Climate Action Marketplace
In this global review of city climate action plans, the weakest link is reported to be financing and MRV (measurement, reporting and verification). In partnership with Regen Network and Carbon A List, we have developed a workable solution to this problem. Our thesis centers on the most effective way goods and services self organize and action happens in the real world; a marketplace.
We are attempting to address climate action bottlenecks which begins at the financing and coordination stage for implementation surfacing key questions:
- How do we pay for it? We pay for it by turning climate action into tradable carbon credits tied to the climate action plans of our cities. This is usually calculated in terms of GHG emissions and cost to deliver
- How do we coordinate multiple workforces across entities? A marketplace is the most effective way humanity has developed to coordinate action. Nearly everything we see in our homes, offices, and buildings came from a marketplace. If such a marketplace of buyers and sellers is legitimized, by local authorities, buyers and sellers will self organize along with landowners, entrepreneurs, and gig economy workers to fulfill the tasks of the climate action credits to get paid.
- How do we measure, report, and verify claims in a way that builds trust? Every claim must follow an established/published protocol and be verified by a 3rd party committee like Verra, City Forest Credits, etc. Moreover, we are shifting from a dynamic of PHD reviewers producing 50 page reports and notary attestations to real time devices in the air, in the water, in the ground tracking outcome data for funded projects.
- How do verified climate outcomes integrate with future GHG inventory and planning work by local authorities? Ideally, these market based approaches would be embraced as the mechanism anyone in the city (grants, NGO’s, businesses, governments) would go through to create a common playing field for progress.
- What type of human culture and leadership is required of us to achieve tangible climate milestones? This is potentially the trickiest part. Regardless of political leanings we must create a view of being on the same team. This goes beyond any one government or non profit into building mechanisms we can all use to feel that we are working in harmony. We believe in fostering our capability to think in ways that emphasize potential over problems and seek the higher ground.
Any marketplace requires buyers and sellers.
Access the Eco-Credits for Urban Contexts Whitepaper
The UES is version 4 of the ecosystem credit system being designed by FFR to spearhead verifying climate action in urban contexts. Expanding beyond carbon to include a variety of meaningful climate actions, you can read the white paper by entering your details below.