International collaboration on reducing greenhouse gas emissions is critical to halting climate change. A national accounting of emissions, connected through a ledger recording international transfer of emissions reductions, enables transparency and accountability on who is doing what for the climate. This in turn paves the way for proactive investment into climate projects, technologies and policies by creating a financial pathway for incentivizing emissions reductions and increased ambition. Blockchain for Climate Foundation is building the tools to achieve this goal using blockchain technology.
For the first time in the history of humanity, 196 countries have committed to work together to fight climate change. Under the Paris Agreement, each country sets its own unique, differentiated “Nationally Determined Contribution” (NDC) stating the specifics of how it is going to fight climate change.