Abstract
This paper explores the evolution of climate finance, particularly the transition from conventional carbon credits to a broader framework encompassing biodiversity credits. By integrating biodiversity considerations into the financial landscape, this paper elucidates the potential for a more holistic and effective approach to mitigating climate change and promoting ecosystem conservation. The paper begins by providing a comprehensive overview of the current state of climate finance, highlighting the successes and shortcomings of existing carbon credit systems. It then delves into the rationale behind expanding the scope to include biodiversity, recognizing the interconnectedness between climate change and the loss of biodiversity. The incorporation of biodiversity credits into climate finance is posited as a multifaceted solution that not only addresses carbon emissions but also promotes the conservation and restoration of ecosystems. Moreover, the paper explores the intersection of blockchain technology and artificial intelligence (AI) in the context of biodiversity conservation through the innovative concept of biodiversity credits. These credits serve as a financial instrument, attracting support for projects aimed at safeguarding ecosystems, with a particular focus on the Amazon rainforest. Blockchain and AI integration ensures transparency and traceability in the issuance and tracking of biodiversity tokens, opening up the market to individual consumers. The decentralized nature of blockchain mitigates risks of manipulation, while AI contributes to real-time monitoring, verification, and predictive analytics, enhancing the overall accountability of the token issuance process.
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
KEYWORDS
Climate,biodiversity,carbon,credits
