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    Home » Utilizing digital assets to raise funds for climate change at COP28 Editorial
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    Utilizing digital assets to raise funds for climate change at COP28 Editorial

    By adminDec. 10, 2023No Comments3 Mins Read
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    Utilizing digital assets to raise funds for climate change at COP28  Editorial
    Utilizing digital assets to raise funds for climate change at COP28 Editorial
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    Disclaimer: The opinions and perspectives expressed in this article are the author’s own and do not necessarily reflect the views and opinions of the editorial team at crypto.news.

    The annual UN Climate Change conferences, known as COPs, bring countries from around the world together to address the challenges of climate change. COP 28 is scheduled to take place in Dubai, United Arab Emirates, from November 30 to December 12, 2023. Leading up to COP28, Jagan Chapagain, the Secretary General of the International Federation of Red Cross and Red Crescent Societies (IFRC), issued a stark warning, emphasizing that climate change is the root cause of nearly every humanitarian crisis faced globally.

    IFRC leaders and experts will advocate for a combination of mitigation, adaptation, and accelerated efforts to prevent and address losses and damages in order to avoid a humanitarian catastrophe. They stress the importance of focusing on adaptation at the grassroots level in communities most affected by climate change, which currently receive minimal funding for adaptation projects.

    At COP28, delegates will discuss establishing a damage fund to assist nations most impacted by the climate crisis. Additionally, individuals can donate digital assets to IFRC, with organizations like the British Red Cross accepting over 70 cryptocurrencies through email.

    Climate disasters also have a profound impact on biodiversity. A recent analysis by Aplaceforanimals delves into the threats faced by species due to climate change. Amphibians are particularly at risk, with 41% facing extinction. Of the 65,000 vertebrate species, a staggering 42,100 are under threat due to climate change.

    Countries like Indonesia, Australia, and Mexico are highlighted for the high number of threatened species. Aplaceforanimals assessed nations based on factors like species diversity and conservation efforts to provide an overall rating.

    The interconnectedness of climate and biodiversity underscores the importance of protecting our oceans and natural habitats. The Ocean Panel, UN Climate Champions, and other organizations will focus on sustainable ocean management at COP28, aiming to support the 100% Sustainable Ocean Management goal.

    UNESCO recognizes the importance of cultural heritage in the face of climate change. The opening of COP28 saw the display of innovative projects that aim to address climate change challenges. The UAE government plans to launch a Group of Friends of Culture-Based Climate Action to advocate for culture and heritage-based climate action at the UNFCCC.

    Various museums and organizations, including the Smithsonian Institution, are actively working towards integrating cultural heritage into climate action efforts. These entities have partnered with The Giving Block to facilitate cryptocurrency donations, which are tax-deductible and support charitable causes.

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