WHY WE ARE HERE
WE ARE RUNNING OUT OF TIME.
In a world that is warmer by two degrees Celsius – two degrees above pre-industrial levels is climate change’s “speed limit” – we're going to have at least 25 per cent more hot days, at least 25 per cent more heatwaves, more wildfires, 40 per cent of the population will be exposed to at least one severe heat wave every five years, the lengths of droughts will go up. This adds 400 million people to the ranks of those vulnerable to water scarcity and 200 million people to those currently vulnerable to droughts -- as well as flooding and increased extreme weather events like cyclones and typhoons. We’re seeing this already. Across the world, wildfires are more frequent. Crop yields are falling. Animal life is being devastated.
This year the UN chief proclaimed that we have received a “red code for humanity, sounding a death knell for coal and fossil fuels before they destroy our planet.” It’s time we take action.
PROBLEM
The Intergovernmental Panel on Climate Change or IPCC found that emissions from fossil fuels are the overwhelming cause of climate change, accounting for 89% of global CO2 emissions.
Yet Still.
Yet, according to the International Monetary Fund, we continue to this day to subsidize the production and burning of coal, oil and gas to the extent of $5.9 trillion or 6.8 per cent of global GDP. That’s $11 million every minute of every day making the climate emergency more acute
All directly hindering the expansion of renewable energy worldwide!
$11
million
a minute still given to
fossil fuels
SOLUTION
An environmental instrument called a Renewable Energy Credit (REC), can help. RECs – equal to 1MWh of renewables generated – are issued to renewable energy owners and bought by individuals worldwide to neutralize their fossil fuel footprint. This creates a marketplace to provide capital to renewable energy projects and incentivize new renewable development.
“Reneum uses the blockchain technology to digitize and democratize the market for RECs, creating the first global, digital marketplace, so everyone can participate. By buying a Reneum REC, you are contributing to new investment in renewable energy, helping YOU make a difference in the fight against fossil fuels.