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Federal Open Market Committee (FOMC) | Meeting calendars
21.09.2022

 

FOMC

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Other news VIEW ALL

NEWS
30.09.2022
Race To Zero Campaign

Race To Zero is a global campaign to rally leadership and support from businesses, cities, regions, investors for a healthy, resilient, zero carbon recovery that prevents future threats, creates decent jobs, and unlocks inclusive, sustainable growth.

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It mobilizes a coalition of leading net zero initiatives, representing 1,049 cities, 67 regions, 5,235 businesses, 441 of the biggest investors, and 1,039 Higher Education Institutions. These ‘real economy’ actors join 120 countries in the largest ever alliance committed to achieving net zero carbon emissions by 2050 at the latest. Collectively these actors now cover nearly 25% global CO2 emissions and over 50% GDP.

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Led by the High-Level Climate Champions for Climate Action – Mahmoud Mohieldin and Nigel Topping – Race To Zero mobilizes actors outside of national governments to join the Climate Ambition Alliance, which was launched at the UNSG’s Climate Action Summit 2019 by the President of Chile, Sebastián Piñera.

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The objective is to build momentum around the shift to a decarbonized economy ahead of COP26, where governments must strengthen their contributions to the Paris Agreement. This will send governments a resounding signal that business, cities, regions and investors are united in meeting the Paris goals and creating a more inclusive and resilient economy.

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Race To Zero

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NEWS
28.09.2022
Net Zero Tracker

 

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We analyse all countries and territories, every region in the 25 largest emitting countries and all cities with 500,000+ inhabitants.

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.Net Zero Tracker

Net Zero Tracker

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NEWS
26.09.2022
WEF Launches Crypto Sustainability Coalition to Leverage Web3 Technologies in Climate Change Battle

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The World Economic Forum (WEF) has launched the Crypto Sustainability Coalition, an initiative dedicated to assessing the role of Web3 technologies in the fight against climate change. The organization, which is composed of 30 companies, educative groups, and other institutions, will research the impact of the energy consumption of these technologies, and how they can be used to aid the current decarbonization efforts.

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WEF to Use Web3 to Fight Climate Change

Web3, a term that groups cryptocurrency and blockchain-based technologies, is currently in the spotlight of energy groups that seek to determine if the use of these technologies is pernicious for the environment. The World Economic Forum (WEF) has decided to take these technologies into account, launching an initiative to investigate if they can be useful to the current fight against climate change.

The initiative, which was announced on September 21, is called the Crypto Sustainability Coalition, and it is composed of 30 different companies, educative organizations, and other institutions interested in this issue. Among these are known cryptocurrency-linked projects, like Solana, Avalanche, Circle, NEAR Foundation, Ripple, and the Stellar Development Foundation, among others.

This coalition, as part of the Crypto Impact and Sustainability Accelerator, another bigger initiative launched this same year, will inquire about the different ways in which these companies can organize to help in this endeavor. Brynly Llyr, head of blockchain and digital assets of the World Economic Forum stated:

An important and unique aspect of Web3 is that it uses technology to support and reward direct community engagement and action. This means we can coordinate the work of many individuals directly with one another, enabling collective action without centralized control.

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Different Study Areas and Criticism

This new initiative has already created different workgroups to investigate three key subjects related to crypto, blockchain, and their usage. One of these points has to do with the energy usage of these technologies, and how these can impact the climate and nature in the future.

Another of the key points has to do with how these Web3 technologies can change and be leveraged in order to decarbonize current activities. These applications might include mining and other decentralized activities.

The third subject has to do with standardizing and putting carbon credits in the blockchain, making the issuance and management of these instruments more transparent and trustable, and opening the doors for more people to participate in these markets.

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WEF Launches Crypto Sustainability Coalition to Leverage Web3 Technologies in Climate Change Battle

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NEWS
26.09.2022
PGF7T token info, Green, Web3, Dapps

PGF500 has a token on the Ethereum network, called PGF7T, which you can use to pay for subscriptions and services within the PGF500 platform.

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You will need to have Metamask to pay with PGF7T token.

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We have chosen to adopt blockchain technology for the launch of 2 innovative decentralized Dapps.

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We believe in Web3 and in the strength of communities.

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The token is on the Ethereum smart contract 0x9fadea1aff842d407893e21dbd0e2017b4c287b6 ,

and the code is public at https://etherscan.io/address/0x9fadea1aff842d407893e21dbd0e2017b4c287b6#code

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QuickSwap smart contract:

0xdd0fDc648a9dbC9be5A735FE4561893a13399Da2

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🔴 It is possible to buy and sell PGF7T tokens on Uniswap and QuickSwap Exchanges.

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PGF7T token will be listed on other Exchanges soon.

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Price:  PGF7T

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..Our NFTs

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Enjoy the Journey 🚀

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PGF500 Team

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NEWS
24.09.2022
Web3 tech can be used to fight climate change. Here is how | World Economic Forum

How Web3 could help tackle climate change using regenerative finance – or ‘ReFi’

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  • The global fight against climate change is above all a coordination problem, with investment and policies not being allocated in the most efficient way possible.

