GHG EMISSIONS MITIGATION, ADAPTATION & FINANCE TAKES EFFECT
195 signatory nations agree to the UN Convention on Climate Change in Le Bourget, France. It went into effect on 4th November, 2016, and seeks reductions in global GHG emissions.
GHG emissions need to be balanced by actual GHG sequestration.
All terrestrial carbon sinks on the planet all forests and vegetation, only absorb 30% of all human CO2 emissions, with 30-40% absorbed by oceans, and 30-40% remaining in the atmosphere and not being absorbed by the planet. Therefore, in addition to emission reduction, we urgently MUST increase the sequestration capacity of the planet. Study group established in YASAVA, to support the goal of double CO2 balance for AÏZEN program. Project named internally as OXÏ-ZEN.
Program technologies & partners defined Technology definition through blockchain.
Establishing global metric for carbon sequestration using satellite data. To include both terrestrial and marine carbon sinks.
Technology partners identified, launch emitters and converters start engaging.
Business plan adapted to include blockchain catalysts.
OXÏ-ZEN SOLUTIONS LLC
Company registered in Zug, Switzerland. It was decided to spin off the project as a separate legal entity, located in Zug, Switzerland, in the heart of the cryptovalley. Initial funding successfully completed.
STAP - GEF/UNEP
Workshop in Washington DC
OXÏ-ZEN presented at international workshop on invitation by Scientific & Technical Advisory Panel of the Global Environment Facility, United Nations (UN) Environment
Start of Test Phase of OXÏ-ZEN platform
Start of test phase of first modules of blockchain platform, concluding successful critical design review.
First one million hectares terrestrial carbon sinks / Partnership with RESTOR
Successful on-boarding of several Convertors in two continents! Partnership agreement with
RESTOR, a collaboration between ETHZ, Swiss Federal Technical University Zürich, The
Crowther Lab and GOOGLE.
Over hundred million tons annual CSC (carbon sequestration capacity)
A critical milestone achieved towards final launch. CSC based on both terrestrial and marine carbon sinks.
Going live for global transactions between all Emitters and Convertors to engage in trade and balancing of CO2.