Tropical rainforests are considered “The lungs of the planet Earth”. The “Amazon rainforest” is the largest in the world. It covers a large part of the northwestern region of Brazil and extends into Columbia, Peru, Ecuador, Bolivia, Venezuela, Guiana, Suriname, and French Guiana.
Between Aug. 1, 2021, and July 31, 2022, an area of 11,568 square kilometers (4,466 square miles) — equivalent to the size of Qatar — was cleared, according to preliminary analysis of satellite imagery released Nov. 30 by the country’s National Space Research Institute (INPE). The deforestation for the prior period (Aug. 1, 2020, to July 31, 2021) was 13,038 km2 (5,034 mi2), the highest since 2006. This information is sufficient to understand the depth of the dangerous situation the Amazon rainforest is in. No matter how important it is to the world for its biodiversity and as a carbon sink, illegal logging, and clearing of the forest in the name of development, take place daily.
“TMNZ” realized the importance of preserving this valuable ecosystem for the future generation and initiated the “Tokenize Amazon project”, built on blockchain technology.
The goals of the TMNZ tokenize Amazon project includes helping indigenous tribes to protect their sacred land by providing tools such as new-age drones and motion sensors to spot invaders and alert the tribe, helping small farmers find economical alternatives to deforestation, reforestation of the areas of the Amazon Rainforest that have been deforested and, buying and preserving lands that are threatened of deforestation.
One solution to conserve the trees in the Amazon is to implement a carbon credit system.
Carbon credits are a way for companies and individuals to offset their carbon emissions by investing in projects that reduce or remove greenhouse gases from the atmosphere. Under a carbon credit system, companies or countries that emit less carbon than their allotted emissions allowances can sell or trade their excess allowances to those that exceed their emissions limits.
Working with TMZN the carbon credit system in action is the Planetary Carbon Standard (PCS). PCS aids to conserve the Amazon rainforest and promotes sustainable development. The program assesses practices for conservation and mitigation of illegal logging to issue carbon credits as a way to incentivize local communities and businesses to reduce their impact on the forest.
The program works by providing carbon credits to communities and businesses that implement sustainable practices, such as agroforestry, reforestation, and sustainable logging. These credits can then be sold to companies and governments that need to offset their carbon emissions.
In addition, SavePlanet Earth and TMZN also work with local communities to provide education and training on sustainable land use practices, and to help them access markets for the sustainable products they produce, such as Brazil nuts, acai and rubber.
As a result of these efforts, the program has helped to reduce deforestation in the region and it has also helped to improve the livelihoods of local communities.
The team TMNZ chose the “Planetary Carbon Standard” (PCS) for their validation and verification purposes. PCS is a blockchain-based, simplified standard that can be used to evaluate environmental projects of all sizes, from all corners of the world. PCS uses artificial intelligence and the latest technologies to calculate the carbon sequestration of nature-based projects. Blockchain technology ensures transparency and real-time updates on Carbon credit transactions.
“Sri Lanka Climate Fund” (SLCF) acts as the validation and verification body of the projects undertaken by the PCS, and issues “Sri Lanka Certified Emission Reductions” (SLCER). SLCF uses PCS to verify and validate projects undertaken by them too.
TMNZ enables you to support preserving the lungs of the planet earth through its tokenized Amazon project.