Achieving net zero through tokenisation

July 18, 2024

One of the most important global societal goals for years to come is to reduce and remove greenhouse gases from our atmosphere. From the Paris Agreement, to the UK’s roadmap to achieve net zero government emissions, and the EU’s ambition of becoming a climate-neutral continent, many co-ordinated actions are now well under way. 

In this conversation, our Founder and CEO Richard Baker talks to Ciarán McGonagle, our newly appointed Chief Legal & Product Officer, about how it is possible to achieve net zero with the help of tokenisation of assets. 

There is an exciting opportunity to embrace tokenisation as a key tool to drive positive policy outcomes. Yet, the industry is not yet moving forward at sufficient pace in this space. The inherent characteristics of blockchain based solutions, being transparent and immutable, clearly can address issues of double counting and green washing, and introduce impeccable provenance to any asset. 

A dematerialised carbon asset lends itself perfectly to be represented in tokenised form on a blockchain. And through broad collaboration among industry actors and regulators it’s possible to drive change and reach positive results – which would make all of us benefactors! 

 

 

Read more about Tokenovate’s climate and carbon related activities and thoughts:

Tokenovate collaborates with Land Carbon 

Methodologies, standards and regulatory initiatives must be harmonised for voluntary carbon markets to work efficiently 

London’s Global City Initiative facilitating smart climate action

Blog

More from the Blog

Read what the team at Tokenovate is researching and discussing at work.View All Posts
Leadership promotions
By Richard Baker, Founder and CEO. At Tokenovate, we are actively shaping the future of financial market infrastructure. Our deep-tech trade lifecycle management platform, powered by blockchain, smart contracts, and tokenisation technologies, drives transformative innovation and operational efficiency for key players in capital markets, including banks, funds, brokers, exchanges, custodians, and clearing houses. As we…
Read Post
Bridging the Gap: Integrating Carbon Markets with Industry Standards
In a recent address to the International Organisation of Securities Commissions’ (IOSCO) Sustainable Finance Task Force, Scott O’Malia, CEO of the International Swaps and Derivatives Association (ISDA), highlighted the key opportunities and challenges facing the voluntary carbon market. He underscored the need for consistent standards, legal certainty, and transparency to build a trustworthy and efficient…
Read Post
Tokenovate is growing
We’re hiring!
We are seeking an experienced and highly skilled Cloud Architect / Lead DevOps Engineer to join our growing team.  This pivotal role will involve designing, implementing, and managing the automated deployment of our infrastructure and applications across multiple cloud environments. As the Cloud Architect / Lead DevOps Engineer, you will work closely with our development,…
Read Post