On 11 September 2018, the Climate Chain Coalition (CCC) will host the Cooperation and Resource Mobilization for Blockchain Technology for Enhanced Climate Action in San Francisco, CA.
The Climate Chain Coalition (CCC) is an open global initiative to support collaboration among members and stakeholders to advance blockchain (distributed ledger technology) and related digital solutions (e.g. IoT, big data) to help mobilize climate finance and enhance MRV (measurement, reporting and verification) to scale climate actions for mitigation and adaptation.
The Climate Chain Coalition was launched during the One Planet Summit on December 12, 2017 in Paris, France (the 2nd anniversary of the Paris Agreement), as a multi-stakeholder group working on distributed ledger technology (DLT, i.e. blockchain). As of August 2018, over 100 organizations from 25 countries have joined the CCC.
Digital innovation and especially Distributed ledger technology (blockchain) can be very important enablers of enhanced climate action.
DLT and blockchain could:
- strengthen monitoring, reporting and verification of the impacts of climate action
- improve transparency, traceability and cost-effectiveness of climate action
- build trust among climate actors
- make incentive mechanisms for climate action accessible to the poorest
- support mobilization of green finance.
To encourage exploration and eventual use of this technology in support of climate action, the UN Climate Change secretariat initiated and facilitated the creation of the Climate Chain Coalition. In light of the importance of the California Global Climate Action Summit for the implementation of the Paris Agreement and in order to tap into the unique innovation and technology development potentials of California, the Climate Chain Coalition is organizing workshops and a public networking event in the context of GCAS2018 to facilitate broad collaboration among all relevant stakeholders and in order to galvanize financial as well as intellectual resource mobilization for the creation of the technological infrastructure for multi-stakeholder engagement in climate action.