Purpose
INATBA has several WGs working on sectors (e.g. Real Estate, Mobility, Energy…) that have cross-cutting issues (e.g. climate, SDGs…). However, these sectoral WGs have either a specific focus or a broad mandate (e.g. Social Impact). Climate change is both cross-cutting on sectors, as well as having an extensive scope onto itself (e.g. mitigation, adaptation, finance, …) within the scope of SDGs (i.e. SDG #13). Therefore, a new WG for Climate Action would be a valuable addition to INATBA members by having a focused workplan on Climate Action, while also cooperating with related INATBA WGs.
Initiate dialogue between standards bodies for climate MRV activities
Liaise with other article 6 and carbon market activities in the blockchain space, e.g. Carbon Warehouse from World Bank
Why is it essential?
Climate change is recognized globally as both a crisis and an opportunity requiring transformational change to attain sustainable societies and economies.
Recognizing the importance to support digital solutions for Climate Action, in cooperation with the UNFCCC Secretariat and the Climate Chain Coalition (CCC, a founding member of INATBA) supports building this Working Group and to promote to CCC members to cooperate with the new INATBA WG Climate Action to advance the proposed activities and outputs listed below.
Knowledge sharing and radical collaboration are essential to help blockchain and related digital solutions grow from early stage developments and to mature as scaled-up technology serving sustainability.
Working on this specific topic (Climate Action) is key for INATBA in order to identify the potential challenges and advance solutions to support blockchain to achieve the goals of the Paris Agreement while being also synergistic with the SGDs.
