Join our Peer Programming Call-In
We have a bi-weekly Peer Programming Zoom call for developers on Mondays at 9 AM US Pacific time (UTC-07:00 America/Los Angeles.)
We're currently implementing the Utility Emissions Channel and Net Emissions Tokens Network use cases together.
If you're interested, please check the calendar for the next call.
Mission
In recent years, businesses and investors have become increasingly aware of climate change and are now taking positive action to stop it. A great example is Microsoft's initiative to become carbon neutral and eventually carbon negative. For these initiatives to succeed, multiple parties including institutional investors, major corporations, supply chain partners, environmentalist groups, government regulators, and the general public must now work together, sometimes for the first time. This new collaboration in turn requires exchanging data and building trust across traditional boundaries.
Today, this is simply not possible. Some data, such as utility bills or shipping records, are held in those institutions' data siloes and are tedious to get. Most data, though, is just not available. Most products involve multiple materials and activities to manufacture and distribute, and the data for the carbon footprint of their raw materials and activities are not available. As a result, we have to rely on broad aggregates of national economic output instead of carbon emissions data for any particular organization or individual.
While it may never be possible to account for the exact carbon emissions of a single unit of product, just like it's not possible to account for the exact value or cost of single unit of production in traditional accounting, we need to improve the quality of carbon accounting so that it could be reasonably done at an organizational or a personal level. Only by doing so could we attribute climate impact and encourage climate action properly.
To do, every member of a supply chain would need to be able to get the data they need to make reasonable carbon emissions calculations of their products and services, and then be able to publish those emissions for the products and services they make. Those emissions calculations should be made by trusted auditors, or software developed by such trusted parties. Then customers or users in the next step of the supply chain could use those emissions data to calculate their own emissions. This would require transmitting data across a large number of organizations and activities across multiple industries and supply chains. The challenge is one of scope and scale.
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We will work closely with the Standards - WG as part of understanding the standards and implementing the technologies for climate accounting and the Consumer Disclosure Working Group to implement applications that consumers could use to understand their own CO2 emissions footprint.
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Presentation for Hyperledger Toronto:
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Get Involved
Subscribe to the Climate Sig mailing list for updates and meetings.
Meetings
We're part of the Hyperledger Climate Action and Accounting SIG Meetings – See you there!
We have a bi-weekly Peer Programming Zoom call for developers on Mondays at 9 AM US Pacific time (UTC-07:00 America/Los Angeles.)
We're currently implementing the Utility Emissions Channel use case together.
If you're interested, please check the calendar for the next call.
Scope
The current scope of this working group includes:
- Identifying standards for corporate climate accounting and certifications.
- Providing recommendations on how DLT's could complement or improve current industry processes.
- Implementing open source DLT software to demonstrate climate accounting and certifications.
- Promoting awareness and positive action in the larger Hyperledger and DLT community.
- Educating other stakeholders on the value of DLT's and Hyperledger in climate change.
Background
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- Auditing their greenhouse gas (GHG) emissions.
- Establishing a plan for reducing the company's own emissions over time.
- Purchasing carbon offsets to offset current emissions to achieve carbon neutrality.
- Obtaining a carbon neutrality certification from a certifying entity.
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Why Hyperledger
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Because it's a permissioned ledger, Hyperledger also does not need the proof-of-work algorithms used by public ledgers such as Bitcoins. This makes it both much faster and more energy efficient. Since our goal is to stop climate change, we would naturally want an energy efficient technology to do it with.
How to Get Started
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