Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

UN announces blockchain coalition initiative for enhanced climate action

The UN Climate Change secretariat has announced a Climate Chain Coalition which will aim to explore and use blockchain technology in support of climate action.

Last month, multi-stakeholder group of 25 organizations working on distributed ledger technology (DLT) agreed to establish the coalition. The global initiative currently counts 32 members and is open to more sign ups.

“The UN Climate Change secretariat recognizes the potential of blockchain technology to contribute to enhanced climate action and sustainability,” said Massamba Thioye, who is leading UN Climate Change’s work exploring DTL and blockchain.

The CCC seeks to advance collaboration among members working on issues of common interest, and to help enhance the environmental integrity and results of DLT applications for climate. The members have agreed on shared principles and values to facilitate and guide activities for capacity building, networking, research, governance, demonstrations, and pilot projects.

Blockchain technology could help 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 fully and promptly mobilize this potential, broad collaboration among stakeholders is needed to direct resources to priority areas, avoid duplication of effort, and help avoid the pitfalls of working on a new technology with countless unknowns,” Thioye said.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-04-26 01:30:57
0m
2019-04-26 00:42:33
0m

April 26 01:30 UTC Released

AUImport Prices*

Actual

-0.5 %

Forecast

Previous

0.5 %

April 26 01:30 UTC Released

AUBudget, Year-To-Date, C$*

Actual

4.5 Bln CAD

Forecast

Previous

4.4 Bln CAD

January 31 00:00 UTC 648153648153m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 648153648153m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 659973659973m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 648153648153m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 659973659973m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 648153648153m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 648153648153m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 648153648153m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.