Thank you to everyone who came to our Green Horizons: Convergence of Finance, Technology & Sustainability roundtable event today, jointly organised by ZERO13, Datapod, IOSS Solutions, and Stone Mattered Holdings. There were some very interesting insights about the opportunities and challenges associated with #climatemarkets and #sustainability ecosystems.
Some key discussion points from the event:
🌱 Provenance is crucial – high quality doesn't mean integrity, and is required for output and compliance, which is where technology comes into play.
🌱 How to de-risk the mindset, whether it's on the regulatory side, the policy side, the investor side, and how do we create that kind of trust and compliance?
🌱 Banks need to change the model for lending for carbon related projects as the traditional lending model is not fit for purpose
🌱 We need to understand carbon market sensitivity, and the market has to evolve to factor in the data from source to trade, otherwise scams and greenwashing will be more prevalent.
🌱 Evolving past the era of executing top-down rules as a method of carbon reducing mechanism, where people comply with those rules without understanding them. On the other hand, the Paris Agreement adopts a bottom-up approach, where each country is responsible for their own emission reductions.
🌱 Better education is essential to democratise the climate market and to ensure it is inclusive, which will in turn grow investment.
🌱 We must ensure authenticity when we integrate source and veracity into a blockchain, into projects or into verification in climate markets otherwise it is just garbage in and garbage out.
🌱 Our lack of connectedness in digital technologies and our inability at handling cross-jurisdictional regulatory standards and compliance are holding the market back. Interoperability is very much needed enabled by technology across APIs and blockchains.
We had a really great turnout and I'm excited for what's to come as we work towards building a more sustainable future by converging technology and sustainability. 🌍
#CarbonMarkets #GreenFinance #ClimateFinance #ClimateFintech Velle Niqo Tay - Entrepreneur•Advisor•CEO•CBO-CMO ESG, DC Solutions, Smart Tech Lincoln T. Zhang Weiming Professor Lisa Wilson Ashley Wilson