Global greenhouse gas emissions must be reduced by 7.6% each year between 2020 and 2030.

Currently, investments are picking up steam, however, in low- and middle-income countries, investment levels are still the same or even lower than in 2015. To achieve zero CO2 emissions by 2050, the world it needs to quadruple investment in the energy sector in developing countries, that is to say that in 2030 they will be investing around US$ 1,000 million.

It is important to remember that, according to a United Nations Environment Program report, global greenhouse gas emissions must be reduced by 7.6% each year between 2020 and 2030 to slow global warming by 1.5 °C this century.

Faced with this difficult situation, Nicolas Villegas, Unergy’s Chief Technology Officer, points out that the solution to the lack of financing is the use of Blockchain. In this case, with the creation of a token backed by clean energy assets, which serves as an exchange currency, even outside the same platform, thus promoting a sustainable economy in Latin America.

Analysts indicate that in most countries, governments do not have the fiscal capacity to be able to carry out a strategy with a positive impact in the long term and this is compounded by the lack of sufficient support from the private sector.

“The reason why they become an opportunity for the creation of a sustainable economy is that these types of tokens do not suffer the impacts of inflation that usually hit national currencies and devalue them, on the contrary, they are more profitable, It is a service that is increasingly needed in this digital age. Furthermore, it is also an opportunity to exploit blockchain technology and demonstrate its great benefits for humanity,” he added.

Currently, you can find several models that use Blockchain technology to generate a positive environmental and social impact. Among them, carbon offsetting, renewable energy generation and biodiversity conservation stand out.

Blockchain is a single record that is housed in thousands of computers, which become a means to have traceability of each transaction that is carried out in the network of PCs that are connected to each other. Thanks to this system, new operations can be added and data consistency validated, using a set of shared and default rules.

“If we get people on average to invest 1% of their income in these types of projects, then we are already doing much more than all governments. The interesting thing here is that this type of tokens create an economy that is based on the generation of sustainable assets”, says Villegas.

That is why experts say that the use of the blockchain has become a key tool, since it enables the creation of models that provide greater transparency, reliability and accessibility for anyone who wants to be part of them, contributing to the mitigation of change. climate.

As the CTO of Unergy points out: “Currently, they are essential to efficiently mobilize financial resources towards projects that promote social and environmental sustainability, and in our case, energy efficiency.”