce anthropological impact on climate change. Germany's Free Democratic Party (FDP) has recently launched a plan to pay cryptos to anyone who is removing CO2 from the atmosphere.

Currently, there is no business model that could make carbon dioxide a major source of money. The FDP in the German Bundestag has recognized this gap in climate protection – and developed an almost revolutionary concept that could make CO2 filters and vacuum cleaners a worthwhile investment.

Marco Buschmann, the first parliamentary director of the FDP parliamentary group says:

“Anyone who withdraws CO2 from the atmosphere will be paid for it. In this way, we want to reward active climate protection and promote inventiveness and innovation.”

Many crypto and blockchain-based companies are looking to technology to help solve social and environmental issues of our time, such as sustainable supply chains and decarbonizing and democratizing energy systems.

In January 2019, the UN announced that it has helped launch a new group called the Climate Chain Coalition, which will aim to research the use cases for distributed ledger technology (DLT) in climate change-related initiatives, and potentially adopt them. While still at an early stage, the coalition nonetheless adds to the non-profit’s existing initiatives in utilizing blockchain technology to advance its various causes.

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