To Effectively Address Climate Change, We Need Innovative Greenhouse Gas (GHG) and Energy Accounting Methods

Authors: Max Pinnola – ESG Lead, Envision Blockchain; Paul Breslow – Innovation Director, EDF

Foreword/Preface

“For Earth Day 2022 our goal is to share voices from the Hedera community highlighting ways we can address climate change and explore uses of Hedera to support monitoring or mitigating technologies to climate impacts, including exchanging of liabilities for greenhouse gas emissions or for improved energy accounting. We want to thank our authors Max Pinnola of Envision Blockchain and Paul Breslow of Electricite de France for sharing their views in this blog post.

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Can we rely on climate and GHG claims if they are based on 2-year old emissions data, double-counted renewable energy benefits, and lack proper validation and verification?  

In this article, we will detail some of the current data quality and management challenges related to measuring greenhouse gas (GHG) emissions, and ultimately achieving carbon neutrality. In addition, we will discuss how innovative Distributed Ledger Technology (DLT) technology can be used to solve these issues and more effectively measure, verify, and track GHG emissions and renewable energy, and digitally decarbonize the energy sector and beyond. Hedera’s highly energy-efficient DLT can be a key factor in building trust into energy and carbon markets by managing MRV (Measurable, Reportable, Verifiable) data in a  decentralized, immutable, auditable, transparent, and streamlined environment. The Guardian is a solution that enables the streamlining and automation of data validation and verification in a fully transparent and decentralized environment.  ‍

‍To be more specific, The Guardian is a modular open-source solution that includes best-in-class identity management and decentralized ledger technology (DLT) libraries. At the heart of the Guardian solution is a sophisticated Policy Workflow Engine (PWE) that enables applications to offer a requirements-based tokenization implementation. The Guardian can be used to model and track verification processes and tokenize MRV data based on standardized requirements in a decentralized, transparent, and immutable environment.” 

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About Envision Blockchain Solutions

Envision Blockchain Solutions is a Blockchain Ledger Agnostic Systems Integrator. Our mission is to reshape and align today’s Enterprise systems allowing organizations to recognize the new value in tomorrow’s Industry Vertical Solutions. The management team has years of Fortune 500 experience and has built a team of subject matter experts in Blockchain and Business Transformation Processes within Emerging Technologies. We focus on guiding organizations through 3 major milestones on their Blockchain journey: Use Case Analysis, Proof of Concept Development and Enterprise Scaled Deployments.