  • Decentralized Web3 technologies could improve coordination around tackling climate change because they use local knowledge and actors to guide policies and put funding where it’s needed.

  • The World Economic Forum has launched the Crypto Sustainability Coalition, dedicated to spotlighting real-life use cases for Web3 technologies.

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Climate change is a global coordination problem. The system has failed to coordinate effective policies and capital investment into the commitments necessary to address the most pressing threat to humanity.

To avoid greater loss of life, biodiversity and infrastructure, accelerated action and ambitious climate policies are required to adapt to climate change and rapidly reduce emissions.

So far, progress on adaptation is uneven and the chasm between action taken and what is needed to manage the risks is growing. There are several reasons for this: concerns about the compatibility of decarbonization with economic development, the fairness of global burden sharing on climate mitigation and the risks of competitive disadvantage in both domestic and international markets — to name but a few.

Global coordination technologies that can transcend the mass bureaucratization of climate action are urgently needed. This is where Web3 innovation could help.

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Regenerative Finance

Web3, a new iteration of the internet that harnesses blockchain to “decentralize” management, has positioned itself at the heart of the regenerative finance movement, or “ReFi” — a new economic paradigm that operates at the intersection of climate action and Web3 communities.

ReFi is anchored in decentralized finance, or DeFi, and the theory of regenerative economics. DeFi refers to an alternative financial system focused on the democratization of financial goods and services. Regenerative economics focuses on the creation of systems that restore and preserve the physical resources essential for planetary well-being.

Today, ReFi is a call to action, galvanized by the need to address both the failure of traditional markets to account for the negative externalities of carbon emissions, and the inefficient allocation of resources. This is also a call to action for policymakers to provide legislative direction and support for Web3 innovation in applications as an impetus to positive environmental and social outcomes for all, not just the privileged few. Progress on this latter front is making some headway.

Recently, The White House Office of Science and Technology Policy (OSTP) released its long-anticipated report on Climate and Energy Implications of Crypto-Assets in the United States which provided a balanced and nuanced purview into the Administration’s climate priorities, as it relates to the potential of digital assets. President Biden’s Executive Order explicitly stated the nation’s interest in responsible financial innovation, and since then has reiterated the criticality of a discussion of the potential uses of blockchain that could support technologies for monitoring or mitigating climate impacts.

The emergence of Web3 technology, values and ideas inherent to the ReFi movement can mobilize capital to fund the climate crisis solutions currently being researched by the OSTP, and within the time and at the scale required for the United States to fulfill the Paris Climate Accord’s global commitments. As greater interest and research, as well as robust policy, is invested into the ReFi space, the more effective the incentive for individuals and businesses to take care of the planet.

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Using Web3 tech to reverse ecosystem degeneration

Among the most pressing challenges that Web3 could address are deforestation, land degradation and desertification — life-threatening issues causing food insecurity, biodiversity loss, forced displacement of local communities and the acceleration of climate change.

The planet loses upwards of 80,000 acres of tropical rainforest every day — that is the equivalent of approximately 60,000 football fields a day. This impacts endangered species and climate-vulnerable geographies more severely than others. Africa is particularly vulnerable to land degradation and desertification. Desertification affects around 45% of Africa’s land area, with 55% of this area at a high or very high risk of further degradation.

Similarly, indigenous people are also impacted by the degradation of our land, soil and water. And despite there being about 500 million pastoralists in the world, they are often excluded from the land restoration agenda pulled together by mainly those privileged with the resources to adapt to climate change. Indigenous peoples have no alternative resources. Their resource is the land itself.

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The Crypto Sustainability Coalition

The ReFi movement has provided a space for innovators, creatives and advocates to reconceptualize climate action at a pace uninhibited by the bureaucracy and politicization rampant across legacy sustainability systems. Web3 climate tools and services share values inherent to ReFi and are foundational to the scale of global coordination needed to tackle climate change. These values include building cooperatives, democratic ownership within communities, optimizing community benefit, creative sustainability, radical inclusion, non-extraction and intentional restoration.

The World Economic Forum has formed a new initiative — the Crypto Sustainability Coalition — dedicated to these values and aimed at facilitating a balanced, research-driven narrative shift that spotlights the positive externalities and real-life use cases that abound the ReFi space.

The Crypto Sustainability Coalition is focused on how to leverage blockchain tools to achieve positive climate action. The Forum is collaborating with a multi-stakeholder community of purpose to bridge the gap between traditional and emerging sustainability systems, as well as demonstrate evidence-based thought leadership in a multi-chain Web3 world.

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Web3 tech can be used to fight climate change

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NEWS
23.09.2022
Per capita CO₂ emissions, 2020 Carbon dioxide (CO₂) emissions

Per capita CO₂ emissions, 2020 Carbon dioxide (CO₂) emissions from fossil fuels and industry. Land use change is not included

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Interactive version

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NEWS
22.09.2022
Regenerative approaches

For businesses who claim to care about climate change: the planet’s issues won’t be solved by “sustaining” anything.

