Using Blockchain Infrastructure in Green Investments for Better Transparency
At the end of 2015, the adoption of the Paris climate agreement moved the entire international community to commit to combating climate change. In particular the G20, asked the Financial Stability Board to address the risks associated with climate change. Over more than 100 companies had signed more than 3.5 trillion dollars of market cap to adopt the FSB framework on climate-related financial disclosures.
At the same time, another major step forward was taken at the French national regulatory level, to encourage the financial community to also engage with sustainability issues, with the adoption of Article 173 of the law on energy transition and green growth. In requiring investors to disclose how they factor ESG criteria and carbon-related aspects into their investment policies, paving the way to driving investments towards more sustainable patterns. An important challenge surrounding the French Energy Transition Law and the FSB Task Force on Climate related Financial Disclosures is the way it’s being implemented. Particularly on how to disclose the emissions exposure of signatory companies.
Disclosure and the adoption of new technologies are key variables to implement successfully green investments. It is estimated that trillions of dollars of global capital investment will be needed to build new infrastructure for low-carbon and climate-resilient cities. As a matter of fact, green technologies are already available and ready to be deployed at competitive costs to help decarbonize cities. Bitlumens bring these technologies to women in Latin America.
The blockchain infrastructure can support pension funds, asset managers and insurance companies overcome the challenges related to authenticity, double spending, transparency, immutability and security. Bitlumens deploys solar machines to give access to water and electricity to women living in rural villages. We tokenize (BITL) the output of these machines and investors can view where our machines are located, what is the credit score of our users and the amount of carbon mitigated.
