Decarbonisation, Digitisation, Decentralisation

COP and UNFCC analogy

24th Nov 2022

Decarbonisation is the reduction of carbon dioxide emissions using low-carbon power sources, achieving a lower output of greenhouse gasses into the atmosphere.

Decarbonisation is about reducing CO2 emissions from human activity, with the eventual goal of eliminating them. 

The 2015 Paris Agreement set an ambition to limit global warming to well below 2 °C above pre-industrial levels and pursue efforts to limit it to 1.5°C by following net carbon neutrality by 2050. The substantial reduction of global greenhouse gas emissions (including CO2) will limit global temperature increases. In practice, zero net emissions require shifting from fossil fuels to alternative low-carbon energy sources.

Recently concluded COP 27, with a breakthrough agreement to provide “loss and damage” funding for vulnerable countries hit hard by climate disasters.

Set against a complex geopolitical backdrop, COP27 resulted in countries delivering a package of decisions that reaffirmed their commitment to limit global temperature rise to 1.5 °C above pre-industrial levels. The package also strengthened government action to cut greenhouse gas emissions, adapt to the inevitable impacts of climate change, and boost the support of finance, technology and capacity building needed by developing countries.

Key outcomes of COP27

Technology

A new five-year work program at COP27 to promote climate technology solutions in developing countries and push for digitisation. 

Mitigation

COP27 significantly advanced the work on mitigation. A mitigation work programme was launched in Sharm el-Sheikh, aimed at urgently scaling up mitigation ambition and implementation.

Global Stocktake

Delegates at the UN Climate Change Conference COP27 wrapped up the second technical dialogue of the first global stocktake, a mechanism to raise ambition under the Paris Agreement. 

The Technology Executive Committee (TEC) and Climate Technology Centre and Network (CTCN) – the two bodies of the Technology Mechanism under the UNFCCC and Paris Agreement – launched their joint work programme to accelerate the deployment of transformative climate technologies that are urgently required to tackle climate change.

The new joint work programme of the Technology Mechanism covers work from 2023-2027. It foresees specific joint activities to be implemented by the TEC and CTCN, including technology roadmaps, work on gender and technology, technology and NDCs(Nationally Determined Contributors) and digitalisation, and common areas of work for the two bodies, including national systems of innovation, industry, and the

Back to technology on climate change

Refer to Joint Work Programme of the UNFCCC Technology Mechanism for 2023–2027 Oct 2022

The Intergovernmental Panel on Climate Change (IPCC) Assessment Report 6 (AR 6) identified digitalisation as one of the reasons to expect a fast energy transition. It cited it as one of three megatrends that are transforming the delivery of services in innovative ways. Emerging digital technologies, such as distributed ledger technologies (DLTs) and blockchain, have the potential to unlock and accelerate global actions toward the Paris Agreement and the SDGs.

Digital platforms can also play a role in accelerating innovation and the diffusion of green technologies. Green technology databases, for example, provide online catalogues of green technologies and marketplaces for a wide variety of groups seeking to commercialise, license or distribute green technologies from prototype to marketable products.

 

New age technology Intervention to address the climate challenges

An innovative first-of-its-kind, defined by its decentralisation and peer-to-peer Web3 technology architecture, TRST01 empowers users to become integral contributors to the fight against climate change. TRST01 innovative dMRV(Digital Measurement, Reporting, Verification), web2 (applications), and web3 (on-chain)capabilities create discoverable opportunities for Climate Actions. It addresses the more significant global challenges. Even so, envisioning and executing a zero-carbon future requires an understanding that the timeline for addressing climate change continues to be a moving target. A Global Government Forum piece from May 2022 rightly notes that the Climate Policy Initiative (CPI) “warns that despite steady growth in climate finance, it is nowhere near enough to mitigate climate change. CPI has estimated that the World needs to invest at least US$4.5 trillion to US$5 trillion annually by 2030, a staggering rise of 590%, to tackle the most damaging aspects of climate change.

