Connecting the National Carbon Accounts of the world to enable cross-border collaboration in emissions reductions.

The Blockchain Technology

Innovation in Non-Fungible Tokens (NFTs), Cryptocomposable Tokens (cNFTs) and Unique Fungible Tokens (UFTs) on the Ethereum blockchain let us track every tonne of CO2 from its source, through national account, to global footprint. Deployment of a “Proof of Authority” (PoA) consensus algorithm allows all participating nations to run a validation node and be part of securing the blockchain.

Join the National Parties Working Group

We are convening a working group of National Parties (governments) to help vision and establish a tool to operationalize Article 6 of the Paris Agreement using the blockchain. If you, or a National Party you know are interested in helping create the future and deliver the tools needed to execute ITMO transfer across borders, please let us know.

Building Trust in Carbon Markets

Climate change can only be beaten with international collaboration. Well-functioning, efficient,trusted carbon markets allow capital to flow where it can be best used to reduce emissions and make life better. Internationally Transferred Mitigation Outcomes (ITMOs) contemplated under Article 6 of the Paris Agreement hold unparalleled promise as a vehicle to enable a powerful global carbon market. Yet in the flexibility and adaptability of ITMOs lie their potential undoing - as issuance of an ITMO alone will not be sufficient to ascertain underlying quality. Unmitigated, this presents an unacceptable risk to market participants and overseeing governments. Blockchain for Climate has designed the BITMO Dashboard to allow fast, easy, transparent demonstration of ITMO quality - enabling governments and buyers to easily assess and trust the quality of emissions reductions outcomes.

Canadian Carbon Account Working Group

Canada is the focus of our initial work to put an individual National Carbon Account on the Blockchain. By undertaking this work on Canada’s Account, we aim to unlock a massive shift towards investment in landscape-based projects, triggered in 2017 by Canada inclusion of “anthropogenic landscape management” carbon emissions on its National Carbon Account.