Blockchain Climate Institute (BCI), Caribbean Community Climate Change Centre (CCCCC) & Climatecoin work together on incubator project

Blockchain Climate Institute (BCI), Caribbean Community Climate Change Centre (CCCCC) & Climatecoin work together on incubator project

Blockchain Climate Institute (BCI), Caribbean Community Climate Change Centre (CCCCC) & Climatecoin announce at COP27 the signing of a cooperation agreement as part of their project to incubate climate blockchain solutions in the Caribbean Region.

In addition to beauty, one thing Caribbean countries have in common is their vulnerability to frequent and costly natural disasters caused by climate change. When risk cannot be avoided or mitigated, relying on disaster financing facilities may be the only recourse. Innovative risk-sharing tools provide countries with additional relief in managing the risks of these natural disasters.

Blockchain is a powerful tool that can significantly improve the transparency, accountability and traceability of greenhouse gas emissions.

The partnership, led by CCCCC, BCI and Climatecoin, can help these efforts by linking solutions that contribute to stabilising greenhouse gas (GHG) concentrations in the atmosphere at a level that prevents dangerous anthropogenic interference with the climate system.

The CARIBBEAN COMMUNITY CLIMATE BLOCKCHAIN INCUBATOR (CCCBI), would comprise on technical demonstrations on climate asset tokenisation, policy and regulatory support, and project development and pilot testing, ensuring that CCCCC member states can better apply the benefits, implement emerging digital technologies and accelerate local climate actions at later stages in the CARICOM.

This allows information essential for addressing climate change, such as greenhouse gas emissions from industrial sectors, tourism, and others, to be continuously updated from a multitude of sources, shared transparently, and reviewed in consensus to ensure accuracy.

"Connecting and ensuring interoperability so that we can facilitate climate action with greater security, transparency and agility, through the tokenisation of assets and their subsequent conversion into a Climatecoin digital climate currency". Javier Manzanares, CO-CEO Climatecoin.

Read the press release: https://jamaica-gleaner.com/article/news/20221124/earth-today-caricom-climate-change-centre-inks-deal-bring-blockchain-education