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Intergovernmental Panel on Climate Change (IPCC) report concluding that “rapid, far-reaching and unprecedented changes

 

With concerns continuing to grow over climate change, and the latest Intergovernmental Panel on Climate Change (IPCC) report concluding that “rapid, far-reaching and unprecedented changes” are now required (source), many industry leaders are looking for ways to address the problem.

Not-for-profit firm emmi has utilised blockchain technology to meet this challenge, and develop a decentralised solution.

Founder Michael Lebbon explains: “In the past, governments were required to instil trust and confidence in a policy or platform, but this is no longer necessary thanks to the inherent nature of the blockchain,” he says.

“A decentralised carbon pricing registry, on the blockchain, is guaranteed to be trustworthy, transparent, and incorruptible. As a result, we can provide a framework for businesses to coordinate and collaborate in their efforts to reduce greenhouse gas emissions, without having to rely on the support of a national government.”

Powered by the blockchain, the open source decentralised emmi carbon trading platform offers a simple, robust, and scalable solution that has a low implementation cost for emitters.

Moreover, the system can link seamlessly between participants to build up a truly external carbon price across the economy/globe.

Emitters would effectively work together as a co-op, with the blockchain ensuring that the reported carbon emission reductions are accurate and accountable.

“The latest climate reports are telling us that urgent action is required, now more than ever,” says Michael. “Having spoken with senior energy industry insiders, many are willing and eager to step up and work together to reduce their business’ carbon emissions. They’re keen to pursue all avenues available to solve the problem. It’s all about collective leadership, and that’s a great way forward.”




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Betty Tűndikhttps://vegnew.world
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management, and store management skills to my experience throughout my career. Throughout my career, I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when I and my husband started a business with an online/organic webshop & healthy lifestyle consultancy. I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgment or negative reactions, this is thanked my knowledge in holistic therapies and the naturopathy courses I've followed. I cannot leave for my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma. Thanks to all my experiences I've decided to venture into publishing and writing, while also continuing to learn many new things daily. I hope you enjoy reading my hand-picked news and check back for my weekly articles.