WHAT IS THE CLIMATE CHANGE COALITION
Climate Chain Coalition (CCC) is a global initiative open to support collaboration among members and stakeholders to advance blockchain (distributed general ledger technology) and related digital solutions (eg, IoT, big data) to help mobilize financing climate change and improve MRV (measurement, report). and verification) to scale climate mitigation and adaptation actions.
During the One Planet Summit on December 12, 2017 in Paris, France (the second anniversary of the Paris Agreement), a multi-stakeholder group of 12 organizations working on distributed accounting technology (DLT, ie, blockchain ) held a meeting to agree to collaborate and establish an open global initiative called the Climate Chain Coalition (CCC). As of August 2018, more than 100 organizations have joined the CCC.
To encourage the exploration and eventual use of this technology in support of climate action, the UN Climate Change secretariat initiated and facilitated the creation of the Climate Chain Coalition and contributed to the drafting of its letter of principles and values.
The UN climate change secretariat recognizes the potential of blockchain technology to help improve climate action and sustainability, said Massamba Thioye, who is leading UN work on climate change in the exploration of DLT and blockchain.
DLT and blockchain could:
Strengthen the monitoring, reporting and verification of the impacts of climate action.
Improve the transparency, traceability and profitability of climate action.
Build trust among climate actors.
Make incentive mechanisms for climate action accessible to the poorest.
Support the mobilization of green finance.
To fully and quickly mobilize this potential, extensive collaboration among stakeholders is needed to direct resources to priority areas, avoid duplication of efforts and help avoid the difficulties of working on a new technology with countless unknowns.
The mission of CCC is to promote collaboration among members working on issues of common interest and help improve the environmental integrity and results of DLT applications for climate. CCC members agreed on shared principles and values to facilitate and guide activities for capacity development, networks, research, government, demonstrations and pilot projects.
Members can join this open initiative and contribute to the transition to a climate-resilient economy aligned with the Paris Agreement.
Letter from the members of the Climate Chain Coalition
As a member of the Climate Chain Coalition, our organization agrees to cooperatively support the application of distributed ledger technology ('DLT', including 'blockchain') and related digital solutions to address climate change by adhering to the following shared principles and values:
1. Alignment with the long-term objectives of the Paris Agreement
We recognize the enormous challenge and urgency of the global transition towards a low-carbon and climate-resistant economy; Align with the objectives of the Paris Agreement. We will cooperate to support immediate actions by and for blockchain and related digital solutions that contribute to the achievement of this transition;
2. Advance of DLT for better climate change solutions
We will cooperate to support the rapid advancement of DLT solutions to address climate change through mitigation and adaptation through improved climate actions, which include, among others, the measurement, reporting and verification (MRV) of the impact of all types of intervention and the mobilization of climate financing from diversified sources;
3. Collaboration within the scope of the Coalition
Based on these shared values and principles, we will collaborate on concerted activities and the dissemination of products in relation to DLT solutions and support the capacity building of stakeholders with respect to the deployment of tools and shared resources. systems to promote the governance of climate change, especially in developing countries;
4. Technological neutrality
We recognize that DLT is constantly evolving and, therefore, we maintain a neutral position with respect to the applicability of DLT;
5. Commitment to standardization
We will collaborate to establish basic standards in the development of related tools in support of the effectiveness of DLT applications for the governance of climate change;
6. Dissemination of DLT benefits
We will collaborate on DLT-related solutions that will be developed for the sake of profitability, integrity, transparency and the empowerment of stakeholders in socio-economic systems;
7. Fraud mitigation
We will collaborate in a proactive strategy to identify and try to mitigate the fraudulent activities associated with the application of the DLT in climate change and the governance of sustainability in general, as appropriate;
8. Responsibility to address the challenges attributable to DLT applications
As organizations concerned with environmental integrity in general and climate change in particular, we recognize some negative effects and the current challenges of many DLT applications (particularly those that use the blockchain with consensus work test) with respect to their consumption levels of energy and greenhouse gas emissions. We are transparent and direct, while actively seeking appropriate solutions to face these challenges;
9. Sustainable development goals
We recognize that climate change is one of the Sustainable Development Goals (SDGs) and we will encourage the development of DLT-based innovations for climate change that can simultaneously contribute to the achievement of the SDGs.