Over recent months a wave of new reports have all said that we have maybe a decade to take fossil emissions to zero. We have had fires and floods and droughts and hurricanes and reports and predictions, all showing that we need to decarbonize faster than anybody imagines possible.
The recent UNIPCC agreement was reported with a mixture of relief and despair saying, “At least we have an agreement, but there is no mechanism for implementation. We need binding carbon reduction agreements."
The parties that can actually lead most rapidly are businesses, individuals, and investors, followed by local and regional governments – ahead of national governments. What is needed now is a standard agreement whereby each party can commit to rapid decarbonization and participate in verifiable measurement and auditing of their progress.
JLINC can automate any human-readable, legally binding contract across the Internet, and create a proven chain-of-custody for carbon supply-chain – all in a developer-friendly manner, that can work with or without any blockchain.
A standard carbon contract can include adopting automated supply-chain tools that allow each party to measure their own progress, and audited reports that show how all others are doing at achieving their goals. The interoperable technology allows auditable carbon accounting to span across any combination of systems.
This will provide a framework to accelerate investment in genuinely proactive enterprises, while driving divestment from carbon intensive corporations. Stakeholders will also include NGO’s, as well as local, regional, and national governments that can now effectively measure their performance reaching their goals.
When we first begin to face the situation, the time-frame is now so daunting that it can be hard to act. The agreement offers all parties, including individuals, a way to take action by first declaring their intention, committing to early goals that they believe they can achieve, and then documenting shared progress to have real impact.
This in turn will allow the market to bid up and reward those that perform best. The goal is to first rapidly reduce emissions and then begin to build carbon removal capacity. To buy some time to avoid the worst in coming decades, and to ultimately restore a stable climate, we will need to do both.
While that vision may appear to be far from where most corporations and the public are today, climate chaos is accelerating and the situation will only become more urgent. To maintain a viable civilization, decarbonization must become the organizing principal for humanity and commerce within the decade.
We will need to set our intention, measure performance, and celebrate success. Our society is starved for meaning. We may find it in facing this catastrophic threat together.Jim Fournier
December 23, 2018