Hello JoeH and thanks for your question!
I don't know if you are familiar with the Clean Development Mechanism (CDM) of the UNFCCC. CDM is one of the flexibilization mechanisms of the Kyoto Treaty (KT) and generated CERs (which stands for Certified Emission Reduction), also known as one of the 3 official "carbon credits". Between 2006 and 2012 the official carbon credit market traded US$160 billion per year. With the end of the first period of the KT on December 2012 and the inefficacy of the UNFCCC to establish new targets and timeframes for the second period, the penalties on greenhouse gas emissions ceased to exist and the market collapsed.
What were the errors of the Kyoto Treaty?
1/. To base the whole framework on punitive measures (ie. fines);
2/. Disregard of the market;
3/. The inflexibility and dogmatism related to climate change, parting from the principle that global warming is anthropic and not admitting any further scientific discussion.
The ZerO2Nature (O2N) system evolves from the KT, making the most of its marvelous structure and going beyond.
To fix error number 1 of KT, the ZerO2Nature system focuses on the monetization of diseconomies. This means that in a very intuitive way, despite of its technical rigor, the O2N generation of ecological credits refers to Diseconomy Traded Units, or DTUs. These DTUs always refer to measured volumes of removed pollution, that can be relative to water, forests, biodiversity, hydrocarbons, minerals and productive cycle optimization.
Considering diseconomies as negotiable units, we move to KT error number 2. The 6 possible types of DTUs are originated in projects that remove pollution directly or through the preservation of natural resources. The project cycle has the following flux: (a) project design document; (b) validation; (c) registration; (d) verification; (e) certification and (f) issuance of DTUs. Thus far, we have a system that is similar to CDM but generating ecological credits instead of carbon credits. But here ZerO2Nature evolves and transforms the different types of DTUs into DTUcoins (DTX). While Bitcoin and all other altcoins have their costs associated to computing infrastructure and electricity, the DTX has its costs based on the effective removal of measured volumes of pollution. Ergo, the monetization of diseconomies permits that all types of pollution be treated under one common denominator.
With respect to error number 3 of KT, the O2N system is completely open to all kinds of ideas that result in methodologies directed to the removal of anthropic negative emissions.
As you can see JoeH, the process is very complex and comprehensive. If you are interested in knowing more about the whole process, I suggest that you read the founder's article: Epiconomy and the Future of Employment at
https://www.zero2nature.com/articles/.
I hope you like the proposal of making money while removing pollution from nature. All productive processes that make money create pollution. Our process also aims to make money, but the consequence is a cleaner world.
