Delegates from the Climate Chain Alliance spoke at the United Nations Climate Conference, also known as COP26, in Glasgow, Scotland on Tuesday.
The Climate Chain Coalition, or CCC, is a global environmental initiative of 250 member organizations and individuals that are using blockchain, distributed ledgers, or DLT, and other promising digital technology solutions to advance the growth of a climate-friendly economy. …
Organized by CCC Strategic Director Miroslav Polzer, which included Denby McDonnell, Tia Kanzara, and Cointelegraph Editor-in-Chief Christina Korner, the session was candid about the importance of topics ranging from non-fungible carbon tokens (NFT) to accountability in corporate practices. …
Denby McDonnell, Host of the Blockchain Climate Foundation, spoke at the session about the organization’s efforts to host the Paris Climate Agreement on the blockchain, highlighting Article 6.2, as well as discussing the recent launch of the new cryptocurrency platform BITMO.
“The BITMO platform allows the results of the acronyms to be issued and shared globally as non-fungible ERC-115 (NFT) tokens on the Ethereum blockchain.”
With the increasing use of carbon credits by technology companies to accurately verify and report on their carbon data, thinkers and experts in the field are calling for more negative carbon publicity, rather than what some see as environmentally friendly washing strategies.
McDonnell revealed the potential implications of the BITMO platform to facilitate transparent and accountable carbon reporting and said:
“BITMO is a secure accounting for the issuance, transfer and retirement of each country of internationally reported emissions reductions that can be aligned with national carbon records and future UN requirements.”
Representatives of the Climate Chain Alliance group at COP26
Tia Kansara, Executive Director of Replenish Earth and Special Adviser to the United Nations Framework Convention on Climate Change (UNFCCC) and newly appointed coalition member, spoke eloquently about the importance of using a range of technologies such as DLT. Implementation of a net positive economic model.
We face a two-pronged challenge. The first transcends national borders. At some point, we must transcend our own selfish opinions and our own national boundaries, and turn to the means by which we can control the global commons.
The chancellor cites the vision of former US President John F. Kennedy for a moon landing mission in 1962, as well as George Land’s notorious 1968 child genius study that said “uncreative behavior can be learned.” He said.
The second stage of consciousness. We cannot change our lives by reflecting on and extending the linear increasing models of the past, and we do so by looking at the latest technology.
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Also represented at COP26 on Tuesday was the independent advisory group Germanwatch, which published and presented its analytical results in the 2022 Climate Change Performance Index.
The composite index examined the environmental performance of 60 countries around the world and collected data on four criteria defined according to the agreed goals of the Paris Climate Agreement, then presented the results in a corresponding ranking list.
The group decided that greenhouse gas emissions (GGE) should account for 40% of the rating system, while energy use, renewables and climate policies should be shared equally, with a 20% share of the total.
Assessing growth in previous years, as well as specific targets publicly announced by governments, the index identified the United States, Canada, Russia, Algeria and Australia as just some of the most geographically significant countries worthy of the red rating, the latter being the world’s largest supplier of coal.
Good admission was in a very high category, which was empty despite Denmark, Sweden and Norway taking the top three places.
Among the largest industrialized countries, China rose to 37th place in recognized renewable energy gains, while the United States moved down the rankings to 55th, one place above the Russian Federation.
Index co-author Ian Burke shared his opinion on how readers and interpreters should rate the results:
“As in the last year, we don’t see a single country performing perfectly. Even the countries at the forefront are not doing well enough to be on the right track.