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Blockchain Innovation Enabling Accelerated Implementation of the Paris Agreement
Juerg Fuessler, INFRAS and Climate Ledger Initiative World Bank Webinar 23 April 2019
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Mission: to accelerate the momentum for climate action under the ParisAgreement by fostering the use of the emerging blockchain technology.CLI’s activities:• Analysis and research• Innovation use cases• Platform for exchange and joint learning
The Climate Ledger Initiative (CLI)
Supported by the LIFE Climate Foundation, Government of Liechtenstein,Government of Switzerland, and EU’s Climate-KiC. climateledger.org
Collaboration with Network of partners including UNFCCC Sec., World BankThe CLI is jointly operated by: INFRAS and the Gold Standard Foundation Release COP Katowice 2018: Navigating Blockchain and Climate Action Report
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The Paris Agreement: a historic milestone
3Source: UNFCCC.int
4Source: Juerg Fuessler
Katowice: «technical COP», IPCC SR 1.5, [rulebook]
Blockchain Technology accelerating the implementation of the Paris Agreement and UN Sustainable Development Goals (SDGs)
Characteristics of Paris Agreement
• De-centralized, hybrid bottom-up and top-down approach
• Transparency as key pillar of PA
• Important role of measuring, accounting, tracking, reporting
• Exchange of information and review
• Important role of private sector players
Features of Blockchain/DLT Technology
• De-centralized notary, also for small systems
• Brings trust to peer-to-peer interactions
• Accessibility and distributed systems
• Increased transparency
• Permanent ledger
• Efficiency – Smart contracts
• Public / permissioned blockchain
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Risks: Lack in ambition levels and transparency
Risks: pilot/ demonstration stage, complex, high power consumption, only a hype?
Source: Climate Ledger Initiative
CLI 2018 Navigating Report launched at COP
Download on www.climateledger.org
6Source: Climate Ledger Initiative/ Gold Standard
CLI 2018 Navigating Blockchain and Climate Action Report
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Content in three Parts:
Chapter Author(s) Institution
PART 1: Blockchain for the Paris Agreement and Compliance
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Introduction – setting the sceneThe Paris Agreement – a bird’s eye view
J. Fuessler INFRAS & CLI
3Blockchain supporting a hybrid, decentralisedclimate treaty
Felipe De León MINAE, Costa Rica
4Networking carbon markets to scale up climate action
Rachel Wok, Susan David Carevic, Andrea Prada H
The World Bank
5 Measuring, reporting and verification Owen Hewlett The Gold Standard & CLI
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Accounting for climate financeTracking climate adaptation measures and their impacts
Cristian Retamal, IvánRazo-Zapata, Gustavo Arciniegas López
COCOA
CLI 2018 Navigating Blockchain and Climate Action Report
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Chapter Author(s) Institution
Part II: Blockchain for implementing climate action
8 Engaging corporations and Individuals Massamba Thioye UNFCCC Secretariat
9Combining innovative carbon taxation and blockchain
Nick BeglingerCleantech21, Hack4Climate & CLI
10Crowd financing for climate action, role of tokenisation
Sven Braden LIFE Climate Foundation & CLI
11Blockchain technology as a driving force for renewable energy development
Christian HübnerKonrad-Adenauer-Stiftung, Peru
12 Blockchain for corporate climate and sustainability Marion Verles The Gold Standard & CLI
Part III: Good blockchain
13 What blockchain technology is and how it worksSven BradenMadeleine Guyer
LIFE Climate Foundation INFRAS & CLI
14 Governance for blockchain and climate action Juerg Fuessler INFRAS & CLI
ENGAGEMENT WITH THE SDGsDigitizing MRV
EXAMPLE – CLEAN COOKINGAutomation of aspects of the MRV process by:
• Implementing use of IoT – Stove Usage Monitors
• Capturing data, categorising and time/stove stamping
using DLT
• Automating the calculation process through an online
application
• Pre-conditioning certain parameters for automatic
verification using AI
• Targeting higher risks using AI driven verification
• Automating the review and issuance process
• Updating the standard/methodology to empower this
approach
WOOD TRACKING PROTOCOL, WTP
A project supported by the SDC Office Peru: www.wtp-project.com
WOOD TRACKING PROTOCOL, WTP
A project supported by the SDC Office Peru: www.wtp-project.com
New CLI program 2019 – 2021: we are looking for promising use casesRegister on www.climateledger.org to getinvolved
Juerg FuesslerManaging PartnerINFRAS, [email protected]
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Source: Juerg Fuessler