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Now that Glasgow’s climate peak is over, the world’s leaders have all flown back to their countries, and there is a bit of bitterness in our mouths.
A lot of consensus has been reached at the top on what should be agreed, and many plans and commitments have been made. Regarding carbon emissions, reducing coal use, and funding for sustainable development, the list of actual agreements is very small. Except for one, that is, the end of deforestation by 2030.
Nature-based solutions, especially forests, can play a vital role in mitigating the worst effects of climate change. Now, with the set date target, the pressure from the government and the public is increasing, demanding the rapid launch of a well-executed nature-based solution (NbS) global plan to store hundreds of millions of tons of carbon each year And protect biodiversity. However, the current NbS project is hampered by long-term insufficient funding.
Considering these profound challenges on how to fund and verify progress towards this goal, blockchain may once again be the answer.
a new one Cambridge Center Establishing a decentralized carbon credit market and supporting global reforestation efforts may be advances that nature needs. The center will bring together computer scientists and conservation scientists to complete this work.
Built on an energy-saving, self-upgradable proof-of-stake blockchain Tezos, The center will use artificial intelligence and satellite sensing to build a decentralized verifiable carbon credit market.
The center is located in the Department of Computer Science and Technology and the Institute of Conservation. It has two main goals: to support students and researchers in related fields of computer science, environmental science, and economics; and to create a decentralized market for the purchase of carbon credits Can confidently directly fund trusted nature-based projects.
The center will be in Tezos Blockchain, because it operates in a sustainable way, is in line with the center’s vision of supporting a sustainable future through technology. The goal of the market is to provide them with funds through market-based tools, thereby exponentially increasing the number of truly nature-based conservation and restoration projects.
Center Director Dr. Anil Madhavapeddy said: “Currently, certification systems that measure and report on the value of carbon and related benefits such as biodiversity conservation and poverty reduction provided by NbS are costly, slow and inaccurate.” “These systems undermine the NbS carbon credit. Trust. What we need is a decentralized market where carbon credit buyers can confidently directly fund trusted nature-based projects. This is the void that the center aims to fill.”
Andrew Balmford, Professor of Zoology, said: “The new commitment recently announced at COP26 to halt and reverse forest loss and land degradation by 2030 demonstrates that forests play a crucial role in carbon capture and the health of the planet. Important role. The new center can play an important role in supporting key research to develop new and trustworthy mechanisms to support reforestation projects.”
The center will support 12 doctoral students and post-doctoral researchers, and invest in building a scalable and trustworthy NbS market prototype. Researchers funded by the center will come from the Department of Computer Science and Technology, Zoology and Plant Science, and the Artificial Intelligence Doctoral Training Center to study environmental risks.
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