 

Trst01 partnering with green blockchain technologies and solutions can help identify these resources and contribute significantly to changing the dynamic of who is responsible for financing the necessary changes for a zero-carbon future.

 

reference 

 

  • https://www.unep.org/news-and-stories/press-release/joint-work-programme-unfccc-technology-mechanism-launched-cop27
  • UNFCC
  • COP 27 Media brief 

 

 

 

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Sailaja

Sailaja is a successful entrepreneur who believes in her passion and dedication. She has a master in business management from Herriot Watt University. She worked as a CEO for a Pharma chain in Hyderabad, and years later, she pursued her dream for pastry and got a degree in pastry from Le Cordon Bleu College, London. She started and established her patisserie in Hyderabad, getting the tastes from Global travel, infused her finesse to products taking her brand a notch higher.

Krishna Vallapu

Krishna Vallapu is a technology evangelist and Entrepreneur, graduated from Nagarujuna University and trained in IIM, Ahmedabad. Proven track record in building futuristic products, surpassing goals, and expectations for quality. Superior expertise with developer supervision and client relations. Out of box thinker who thrives in collaborative environments, working across business and technical teams.

Inder Davalur

Inder has an MBA in Finance in India. Utilizing his Finance background he rose through the ranks in the banking sector in the US and then after receiving his MS in Healthcare Services Administration he started his career in healthcare at the Tufts Medical Center, Boston. 

Inder’s growing understanding of the expanding role of technology in healthcare caught the attention of the bureacracy and was invited to work on the Patient Privacy and Electronic Records Committee for the State of Massachusetts and later on at the State of Georgia Department of Health and Human Services. These were in the years immediately preceding the development and roll-out of Health Insurance Portability and Accountability Act (HIPAA).

Sensing a rise in ERP movement, Inder joined a software company and worked on managing ERP solutions projects in the manufacturing sector where his clients included the Coca Cola Company, Sara Lee, International Paper, Siemens (Canada) etc .

In 2008 he came to India with the aim of realizing his cherished dream of working in India. He served as the CEO of a EMR software company, and later on led the Digital Transformation at several hospital groups as a group CIO and Vice President. Inder has to his credit, several published articles in national and international healthcare technology management and as an invited speaker at various private and government conferences. He has also been cited in several articles and studies including one at the National Library of Medicine in the USA. 

In his spare time Inder indulges in travel and reading.

Puru Modani

A versatile and passionate leader with 20+ years of expertise in IT Business & Product Strategy, Market Access & Distribution models and Talent Acquisition. Seasoned Investor.  Founded multiple successful businesses & Angel Networks.

An IIM – K alumnus, before embarking on his successful multi sector entrepreneurship journey, Puru served various Fortune 500 companies in Senior Leadership roles. His last corporate stint was with Bank of America.

Suraj Teja P.

Suraj is an entrepreneur, with more than 2 decades of experience in creating various successful enterprises, a seasoned investor funded multiple startups, specialize in creating healthcare delivery infrastructure, board member and strategic advisor, skilled in Healthcare, Telecom, IT Strategy and Market outreach.

Naveen Kadiyala

A Technology Leader and Entrepreneur with a proven track record of building and managing innovative solutions in digital content delivery. Demonstrated history of delivering strategic solutions in Cable, Media & Entertainment industries. Expertise in building interactive ad solutions, advertising platforms, Live Streaming(QAM, OTT, PPV), subscription-based Video (SVOD, AVOD, TVOD) services, Cloud DVR, and Broadband/WiFi services at scale across a multitude of infrastructure options(On-Prem, Hybrid Cloud, Cloud Native, Cloud Agnostic). A strong business development professional and an entrepreneur at heart with a Master of Technology focused in Computer Science from Birla Institute of Technology.

Prabir Mishra

An Investment Banker, Startup coach, Mentor, Strategic planner. Sector expertise  Social, Agritech, Edutech, Healthcare, eGov Strategic Planner, M&A, Transaction Structuring, negotiations and valuation, An IIM-A Alumni with more than two decades of experience.