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Industry, Project Name, Organization Name, Description and scope.
Energy Blockchain Consortium
Industry: energy management
Project: EBC - energy management
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Gilbert Butler Maine Land Conseration
the European Green Deal
https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal_en
Climate change and environmental degradation are an existential threat to Europe and the world. To overcome these challenges, the European Green Deal will transform the EU into a modern, resource-efficient and competitive economy, ensuring:
- no net emissions of greenhouse gases by 2050
- economic growth decoupled from resource use
- no person and no place left behind
The European Green Deal is also our lifeline out of the COVID-19 pandemic. One third of the €1.8 trillion investments from the NextGenerationEU Recovery Plan, and the EU’s seven-year budget will finance the European Green Deal.
Goals for EU Green Deal
but nothing to address unmanaged population growth, a key factor behind environment, social and governance issues and challenges
Potential Challenges
Comprehensive, comparative analysis of multiple energy processes with common standards
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When you run the number, it turns out that one acre of forest absorbs about 2.5 tons of CO2 per year.
What is ReFi — The intersection of crypto and climate
https://www.linkedin.com/pulse/what-refi-intersection-crypto-climate-mitchell-board/
Regenerative Finance (ReFi) is a tool to solve systemic problems, such as climate change. Under this system, a positive impact is no longer a by-product of return on capital. Instead, the goal becomes positive change with financial return circulating amongst the community. It supports a shift from an economy that is extractive to one that is regenerative.
Carbon Markets on Web3 - Toucan
At the heart of ReFi today sits carbon markets. These opaque markets are underpinned by carbon credits — a form of token that represents 1MT CO2 (equivalent). Today, carbon credits are traded between
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https://app.regen.network/credit-classes/C01
This credit class provides a vehicle for nature based Verified Carbon Units (VCUs) to enter the blockchain space via issuance on Regen Ledger. It can be used by project developers, credit brokers, and other stakeholders interested in digitizing carbon credits issued by the VCS program to make them available in the emerging world of decentralized finance.
blockchain for carbon credits concept
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Blockchain technology — an immutable, globally accessible ledger of project data — ensures a transition to an on-chain carbon management system and market that is the first of its kind in the world, connecting supply and demand in a way that surpasses that of any current industry. .
Toucan - scale the impact of planet-positive projects by turning carbon credits into tokens with Toucan's infrastructure
Tokenized carbon allows for both large and small buyers to engage with carbon, with lower barriers to entry and more transparency.
Increase the value of your carbon credits
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Carbon Bridge to other chains
Our Carbon Bridge allows owners of carbon credits from verified sources to link each one to a unique digital token called a TCO2. These are stored in a smart contract on a blockchain database called the Open Climate Registry.
Carbon SDK + API
Help us scale climate solutions by using our developer toolset to build tokenized carbon into your next project.
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https://www.globalcarbonesg.com/
Learn how we combine carbon sensors, IoT, and Blockchain to help you baseline and manage your carbon footprint.
IBM puts carbon certifications on blockchain
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Revolutionizing renewable energy certificate markets with tokenization.pdf
enterprises purchase Renewable Energy Certificates (REC) which represent 1MWh of zero-carbon electricity generated by another entity. The seller of REC could be outside the region or country the enterprise is from. The enterprises then use the RECs to offset their carbon footprint and be compliant with regulations on carbon emissions and green standards.
Companies are looking to newer solutions to capture, analyze and report Environmental Sustainability Goals (ESG) information and reduce their environmental impact. A decentralized and immutable blockchain network, which leverages enhanced characteristics of distributed ledger technology (DLT) can greatly increase the adoption of energy certificates and ensure consumption closely matches the generation.
cumbersome carbon accounting process becomes simplified with significant cost savings, as smart metering and automations are introduced.
exchange of different amounts of energy and granularity of energy certificates. For example, energy certificates can be traded in smaller program time units (PTUs), such as the case of hourly certificates, becoming more in cadence with clearing and settlement
commercial-scale blue hydrogen, derived from natural gas and carbon capture and storage (CCS) and green hydrogen, produced from renewables-based electrolysis processes. This has led to surge in hydrogen project announcements working in conjunction with both the gas and renewable sectors. The energy generation using hydrogen and other mixed sources have some CO2 emission associated and needs to be captured in the certificates.
wide variety of implementations for tokenizing energy certificates, coupled with the fact that they are often at an infancy stage, call out for defining industry standards towards interoperability between networks in different geographical regions across the globe.
self-funding ecosystems are leveraging Ethereum-based (ERC-20) solutions by introducing a dual layer of tokenization. The purpose for public platforms of supporting two layers of tokenization is to provide end-users access to use their platform and contribute to corporate revenues and create exchangeable tokens encapsulating energy certificates.
P2P energy trading
A similar system is being developed by Power Ledger. With its own unique trade matching algorithms, prosumers and consumers can transact available power equitably, without favoring any of the participants. Other characteristics of this platform include pegging of native tokens to a local unit of currency and aggregation of individual meters in a single transaction. The trading group can be configured by either their application host or Power Ledger. WePower also offers an alternative solution on exchanging energy certificates via its native WPR token and auctions. WePower launched a financial derivative product, called Contract for Difference, to mitigate risk in corporate power purchasing agreements (PPAs).
ESG reporting on carbon
As organizations are by now committed to contribute to the Sustainable Development Goals (SDG), there is a need for an elegant solution which enables them to calculate carbon footprint and assist in creating their ESG reporting.
Tokenize energy certificates and reporting
solution (enerT) to tokenize energy certificates using Hyperledger Fabric and Tokens-SDK. Tokenization of energy certificates in a DLT platform can offer an intelligent solution with regards to full disclosure certification of energy. In addition to the amount of energy generated by mixed sources, tokens created in the network could also store other useful characteristic such as CO2 emissions in the energy supply chain.
A tokenized energy marketplace would offer a wide range of trusted certificates in terms of energy types and origin. Such a network would allow suppliers and consumers to trade energy certificates efficiently and inexpensively. A tokenized certification unit would be like what the container did for the shipping industry.
Google Maps GPS API
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