Transforming Climate Finance and Green Investment with Blockchains

Transforming Climate Finance and Green Investment with Blockchains establishes and analyzes the connection between this revolutionary technology and global efforts to combat climate change. The benefits of blockchain come through various profound alterations, such as the adoption of smart contracts that are set to redefine governance and regulatory structures and transaction systems in coming decades. Each chapter contains a problem statement that describes the challenges blockchain technology can address. The book brings together original visions and insights from global members of the Blockchain Climate Institute, comprising thought leaders, financial professionals, international development practitioners, technology entrepreneurs, and more.

This book will help readers understand blockchain technology and how it can facilitate the implementation of the Paris Agreement and accelerate the global transition to a green economy.

Interlude I: How to Read This Book

Section 1: Scene-Setting - What’s Going On? 1: A Conversation with Dr. Kelce Wilson on the Foundations of the Blockchain Jack Aldane 2: A Conversation with Masterminds in Blockchain and Climate Change Alexander Harris 3: Blockchain 101: What is Blockchain and How Does This Revolutionary Technology Work? Sebastien Meunier 4: Decoding the Current Global Climate Finance Architecture Alastair Marke and Bianca Sylvester

Interlude II

Section 2: Blockchain for Smarter Renewable Energy Deployment 5: How Blockchain can Democratize Global Energy Supply Adam Woodhall 6: How Blockchains Will Industrialize a Renewable Grid Paul R. Brody 7: Efficient Power Markets: Reimagining the Global Market with Ethereum Adam Richard and Rob Hitchens 8: Flexibility Trading Platform—Using Blockchain to Create the Most Efficient Demand-side Response Trading Market Paul Ellis and Joanna Hubbard 9: NRGcoin—A Blockchain-based Reward Mechanism for Both Production and Consumption of Renewable Energy Mihail Mihaylov, Iva´n Razo-Zapata and Ann Nowe´

Interlude III

Section 3: Blockchain for Smoother International Climate Finance Transfers 135 10: Blockchain—Powering and Empowering the Poor in Developing Countries Jane Thomason, Mira Ahmad, Pascale Bronder, Edward Hoyt, Steven Pocock, Julien Bouteloupe, Katrina Donaghy, David Huysman, Tony Willenberg, Ben Joakim, Loretta Joseph, David Martin and David Shrier 11:   Disintermediating the Green Climate Fund Tim Reutemann 12:  COCOA—Crowd Collaboration for Climate Adaptation Gustavo Arciniegas, Iva´n Razo-Zapata and Cristia´n Retamal Gonza´lez 13: Using Smart Algorithms, Machine Learning, and Blockchain Technology to Streamline and Accelerate Dealflow in Climate Finance Neil Salisbury and Jenya Khvatsky 14: Addressing Water Sustainability with Blockchain Technology and Green Finance Anna Poberezhna

Interlude IV

Section 4:  Blockchain for Fraud-Free Emissions Management 15: Central Banks and Blockchains: The Case for Managing Climate Risk with a Positive Carbon Price Delton B. Chen 16: Carbon Deposits—Using Soil and Blockchains to Achieve Net-Zero Emissions Edward Dodge 17: Blockchain Ecosystem for Carbon Markets, Environmental Assets, Rights, and Liabilities: Concept Design and Implementation Anton Galenovich, Sergey Lonshakov and Alexey Shadrin 18: How a Blockchain Network Can Ensure Compliance with Clean Development Mechanism Methodology and Reduce Uncertainty about Achieving Intended Nationally Determined Contributions Steven Dunkel 19: Networked Carbon Markets: Permissionless Innovation with Distributed Ledgers? Adrian Jackson, Ashley Lloyd, Justin Macinante and Markus Hu¨wener

Interlude V

Section 5: Blockchain for Better Green Finance Law Enforcement 20:  How to Trust Green Bonds: Blockchain, Climate, and the Institutional Bond Markets Owen Sanderson 21: Utilizing Blockchain for Better Enforcement of Green Finance Law and Regulations Xiaochen Zhang, Matias Aranguiz, Duoqi Xu, Xing Zhang and Xinran Xu 22: Blockchain and Smart Contracts: Complementing Climate Finance, Legislative Frameworks, and Renewable Energy Projects James Duchenne

Policy-makers; professionals working on climate change, energy, finance, and international development issues; fintech investors and practitioners; scholars and upper-division undergraduates and graduate students in these areas

• Provides an authoritative examination of this emerging digital technology and its implications on global climate change governance
• Includes detailed proposals and thorough discussions of implementation issues that are specific to green economy sectors
• Relates innovative proposals to existing applications to demonstrate the value add of blockchain technology
• Covers blockchain for the smarter energy sector, for fraud-free emissions management, to streamline climate investments, and legal frameworks for blockchain-based climate finance