In response to net-zero carbon emissions, the famous Wude Palace in Beigang not only built a golden furnace with more environmentally friendly functions, but also spent NT$5 million to purchase carbon rights that can offset at least three years of carbon emissions, declaring it to be the world's first carbon emissions building. The temple of neutralization.
According to the Beigang Wude Palace Facebook page, as the number of believers continues to increase, the demand for gold-burning paper has increased significantly. In addition to the existing "Tianku Gold Furnace" certified by the Guinness Book of Records as the world's largest, the temple also has 17 The "basement gold furnace", which took six years to build, was put into use today, which can effectively filter suspended matter such as PM2.5 and reduce air pollution.
Yunlin County Magistrate Zhang Lishan affirmed the environmental protection measures of Wude Palace. She mentioned:
"In addition to being a major agricultural county, Yunlin County is also a major tourist and religious county. The density of ancestral temples is the highest in Taiwan. The two temples with the most popular incense and the largest number of pilgrims are both in Yunlin! Thank you Wude Palace for your long-term support. The county government fully supports the social welfare activities and adheres to the faith while not forgetting about environmental protection. It is very worthy of praise. I am honored to witness this event and hope that other temples will follow suit and work together to make Yunlin an environmental protection model county!"
Lin Anle, chairman of Wude Palace, emphasized:
"Although the golden furnace reduces suspended solids emissions, the combustion behavior cannot completely avoid the generation of greenhouse gases. The temple will continue to reduce carbon emissions and offset the greenhouse gases generated from 2023 by purchasing carbon rights to achieve carbon Neutralization goal. We will also become a pioneer in environmental protection in the religious community, driving a virtuous cycle and achieving the goal of carbon neutrality ahead of schedule.”
Based on the carbon inventory results, Taiwan Carbon Assets Company assists Wude Palace in purchasing international high-quality carbon rights, including Brazilian Amazon forest conservation, Southeast Asian clean energy and water source protection projects, etc. These carbon rights are in line with the United Nations Sustainable Development Goals (SDGs) and are sufficient to offset carbon emissions by 2025.
Carbon Economy and Two Major Trends of Cryptocurrency
The global carbon rights trading market is expected to reach billions of dollars in size by 2030, but the verification and decommissioning procedures of carbon rights are still full of challenges. Chugo Technology, a Taiwanese company that focuses on providing solutions for the entire life cycle of ESG carbon emissions, wrote that blockchain technology has the opportunity to solve long-standing problems in the carbon offset market, including: how to verify the uniqueness of a carbon credit, how to Ensure that carbon credits are "retired" and avoid double counting... and other issues.
The Carbon Crypto ecosystem currently has two major trends:
- Carbon rights monetization: Blockchain technology such as NFT has the characteristics of irreplaceability, non-mergerability, and destructibility, so it is particularly suitable for use in carbon credits.
The carbon offset trading platform developed by Brazilian startup Moss monetizes the carbon rights issued by carbon offset development projects, so that each ton of emission reductions corresponds to one MCO2 (the world's first carbon rights virtual currency). MCO2 this year Successfully listed on Coinbase. - Blockchain-driven carbon exchanges: NFTs, or tokenized carbon credits, have begun to be bought and sold on some carbon exchanges that apply blockchain technology. For example, Abu Dhabi has started to buy carbon rights on the AirCarbon Exchange. Become the first city in the world to achieve carbon neutrality.