Provenance Capital Group (PCG), co-founded by Adrian Rodrigues, has a mission to drive investment into what it calls “regenerative”, rather than sustainable, businesses. Most of its work to date has been in the agricultural industry, with companies like World Tree, a renewable timber and agroforestry company, and White Leaf Provisions, a family-run organic food brand.

When asked how quickly he thinks regenerative approaches will become mainstream, Rodrigues is hopeful. He highlights that the millennial generation is projected to inherit an estimated $41 trillion, and nearly 100 million acres of land, from the baby boomer generation over the next four decades. This is the most cumulative wealth and land that has ever changed hands in history.

Rodrigues has faith that the millennial generation will be less focused on return optimization, and that there will be a greater emphasis on what their investments are doing from a social and environmental standpoint.

Public awareness is growing for regenerative agriculture, yet it remains tough to get funding into the space due to a persistent and heavy emphasis on conventional agriculture. Giving farmers access to financing has been a crucial aim for Rodrigues and Provenance Capital Group.

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“We’re on the cusp of some pretty large trends that give us a ripe opportunity to change the way that we interact with our food system (…) So I am hopeful. But we can’t rest on inertia and just expect it to happen. We should all be working with a sense of urgency”, said Adrian Rodrigues.

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Is Sustainability the Right Goal for Businesses?

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Why regenerative is a better business goal than sustainable

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NEWS
19.09.2022
PGF7T crypto info, Web3, Dapps

PGF500 has a token on the Ethereum network, called PGF7T, which you can use to pay for subscriptions and services within the PGF500 platform.

.

You will need to have Metamask to pay with PGF7T token.

.

We have chosen to adopt blockchain technology for the launch of 2 innovative decentralized Dapps.

.

We believe in Web3 and in the strength of communities.

.

.

 

.

The token is on the Ethereum smart contract 0x9fadea1aff842d407893e21dbd0e2017b4c287b6 ,

and the code is public at https://etherscan.io/address/0x9fadea1aff842d407893e21dbd0e2017b4c287b6#code

.

QuickSwap smart contract:

0xdd0fDc648a9dbC9be5A735FE4561893a13399Da2

.

.

🔴 It is possible to buy and sell PGF7T tokens on Uniswap and QuickSwap Exchanges.

.

PGF7T token will be listed on other Exchanges soon.

.

Price:  PGF7T

.

.

..Our NFTs

.

Enjoy the Journey 🚀

.

PGF500 Team

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~~~

NEWS
16.09.2022
Green Stock Exchange Focused On ESG Seeks Path to Wall Street

  • Public firms to be required to meet ESG requirements or delist

  • GIX is seeking regulatory approval, expects to go live in 2023

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Wall Street may soon see a new stock exchange exclusively for environmentally focused companies amid a boom in demand for sustainable investments.

Green Exchange PBC is seeking regulatory approval to operate an exchange that allows investors to trade equities with a demonstrated commitment to ESG, according to executives. The Green Impact Exchange, GIX, would require public companies to show and stick to their ESG efforts, according to GIX Chief Executive Officer Daniel Labovitz.

“We are looking at how company’s govern themselves so green thinking isn’t just an afterthought, but threaded through their decision making from the very beginning, part of their core DNA,” Labovitz said in an interview.

Investments with stated environmental, social and governance aims are an increasing area of focus for corporate America as companies and investors look to preserve natural resources across the globe amid mounting political pressure. Some metrics used in determining the investments have been criticized for being hard to quantify, and at times with scant penalty when targets fall short.

GIX will enforce green-listing standards for companies, Labovitz said.

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“If you don’t do what is required you are delisted, which is a reportable, public event,” he said. “If you are not adhering to the standards, there is a penalty.”

Corporations that are registered on other stock exchanges, including Nasdaq Inc. and the New York Stock Exchange, can choose to dual-list. They don’t have to choose one exchange or the other.

Like other major US equities exchanges, the new trading platform will allow investors to buy and sell equities, but only those with a specific ESG focus. GIX is expected to go live in 2023 upon approval with the Securities and Exchange Commission, Labovitz said. Talks with the SEC are underway.

To help define ESG, other companies have added tools for certain investment goals. Last year, the NYSE developed a class of publicly traded assets tied to services that are beneficial to the environment. It also joined with workplace-equity platform Syndio to help measure pay and opportunity gaps.

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Read More: NYSE Adds Pay Equity, Opportunity Tracking Tools Amid ESG Push

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Investors have no shortage of exchange businesses to choose from. Nasdaq, Cboe Global Markets, and Intercontinental Exchange Inc.’s NYSE division each run multiple public exchanges, and there are dozens of private markets that operate inside banks. A new entrant will need sufficient investor interest to guarantee success. Already, with 16 equity exchanges, the competition for volume is fierce.

This would also be the first new exchange to register in the last two years, after MEMX, the Long-Term Stock Exchange and Miax Pearl got approval in 2020, according to filings with the SEC.

GIX’s founders hail from the NYSE, including Labovitz, who was previously in charge of writing regulatory policy, and Louis Pastina, former executive vice president in charge of operations at the exchange. James Buckley, regulation and compliance head at GIX, was former head of compliance at NYSE, according to the firm’s website.

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Green | ESG

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