Section 4. Blockchain for Fraud-Free Emissions Management
In God we trust; all others must bring data.
Anonymous
Efficient mobilization of private climate finance relies on a trustworthy mechanism. To achieve the goals of the Paris Agreement, this mechanism may be a cross-border trading of carbon allowances or credits. Article 6 provides a vehicle for such trading by allowing voluntary cooperation involving “Internationally Transferred Mitigation Outcomes” (ITMOs). Talks around ITMO may be hollow unless the accounting rules for emissions reductions achieved in different carbon markets are harmonized and the risk of double counting of carbon credits minimized.
A common carbon accounting system necessitates reliable processes on which to base the ...
Get Transforming Climate Finance and Green Investment with Blockchains now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
