Leveraging blockchain technology for innovative climate finance under the Green Climate Fund

Schulz, Karsten; Feist, Marian

doi:10.1016/j.esg.2020.100084

Cited by 58 publications

(29 citation statements)

References 23 publications

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“…Másfelől viszont fennáll annak a kockázata, hogy a szabályozatlan digitalizáció teljesen új kihívásokat eredményezhet. A nem megfelelően kontrollált digitalizációs folyamatok például a politikai, jogi vagy pénzügyi rendszerek alapvető megzavarásához vezethetnek (Schulz & Feist, 2021). Más szerzők pedig arra hívják fel a figyelmet, hogy a digitalizáció negatívan befolyásolhatja a fenntarthatósági célok megvalósítását, a digitális technológiák széles körű alkalmazásához szükséges megnövekedett energiaigény miatt (de Vries, 2018; Mora et al, 2018).…”

Section: Cikkek Tanulmányokunclassified

FinTech és blockklánc alapú megoldások alkalmazási lehetőségei a zöld pénzügyekben

Horváth

2022

Veztud

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A klímavédelmi törekvésekhez kapcsolódóan napjainkban egyre nagyobb figyelmet kapnak az ún. zöld pénzügyek, amelyek elsődleges célja a fenntarthatósággal összefüggő célkitűzések, projektek finanszírozása. A zöld pénzügyek elterjedését azonban számos tényező gátolhatja. Az egyre intenzívebb digitális transzformáció és az új technológiák nagymértékben támogathatják a zöld pénzügyek fejlődését. Jelen cikkben a szerző két fintech – zöld robottanácsadás, zöld közösségi finanszírozás – és két blokklánc alapú megoldást – felhasználók közötti finanszírozási és befektetési, valamint felhasználók közötti kereskedési platformok – mutat be, amelyek segíthetik a zöld finanszírozás minél szélesebb körben történő elterjedését. A vizsgált megoldásokról összességében elmondható, hogy megkönnyítik a pénzügyi forrásokhoz való hozzáférést, bővíthetik a befektetői bázist – beleértve a kisbefektetőket és a magántőkét –, valamint új finanszírozási mechanizmusokat kínálhatnak a zöld projektek ötletgazdái számára. A cikk feltárja azt is, hogy az ismertetett megoldások a zöld pénzügyek elterjedését gátló tényezők közül főként a pénzügyi akadályok mérséklésében nyújthatnak segítséget.

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Section: Cikkek Tanulmányokunclassified

FinTech és blockklánc alapú megoldások alkalmazási lehetőségei a zöld pénzügyekben

Horváth

2022

Veztud

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“…Podcasts appeared to be a medium of choice for this purpose (Resnick and Jackson, 2018;Sustainable Jungle and Lemons, 2018;Wolpert and Koo, 2019). The activity of driving the excitement around blockchain technology had begun to influence discussions around its applications to climate change (Hull et al, 2021;Schulz and Feist, 2021).…”

Section: Stakeholders and Institutionsmentioning

confidence: 99%

Blocked chains of governance: Using blockchain technology for carbon offset markets?

Round

Visseren-Hamakers²

2022

Front. Blockchain

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Information and communication technology (ICT) plays a critical role in environmental governance; however, research into power in governance has not focused on the impact of ICT. In this study, we analyze the use of blockchain in a voluntary carbon offset market using the “Four Faces of Power” (compulsory, institutional, structural, and productive) conceptual framework to determine how ICT can change the power dynamics within a network of stakeholders. Proponents have proposed that blockchain technology can solve several issues that carbon marketplaces and offsets face, such as cybersecurity, traceability, and financial liquidity. Despite these proposals, there is little scholarship on existing cases using blockchain in carbon offsets. We found that the use of blockchain technology by the company Veridium changed the compulsory and institutional power dynamics within the network of stakeholders it was a member of. Veridium’s choice to use blockchain technology was likely the result of structural and productive power dynamics surrounding the technology at the time. The power dynamics changed because the use of blockchain for Veridium’s carbon offset market caused additional stakeholders to join the network of stakeholders. The new stakeholders held greater compulsory and institutional power than Veridium. This research contributes to the limited scholarship focused on ICT and power in environmental governance. Empirically it contributes to the ongoing discussion around the possibilities of blockchain technology for climate policy.

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“…Not only are there limited resources available to cope with the eminent socio-ecological, economic and health crises but, more importantly, the conventional logic of budgeting is still dominant in financing sustainable development and climate actions. Yet, innovative forms of climate finance and budgeting are urgently needed for mitigation, since large-scale investments are necessary to significantly reduce emissions (Schulz & Feist, 2020). With regard to adaptation and disaster risk reduction, budgeting is often aimed at addressing long-term crises or designed as a one-time response after a particular disaster has taken place.…”

Section: Case Study 3: the Climate Chain Coalition (Ccc)mentioning

confidence: 99%

“…Forecast-based financing (FBF) is now considered a cutting-edge tool of policy making that dynamically allocates resources where they are needed the most. Innovative FBF aims to avoid overlaps and gaps in the financing instruments of international development cooperation and could lead to new forms of climate finance and governance, especially in combination with solid forecasting tools and the issuance of funds via blockchain-enabled "smart contracts" 11 that are triggered by evidence-based indicators (Schulz & Feist, 2020). To date, several members of the CCC are actively involved in developing such innovative financing instruments based on DLT.…”

Section: Case Study 3: the Climate Chain Coalition (Ccc)mentioning

confidence: 99%

Exploring the governance and implementation of sustainable development initiatives through blockchain technology

Schulz

Gstrein

Zwitter

2020

Futures

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Societies at large still grapple to categorize digital space as a phenomenon. At the same time, scientists and developers are searching for innovative methods to better understand how the fundamental shifts caused by digital change will affect the future of humanity over the coming decades. Interdisciplinary governance research at the intersection of technological and environmental foresight is urgently needed to minimize the risks of technological change and explore how digitalization may support, hinder or re-shape sustainability transformations. In this article, we focus on the case of 'blockchain' or distributed-ledger technology (DLT) to investigate how recent digital technologies may support the implementation of sustainable development initiatives. Our investigation is centered on areas of public administration and governance which will most likely see an adoption of DLT over the next two decades, such as digital identity, social service provision, and innovative climate finance. To allow for a meaningful comparison of various use cases, we propose four guiding questions that can help researchers, decision-makers and practitioners to determine whether DLT might be an appropriate choice for the sustainability-related task at hand. Moreover, we illustrate how the initial design and subsequent implementation of DLTs may support more centralized or networked modes of governance.

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Leveraging blockchain technology for innovative climate finance under the Green Climate Fund

Cited by 58 publications

References 23 publications

FinTech és blockklánc alapú megoldások alkalmazási lehetőségei a zöld pénzügyekben

FinTech és blockklánc alapú megoldások alkalmazási lehetőségei a zöld pénzügyekben

Blocked chains of governance: Using blockchain technology for carbon offset markets?

Exploring the governance and implementation of sustainable development initiatives through blockchain technology

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