If you want to know more about how blockchain technology can help accelerate climate action and achieve the goals of the Paris Agreement, then this is the webinar for you.
Our webinar on April 30 seeks to jointly develop a more nuanced understanding of potential solutions with the goal to provide information to decision makers on the application of a DLT/blockchain solution to Article 6 of the Paris Agreement. The webinar will kick-off with a brief presentation of the recent UDP/TU Berlin work on blockchain in the context of Article 6.
Enhance efficiency and transparency
UNEP DTU Partnership (UDP) has, as a long-term contributor to the development of the Clean Development Mechanism, a strong interest in how Article 6 of the Paris Agreement will be decided and implemented. The Partnership is keen to support the political process through the development of enabling tools and awareness raising.
The UDP team, in collaboration with the TIM research group at TU Berlin, has analysed the Katowice COP24 Article 6 negotiation text and identified prospective blockchain approaches that can address specific barriers or enhance efficiency and transparency. In exploring the broader blockchain + climate ecosystem, UDP identified the work of the Blockchain for Climate Foundation as a key pathway to a critical aspect of Article 6 – the creation of an Internationally Transferred Mitigation Outcome (ITMO) registry and exchange system.
This webinar also includes a demonstration by the Blockchain for Climate Foundation, showing how they are “putting the Paris Agreement on the Blockchain” – connecting the National Carbon Accounts of the world to enable international collaboration in emissions reductions. An exploration of their innovative approach to ITMO token design using Non-Fungible Tokens on the Ethereum blockchain, using a Proof of Authority algorithm adds important insights into blockchain-based solutions and complements the UDP work from a more practical perspective. Information sharing, research partnerships and discussion on the strengths, weaknesses, opportunities and threats of their approach will help inform the next stages of buildout.
Based on these inputs, the webinar will provide a discussion platform for relevant questions to be raised during the SBSTA 50 session and subsequent Paris Rulebook negotiations.
Outcomes
• Advancing DLT/blockchain discussions towards the SBSTA 50 (June, Bonn);
• Discussion of critical design and governance questions;
• Opportunity to explore and contribute to a live demonstration of a blockchain-based ITMO registry and exchange system;
• Update on activities and identification of further research needs and collaboration opportunities.
Date & Time
30. April 2019 | 3 PM CEST – 5 PM CEST
Participation
Please use the following link: https://zoom.us/my/blockchain
