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 GHG absorption.
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 need to increase the absorption capacity of the planet. Study group established in YASAVA, to support the goal of double CO2 offset for AÏZEN program. Project named internally as OXÏ-ZEN.
Program technologies & partners defined Technology definition through blockchain.
Establishing global metric for carbon Sequestering 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.
ECA + 1st round Investment
Conclusion of successful investor on-boarding, including early contributors for COOÏ payment tokens.
TGE + Beta Launch
Token Generating Event, following operational launch of platform. This commences the start of initial trading between Launch Emitters and Launch Convertors, allowing for the first direct global peer to peer balancing of CO2.
Going live for global transactions between all Emitters and Convertors to engage in trade and balancing of CO2. On-boarding of first OXÏ-ZEN catalysts.