One of the most important global societal goals for years to come is to reduce and remove greenhouse gases from our atmosphere. From the Paris Agreement, to the UK’s roadmap to achieve net zero government emissions, and the EU’s ambition of becoming a climate-neutral continent, many co-ordinated actions are now well under way.
In this conversation, our Founder and CEO Richard Baker talks to Ciarán McGonagle, our newly appointed Chief Legal & Product Officer, about how it is possible to achieve net zero with the help of tokenisation of assets.
There is an exciting opportunity to embrace tokenisation as a key tool to drive positive policy outcomes. Yet, the industry is not yet moving forward at sufficient pace in this space. The inherent characteristics of blockchain based solutions, being transparent and immutable, clearly can address issues of double counting and green washing, and introduce impeccable provenance to any asset.
A dematerialised carbon asset lends itself perfectly to be represented in tokenised form on a blockchain. And through broad collaboration among industry actors and regulators it’s possible to drive change and reach positive results – which would make all of us benefactors!
Read more about Tokenovate’s climate and carbon related activities and thoughts:
Tokenovate collaborates with Land Carbon
London’s Global City Initiative facilitating smart climate action
