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, Zurichjuerg.fuessler@infras.ch

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Source: Juerg Fuessler