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Blockchain Could Help To Facilitate Paris Agreement Carbon Goals, According To A New Report
Summary: Microsoft in partnership with universities in Germany and Denmark released a paper on Monday, June 22 exploring the possibility of utilizing blockchain technology to meet carbon emissions accountability guidelines outlined in the Paris Agreement. Article 6.2 of the agreement is meant to lay out a framework for international emissions trading relations to provide an incentive ...
Microsoft in partnership with universities in Germany and Denmark released a paper on Monday, June 22 exploring the possibility of utilizing blockchain technology to meet carbon emissions accountability guidelines outlined in the Paris Agreement.
Article 6.2 of the agreement is meant to lay out a framework for international emissions trading relations to provide an incentive to release less carbon dioxide.
The paper argues that currenct mechanisms for tracking carbon dioxide emissions are insufficient because they are manual, centralized, and fragmented. Blockchain could help correct these weaknesses by providing a system that is transparent, more automated, and secure.
By Emily Mason
Tags: Blockchain,carbon emissions,Paris Agreement
Link: Blockchain Could Help To Facilitate Paris Agreement Carbon Goals, According To A New Report [Copy]
