New global carbon market rules with an NFT cap-and-trade platform emerge from the UN’s COP26 conference.
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Delegate representatives from the Climate Chain Coalition spoke at the United Nations Climate Change Conference, also known as COP26, in Glasgow, Scotland on Tuesday.
The Climate Chain Coalition, or CCC, is a global environmental initiative consisting of 250 member organizations and individuals aligned to utilize blockchain, distributed ledger, or DLT, and other promising digital technology solutions to foster the growth of a climate-focused economy.
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Denby McDonnell, Program Manager, Climate Innovation at Ecotrust Canada and Blockchain for Climate Foundation, presented the exciting launch of the BITMO Platform. Here she speaks at the Climate Chain Coalition Press Conference on November 9, 2021, held at the 2021 United Nations Climate Change Conference in Glasgow, Scotland.
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Ecotrust Canada and Blockchain for Climate Foundation have partnered to put the Paris Agreement on the Blockchain. The work aims to connect the national carbon accounts of the world to enable cross border collaboration on emissions reductions. Our team is growing and we seek a Program Manager to drive program success, and adoption of the BITMO Platform by national party signatories to the Paris Agreement, successfully operationalizing Article 6 of the Paris Agreement.
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There are sustainability-focused uses of blockchain. The nonprofit group Blockchain for Climate is advocating for the technology to help connect the world's national carbon accounts to trade carbon-emissions reductions. There are also more environmentally friendly cryptocurrency alternatives, including SolarCoin (SLR), Cardano (ADA), BitGreen (BITG), Nano, and Hedera Hashgraph.
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Blockchain for Climate Foundation’s Joseph Pallant was interviewed on climate impact of blockchain, our work developing the BITMO Platform, and imperative of leaning in on climate action.
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Joseph Pallant is the founder of the nonprofit Blockchain for Climate Foundation. He says that there are ways that cryptocurrencies could become sustainable and even contribute to the Green Economy. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak Asia". (Source: Bloomberg)
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Blockchain for Climate Foundation’s Joseph Pallant
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Why Blockchain Holds the Key to a Greener Planet. RBC Disruptors Podcast with Carolyn DuBois of DataStream and Joseph Pallant of Blockchain for Climate Foundation.
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Over at Blockchain for Climate Foundation, (in addition to our work putting Paris Agreement on the Ethereum blockchain) we’ll be digging in to flesh out each of these areas to understand, and clarify paths forward to solve for the carbon emissions from NFTs.
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Marco Schletz, Blockchain for Climate Foundation’s Expert on UN Mechanisms will be delivering a workshop Friday, June 7th at Innovate4Climate in Singapore. He will be discussing Blockchain for Climate Foundation’s work “putting the Paris Agreement on the Blockchain” — connecting the National Carbon Inventories of the world to enable cross border collaboration in emissions reductions.
In our previous post, we highlight the case for linking international efforts to reduce greenhouse gas emissions by putting the Paris Agreement on the blockchain. In this post, we’ll dig deeper into our proposed unit of account by introducing the “Blockchain Internationally Transferred Mitigation Outcome”, or BITMO.
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International collaboration on reducing greenhouse gas emissions is critical to halting climate change. A national accounting of emissions, connected through a ledger recording international transfer of emissions reductions, enables transparency and accountability on who is doing what for the climate. This in turn paves the way for proactive investment into climate projects, technologies and policies by creating a financial pathway for incentivizing emissions reductions and increased ambition. Blockchain for Climate Foundation is building the tools to achieve this goal using blockchain technology.