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Nature’s Vault crew at B20
Phil Rickard, CEO at Nature’s Vault, introducing the SAWA Project
NUSA DUA, BALI, INDONESIA, November 11, 2022 /EINPresswire.com/ — Singapore based mostly local weather tech firm, Nature’s Vault, announces the launch of the grassroots SAWA Project during a speech given by CEO & Founder Phil Rickard on the B20 Investment Forum in Bali, Indonesia as a facet occasion of the G20 Summit.
Nature’s Vault’s mission is to develop revolutionary and impactful options that fight local weather change, particularly greenhouse gasoline emissions and ecosystem degradation. In April the corporate launched the gold-linked Legacy Token (NVLT), the world’s first blockchain answer that protects ecosystems above and adjoining to potential mine websites by way of the tokenization and preservation of quantified, unmined gold reserves. The purpose of the Legacy Token is to stop environmental injury related to pointless gold mining.
SAWA, the corporate’s second challenge, is a large-scale carbon elimination and meals safety answer for South East Asia. The challenge is predicated in Indonesia, the place the burning of crop residues end in important greenhouse gasoline emissions. In addition, Indonesia is prone to dropping a majority of its farming workforce inside a technology as a result of low earnings and lack of alternative.
The SAWA Project addresses these issues by way of the diversion of crop residue waste to create BioChar, a carbon sink and confirmed soil modification. The firm purchases waste biomass instantly from farmers, offering extra earnings streams, after which returns a portion of the BioChar produced again to farmers to advertise the well being of their fields. Nature’s Vault tasks that the SAWA Project will take away over 10 million tons of CO2 over a 15-year interval and can create an estimated 1,500 jobs for the Indonesian economy.
Phil Rickard commented “Crop burning is responsible for 3.5% of global Greenhouse gas emissions globally, of which Asia contributes 50%. Moreover, we need to remove 2.5 billion tons of Carbon Dioxide equivalent annually by 2030 to limit global warming to 1.5 Degrees. We are excited to be at the B20 Investment Forum to announce the SAWA Project which is designed to be a scalable, equitable and sustainable solution that targets the removal of 10 million tons of Carbon Dioxide equivalent over 15 years. And we are just getting started.”
Jason Wagner
Nature’s Vault
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