During the One Planet Summit on December 12, 2017 in Paris France (the 2nd anniversary of the Paris Agreement), a multi-stakeholder group of 25 organizations working on distributed ledger technology (DLT, i.e. blockchain) held a meeting to agree to collaborate and establish an open global initiative called the Climate Chain Coalition (CCC).
DLT and related digital solutions (e.g. IoT, big data) can enhance MRV and help mobilize climate finance to scale climate actions for mitigation and adaptation.
The CCC mission is to advance collaboration among members working on issues of common interest, and to help enhance the environmental integrity and results of DLT applications for climate. The CCC membership agreed on shared principles and values to facilitate and guide activities for capacity building, networking, research, governance, demonstrations and pilot projects.
New members are welcome to join this open initiative and contribute to the transition to a climate-resilient economy aligned with the Paris Agreement.
For more information and to join the CCC, email Tom Baumann at email@example.com.
“It’s fantastic that the UN Climate Change secretariat recognizes the potential impact of blockchain technology on climate action and sustainability, and we’re thrilled to do our part in demonstrating how blockchain technology can -- and is -- contributing to a low-cost, low-carbon energy future.”David Martin, Managing Director, Power Ledger
“Be it as a distributed ledger or as an alternative currency, blockchain potential to drive transparency across value chains on sustainability attributes is of relevance for consumers, investors and policy makers. Its transformative potential requires that both its governance and application need to be properly designed to drive the transformational outcomes we desire. CDP is…Pedro Faria, CDP
“The Climate Chain Coalition brings together an open global community to collaborate on distributed ledgers and digital solutions as transformative tools in the quest to achieve goals for climate change and sustainability. We are guided by our shared principles and values to support the environmental integrity and efficacy of DLT applications to help mobilize finance…Tom Baumann, ClimateCHECK
As a member of the Climate Chain Coalition, our organisation agrees to cooperatively support the application of distributed ledger technology (‘DLT’, including ‘the blockchain’) and related digital solutions to addressing climate change by adhering to the following shared principles and values:
We recognize the massive challenge and urgency of global transition to a low-carbon and climate-resilient economy and align with the goals 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.
We will cooperate to support the rapid advancement of DLT solutions to address climate change across mitigation and adaptation through enhanced climate actions, including but not limited to the measurement, reporting and verification (MRV) of the impact of all sorts of intervention, and the mobilization of climate finance from diversified sources.
On the basis of these shared principles and values, we will collaborate on concerted activities and in the dissemination of outputs in relation to DLT solutions and support stakeholder capacity building with regard to the deployment of shared tools and systems to advance climate change governance, especially in developing countries.
We recognize that DLT evolves constantly and therefore, maintain a neutral position regarding the applicability of DLT.
We will collaborate to establish basic standards in the development of related tools in support of the efficacy of DLT applications for climate change governance.
We will collaborate on DLT-related solutions to be developed in the interest of cost-effectiveness, integrity, transparency, and empowering stakeholders in socio-economic systems.
We will collaborate on a proactive strategy to identify and seek to mitigate fraudulent activities associated with the application of DLT in climate change and sustainability governance in general, as appropriate.
As organisations concerned about environmental integrity generally and climate change specifically, we recognize some negative effects and current challenges of many DLT applications (in particular those using the blockchain with proof of work consensus) regarding their levels of energy consumption and GHG emissions. We are transparent and forthcoming while we actively seek appropriate solutions to address these challenges.
We recognize that climate change is one of the Sustainable Development Goals (SDGs) and will encourage the development of DLT-based innovations for climate change which can simultaneously contribute to the achievement of SDGs.