How does EAAS fit into the EU Green Deal strategy implementation?
An increase in global temperature caused by greenhouse gas emissions leads to extreme weather conditions, including droughts, floods, and the degradation of weather-dependent industries. The changes can cause anxiety to consumers, who started forcing companies and organizations to counteract the release of CO2 into the atmosphere. That is why the European Union created a strategy named the European Green Deal, aiming to achieve climate neutrality by 2050. How does EAAS fit into the implementation of this strategy?
Climate neutrality means, i.a., zero carbon dioxide emission, which can be achieved in two ways. The first option is to reduce emissions by using alternative energy sources and changes in industrial and agricultural processes. The second one is the compensation by balancing the CO2 produced with systems that capture more than they produce, such as oceans, soils, and forests. Let’s focus on the first point.
Taking the responsibility
First, changes in energy policy were undertaken by international corporations and enterprises that recognize ecology as important. They were followed by smaller companies and local governments, formulating new strategies or making commitments to use less energy in production processes, protecting the environment, and implementing a circular economy. This means, i.a., modernization of the transport fleet, replacement of lighting, saving water, packaging change, and waste recycling. However, there is also another way. Some new companies have been established to aim for sustainable energy consumption and track its origin. EAAS is one of them because decentralized energy has a potential for mass change of environment based on any natural (green) energy source. There is a glaring need for a service that will aggregate liquidity, facilitate and automate energy trading with more security and efficiency, and provide better usability and transparency for any user.
What can people do?
Concerns about the increased greenhouse effect are also causing people to transform their consumption habits. According to a survey conducted at the end of 2019, 69% of consumers worldwide choose or change products and services based on their impact on the environment. Thanks to the growing environmental awareness, people turn from passive consumers to prosumers on a large scale. They switch to renewable energy en masse, produce it and even have surpluses to sell. This is where the interests and needs of the European Union, consumers, and green energy producers come together – thanks to EAAS.
How does it work in practice?
In a nutshell, EAAS offers an innovative digital token of green energy created by a trusted source to be used, stored, or swapped on energy exchange. The company aims to earn healthy returns while contributing to global clean energy production. The EAAS token provides investors with an opportunity to improve their living standards, provide access to modern energy services and reduce the reliance on fossil fuels. In practice, EAAS is a hardware box based on ERC20 that supports frictionless decentralized applications (dApp) integration and intuitive cross-chain swapping. EAAS gives prosumers the possibility to sell the energy with the certificate of origin. Till now, it was a rare thing addressed to big players (producing at least 1 MWH) only — traceability information is limited at the energy supplier level. When the information is based on blockchain on a decentralized network, everyone is equally important, and the system is reliable and transparent. EAAS offers transparency and traceability, allowing you to determine where exactly renewable energy comes from. EAAS also monitors the decentralized grid to provide a better forecast and adapt to the fluctuating demands of the grid through IoT devices powered by AI and Data analytics.
– Climate neutrality and decoupling economic growth from the consumption of natural resources are two goals set out in the European Green Deal. The action plan is about transforming crucial business areas – energy is one of them. I am proud that EAAS as a company can give a small help in this groundbreaking transformation – said Greg Krzeszowski, CEO and founder of the company.