myclimate : COP23 Bonn Review

“Gemeinsam, schneller, weiter – further, faster, together ! With this COP23 slogan, those in Bonn take home with them an everyday awareness of the urgency and non-negotiable nature of climate protection, and of the heightened climate protection ambitions, locally and globally”, summarises myclimate managing director René Estermann on his impressions of COP.

Subnational Climate Fund

“From Action to Transaction – Unlocking deal flow for subnational portfolio of low carbon and climate resilient infrastructure projects” – this was the description of the presentation on the Subnational Climate Fund (SnCF) on 14 November. The new fund is an initiative of R20 Regions of Climate Action and is managed by Blue Orchard. Many important figures were present, including Patricia Espinoza, UNFCCCGeneral Secretary. Together with Gold Standard, myclimate checks and measures the projects supported by the Fund with regard to their actual impacts. The premiere took place during the World Climate Summit held parallel to COP.

Founding Event for the World Alliance for Efficient Solutions

On 14 November, another high-profile event was on the agenda in Bonn. In Rheinauenpark, the World Alliance for Efficient Solutions came together for its founding assembly. The new project from D^r Bertrand Piccard has set itself the goal of bringing together more than 1,000 international initiatives. These are intended to show that sustainable and efficient solutions are not only possible – they’re also profitable. myclimate is a founding member of the World Alliance for Efficient Solutions.

#Hack4climate

At the four-day #Hack4Climate hackathon event, the worlds of the blockchain and climate protection came together. The event aimed to use the enormous potential of the blockchain and DLT (digital ledger technology) and the brains behind them for disruptive climate protection, and to thus make a significant contribution to reaching the goals of the Paris Agreement. As a partner, myclimate ensured that the emissions of the preceding Hack4Climate events and the on-site emissions associated with the hackathon were offset by high-quality myclimate climate protection projects. In advance, Maxi Grebe, Head of Educationat myclimate, had given an initial presentation on climate change and climate protection at the official Hack4Climate kick-off event in Zurich.

“There is tremendous potential in revolutionary technologies like the blockchain, especially for a more sustainable economy and society. We are convinced that Hack4Climate will not only create new possible applications on the big stage at COP23, but will also continue to drive them forward”, says René Estermann, CEO of myclimate.

myclimate at COP 23 : Side Event on Voluntary Compensation

myclimate Germany CEO Stefan Baumeister took part in an official COP23 side event on the future of voluntary CO2 offsetting projects. The event was hosted by the German Federal Ministry for the Environment (BMUB). Along with Stefan Baumeister, representatives from BMUB, Gold Standard, Carbon Market Watch, the Meridian Institute and the ICROA discussed the future of the offsetting market under the Paris Agreement, as well as its importance and the challenges associated with it.

For the entire duration of COP 23, myclimate was present at a joint stand in the Bonn Zone exhibitor space, together with the two Swiss foundations BASE and GIB. For myclimate, the focus was on the key topics of implementation and quality management for the CORSIA climate protection agreement of the aviation industry, MRV (monitoring, reporting and verification) formulas and impact measurements, the future of voluntary compensation projects and globally oriented programmes for knowledge transfer and empowerment.

Photo : Launch of the Subnational Climate Fund at the COP 23 in Bonn. In the back : myclimate CEO René Estermann

Source : myclimate Luxembourg