Scaling Climate Finance
Through Emerging Technology
Banks have already started to realize the benefits of using blockchain technology to issue bonds as demonstrated by this report. The most valuable benefits are still to be realized including integrating IoT and AI to automatically report and to increase tractability of the performance of the green assets. As well as to open up bond markets for everyone to become green asset owners.
How it works
Blockchain enables automated impact reporting, automated coupon payments using digital assets and full distribution by opening up investment opportunity using automated “Know Your Custo-mer” (KYC) are not yet part of the bond landscape. The most impactful benefits that will allow scaling are yet to be realized.
ANT Forest Programme
ANT Financial users in China voluntarily signed up to the app to benchmark and monitor their carbon footprint, based on their financial transaction data
tonnes of CO2 emissions has been avoided due to behaviour changes through the app
of Ant Financial’s users signed up to the Ant Forest app in just 9 months
trees planted as part of the scheme as of April 2019
From a virtual sapling to a real tree – overview of the Ant Forest app
To incentivize carbon savings, a social media experience was built enabling users to trade and compare their performance with their social networks. ANT Financial and UN Environment are collaborating to extend this experiment and establish the basis on which it can be replicated by members of the Sustainable Digital Finance Alliance.