The Blockchain & Climate Institute (BCI) acknowledges the White House’s position on the importance of additional research into less-energy intensive Distributed Ledger Technology (DLT), offering the proviso that: Research into newer, low-energy versions of DLT must be encouraged to continue, as a priority. We welcome the recent White House report titled “Climate and Energy Implications …
It is worth bearing in mind that COP negotiations are not the only way to find solutions to global problems. What COP does is reaffirm the signals that negotiators have been sending to markets. I believe markets had got the message that coal’s days were numbered even before Glasgow. And they already regarded fossil fuel investments as risky. Of course, whether markets pull out of fossil fuels altogether and the rate they do so depends on many factors including, national policies. So governments need to step up to the plate with a realistic carbon price and end fossil subsidies.
The Carbon Risk Real Estate Monitor (CRREM) is an EU-funded research consortium that aims to mitigate those risks and accelerate decarbonisation and the resilience of commercial real estate. At the current rate, the EU carbon budget, allocated to the sector until 2050 (i.e. 24 GtCO2e for a 2˚C scenario), is only expected to last until 2039, which underlines the importance of the project.
In the real estate industry, transition risk includes the failure of properties to meet future market expectations or regulatory requirements relating to energy consumption and greenhouse gas emissions. To measure the climate transition risk of UK real estate, we leveraged a tool from a recently completed EU-funded research project called CRREM (Carbon Risk Real Estate Monitor).