Meet the Team: Jae Soo Yoo (Paul)
In this new series of articles, we want to introduce the people behind the CCET Project. One-by-one we will discover more about the individual team members, what their interested in and why/what they work on at CCET Project.
First in line is Jae Soo Yoo (Paul), who is Co-founder and Vice Chairman of CCET Project and also acts as CTO of the project.
What is your background and field of interest?
I started off my career studying Clean Development Mechanism (CDM) & Renewable Energy Galileo Master at the European Energy Centre. After I have worked as a CDM Specialty Developer for the last 20 years with numerous experience including affiliated organizations under UNFCCC. I am a global engineer with 20 years of working experiences as a CDM Speciality Developer in all regions ranging from Europe, Southeast Asia and many more.
CDM Specialty Developers are those who mastered 15 categories of CDM business and mastered more than 1,700 types of greenhouse methodologies; therefore, they are capable of creating new greenhouse reduction methodologies. There are only 70 professionals worldwide who qualify as CDM Specialty Developers.
I also lecture about CDM & CERs at various universities such as Han-yang university, Seoul University, etc.
How and why did you end up at CCET?
As CDM Specialty Developer I not only developed CDM but also traded CERs (Carbon Emission Reduction). However, as of recently (Paris Agreement 2015), the industry faces some issues with trades of carbon emission credit among continents and nations. To combat the issues and limitations of the current trade market. The inherent complexity and inaccessibility must be solved. I saw blockchain technology as an important facilitator for this solutions, which is exactly what CCET Project aims to achieve.
What exactly are you doing at CCET?
The technological ecosystem of CCET Project is consisted of standard computer science technology (20%) and cryptographic technology (10%). However, the biggest component (70%) is for MRV (Monitoring, Reporting, Verification) technology, which enables critical elements for CERs formation and authentication. This includes baseline, methodology, additional theories, monitoring and PPD (Project Design Document).
If we do not overcome the hurdle of MRV, we will not be able to implement a blockchain-based carbon emission credit market, which takes 70% of entire technology we require for CCET Project. As CDM Specialty Developer, I am responsible to actualize and to manage this part of the technology landscape and navigate CCET Project throughout this complex field.
What is your biggest achievement at so far?
The biggest achievements in my career are probably completing the ‘EEC(European Energy Centre) Galileo Master in Euro’ course (2003~2007) and gaining years of experience working for EVD, an affiliated office under UNFCCC.
Also, I have completed various studies and invented technologies related to renewable energy. I also invented the first CDM methodology (ACM0010) using livestock sludge and demonstrated its first simulation in Germany.
What are you most excited about regarding the future of CCET?
The ‘science & engineering mind’ at CCET Project excites me, as it does not allow any human error. Through the project, we pursue to lower earth temperature to the level of 1990s, by 2050 the latest. In order to do so, we should design and execute methods with this science & engineering mind.
I am especially excited about the CCET vision which is to create a new social value by enabling prosumers to participate in reducing the carbon emission levels together with the big-grit.
It is not easy to make obligatory CERs as blockchain type instead of normal voluntary VER. Someone must do it and I am grateful that I can be part of the project pursuing this. Our goal is to re-create the earth with a market ecosystem that is safe, transparent and clean.
What are your personal interests / hobbies / etc.?
I am a bookworm and read all kinds of literature including (but not limited to) humanities, philosophy, history, earth science and so on.Later in my life, I want to live in a place that is very calm like a monastery, surrounded by pure nature, strolling through the landscape and reading books.
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