Clover Climate Alliance
Investing in Nature: Shaping the Future
Change is never easy, especially when we have to give up what we have become used to. As citizens of Planet Earth, we have all become accustomed to a certain way of life, especially those of us living in urban environments and developed countries. But it is now clear that our lifestyle is having a detrimental effect on mother earth and that we need to change and change fast.
As global citizens we face some hard choices. Change and take immediate action to alter the course of history or perish as mother nature exerts its wrath. Governments and world leaders have for decades tried to reach an agreement to lower average global temperature to below 2 degrees Celsius compared to temperatures before the Industrial Revolution.
For every fraction of a degree in warming, we will see the full impact of climate change and extreme weather: intense and deadly heat waves; drought and floods; wildfires and cold snaps. Entire species face extinction. “The world is on a catastrophic pathway,” noted United Nations Secretary General Antonio Guterres.
The question facing us is can we alter course?
Can we stop this destruction of the planet?
What as citizens can we do?
TOGETHER WE CAN SHAPE THE FUTURE
The United Nations believes that blockchain, the technology lying behind digital tokens/online currencies, could be of great benefit to those fighting the climate crisis, and help bring about a more sustainable global economy. One of the most useful aspects, as far as the UN is concerned, is transparency.
Because the technology is resistant to tampering and fraud, it can provide a trusted and transparent record of transactions. This is particularly important in regions with weak institutions and high levels of corruption.
This is why Clover Climate Alliance is launching a global initiative to put together, and make available the funds to finance, a unique portfolio of CO2 removal strategies because no single intervention will be successful on its own.
THE SOLUTIONS ARE ALREADY THERE
Research has shown that afforestation and reforestation will be most productive in tropical regions, whereas solar radiation differences in the more northern latitudes with more albedo (reflection of light back into space) mean those countries will likely have better luck investing in the more technological interventions, such as carbon capture and biomass extraction.
The need to deploy these solutions is imminent. To reverse climate change’s effects, 33 gigatons of existing greenhouse gases must be removed this year and every year moving forward; based on a recent study in the journal Scientific Reports.
“If you do the math, you have to deploy all carbon removal opportunities to their maximum capacity. That is the only way that we will reach our societal climate targets” says Lucas Joppa, Chief Environmental Officer, Microsoft.
Initiatives that must be financed to reach net-‐zero, include those which reduce emissions of harmful gases as well as enhancing or protecting the natural solutions which capture those gases, like forests and the ocean and new technologies including direct air capture.
THE FUNDING IS WHERE THE PROBLEM REALLY IS
The Climate Finance will be a double-digit trillion dollars undertaking and are expected to come from a wide range of public and private funding sources, which are supporting innovative climate action initiatives at a local, national or transnational level.
A variety of financial instruments are already being used to provide climate finance from green bonds to direct project-based loans to direct investments in energy or technology providers.
CLIMATE CRISIS DIGITAL TOKEN
(Clover-CLX)
The immediate actions to kick start the Clover Climate Alliance will be:
Re-‐forestation of large tracks of land in Indonesia and other parts of Southeast Asia. We will crowd fund a Clover Climate Corp of 100,000 young people to plant trees in their countries, especially in rural areas. Indonesia has made impressive progress in reducing deforestation over the past few years but areas that have been left bare need to be re-‐forested.
Plastic pollution poses a grave threat to the climate; food safety; human health; coastal tourism. At least 8 million tons of plastic end up in our oceans every year and make up 80% of marine debris. Reducing plastic waste is therefore an urgent action that will be core-‐agenda item for Clover Climate Alliance.
Tokenization of forest land. Imagine being able to own the equivalent of one square meter of forest land (to help preserve and protect the environment) and have the option to trade that token on an exchange. Tokenization will unlock access to previously unavailable capital adding liquidity to the financial system. By doing so, it will provide new opportunities for investors to invest in ESG initiatives.
Recruiting 1 million GenZ and Millennials as Clover Climate Champion; from the students and alumni of universities and institutions of higher learning.
Inviting all organisations, grassroots groups and NGOs who are taking action on climate change; to join the Clover Climate Alliance. We will encourage and empower the 1 million climate champion to support or get involved with the organisations or initiatives that align with their interests and passions.
Private Placement of the first US$100 million of Clover-CLX to sophisticated investors, High Network Individuals and Family Offices via an investment bank. 30% of the proceeds will be deployed to buy gold bullion from an Asian Central Bank as Clover Reserve Assets. Up to 50% of the proceeds is earmarked to be invested with an ASEAN Sovereign Wealth Fund in Renewable Energy and Waste Management. The balance 20% will be deployed to fund the projects of Clover Climate Alliance.
To make our planet whole again, we cannot rely on others to act. We ourselves must act now. In doing so, together, we can shape the future.
Ambassador Dino Patti Djalal
Chief Envoy for Clover Climate Alliance
linkedin.com/in/dino-patti-djalal-7476499
Shoeb Kagda
Special Envoy for Clover Climate Alliance
Spokesman for Clover Country
linkedin.com/in/shoeb-kagda-33b56222