Digital pioneer Adaptation Ledger partners with iDE Canada to help vulnerable communities adapt to climate change
LONDON, UK | WASHINGTON, DC | OTTAWA, CANADA – 15 April 2019: Adaptation Ledger™ and iDE Canada today announced the launch of a pioneering initiative that applies cutting-edge digital technology and governance innovation to help adapt to climate change. Supported by the RBC Foundation, iDE Canada is working in collaboration with Adaptation Ledger - a unique initiative that enhances climate adaptation solutions by integrating blockchain, smart standards and a unified metric for vulnerability reduction.
iDE sees the impact of climate change first-hand in its work with rural communities across Asia, Africa and Central America. Adaptation Ledger’s integrated platform of digital technologies and adaptation governance solutions using the Vulnerability Reduction Credits (VRC™) system has the potential to significantly enhance efforts to build climate resilience in vulnerable communities across the globe and here in Canada.
Vulnerability Reduction Credits are an effective, sustainable, systems-based approach to climate adaptation metrics. They make it possible to evaluate the success of specific climate adaptation projects, attribute the credit for measureable improvements to the people and organizations who brought them about, and incentivize the public and private sectors to respond by directing more financing toward those climate adaptation projects that prove most successful.
Adaptation Ledger co-founders and principals, Karl Schultz, Ira Feldman and Tom Baumann are leading the design and validation of the Adaptation Ledger platform using data and operational experience from iDE’s work bringing improved agricultural technology, water and sanitation solutions to vulnerable populations.
Karl Schultz, also chair of The Higher Ground Foundation and the inventor and manager of the Vulnerability Reduction Credits (VRC) system said, “This pilot application of distributed ledger technology for VRCs promises to validate an approach for all relevant parties involved in adaptation to get their heads around the value of adaptation, activate this value for better
management, evaluation, and finance, and do it in a manner fit for the 21st Century.”
Stuart Taylor, iDE Canada’s CEO said, “We are excited to work with Adaptation Ledger to leverage our on-the-ground experience to explore the potential for disruptive technologies like blockchain to deliver greater value to smallholder farmers.”
Tom Baumann, who is also co-founder of ClimateCHECK and the Climate Chain Coalition, said, “There is an urgent need to mobilize adaptation finance, and digital solutions can provide many benefits to enhance climate actions. We are appreciative of the RBC Foundation’s support and are eager to work with such clean finance leaders to advance innovative and collaborative solutions integrating sustainability, finance, technology, and governance.”
Also advising on this phase of Adaptation Ledger’s activities is IOTA, a ground-breaking open source distributed ledger to power the “Internet of Things.” Julie Maupin, Director of Social Impact and Regulatory Affairs, said, “Applying distributed ledger technology to climate change problems is a game changer. The breakthrough here is the integrated approach in which what’s actually happening on the ground can be measured in real time, so that climate financing can be directed to the projects and places where it’s having the greatest positive impact on the lives of vulnerable populations. IOTA believes this work, beginning now with the current phase, has the real potential to re-shape how we all think about climate services for adaptation and resilience. We look forward to contributing to this phase, the results of which will pave the way for further collaboration."
The pilot project validation process will engage a global network of experts across adaptation monitoring and evaluation, data, finance, governance, standards and digital technologies. Adaptation Ledger will announce the results of the pilot project during Climate Week in New York in September 2019.
iDE Canada creates income and livelihood opportunities in developing countries around the world. With access to the right products, services and advice, farmers can transform their small farms into small businesses. In partnership with programs around the world, iDE has empowered 30 million people so far. iDE Canada is a registered Canadian charity based in Winnipeg, Canada.
About Adaptation Ledger
Adaptation Ledger advances climate adaptation solutions to help mobilize finance through the integration of blockchain, smart standards and a unified metric for vulnerability reduction.
Adaptation Ledger taps world-leading professionals in the sustainability, adaptation, standards and climate fields and associate with the institutions that have the financial, intellectual, and human resources to move faster and scale globally.
IOTA is a not-for-profit foundation incorporated and registered in Germany. The IOTA Foundation’s mission is to support the development and standardization of new distributed ledger technologies (DLT), specifically the IOTA Tangle. The IOTA Tangle is an innovative type of DLT specifically designed for the Internet of Things (IoT) environment. It is an open-source protocol facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less real-time micropayments, and the collection and dissemination of sensor-based and other data. For more information, visit: www.iota.org
Adaptation Ledger adds experts Granquist and Adler
LONDON, UK | WASHINGTON, DC | OTTAWA, CANADA – 28 March 2019: Adaptation Ledger™ announces the addition of leading experts, Lisa Granquist, PhD, for product development and business strategy, and Linus Adler for product app design. They are leading the team’s commercialization of digital applications for coastal resilience and other climate adaptation opportunities.
This augments Adaptation Ledger’s unique combination of expertise, tools and idea collaboration that aims to make climate adaptation work better by integrating blockchain, smart standards and a unified metric for vulnerability reduction. In its first phase of activities, Adaptation Ledger is currently developing a general application and validating it through a specific application supported by a leading Canadian financial institution. Adaptation Ledger is pioneering the combination of distributed ledger technology and governance innovation to mobilize finance at scale for climate adaptation solutions.
Dr. Granquist has worked closely over the last two years with Adaptation Ledger principal Ira Feldman while both served as policy co-chairs of the American Society of Adaptation Professionals. “We are lucky to have someone with Lisa’s depth and breadth of experience in the adaptation field join the Adaptation Ledger team,” explained Feldman, “and she has already helped us advance several of our most important initiatives.”
Dr. Granquist’s research focuses on the environmental, legal, regulatory, and economic impacts of coastal shoreline change and coastal resilience strategies, the legal and policy frameworks that could facilitate local and regional resilience adaptation implementation, and the interaction of stakeholders in the adaptation decision-making context. She has advanced climate adaptation partnerships in academia and practice. Dr. Granquist has worked extensively with international teams in disruptive technology and emerging markets business development and nonprofit management.
Linus Adler is strategic climate change/adaptation and clean energy consultant with over a decade of experience in helping clients develop a strategic understanding of the implications of energy and climate policy. For Adaptation Ledger, he is currently supporting the translation of Higher Ground’s adaptation project software, Vulnerability Reduction Project Manager (VRPM™) into code for a coastal defense app.
As a co-founder and technical manager of the Higher Ground Foundation with Adaptation Ledger principal Karl Schultz, Adler contributed to the initial drafting of the Vulnerability Reduction Credit (VRC™) Standard Framework and has provided technical analysis and modeling of the impacts of climate change develop methods for quantifying project baselines, climate impacts, and project outcomes. “The synergy makes sense for both organizations,” stated Schultz, “With Linus on board, we can effectively leverage our pioneering work on VRCs with Adaptation Ledger’s integrated platform.
Tom Baumann, Adaptation Ledger principal, said, “Adaptation Ledger is a very innovative and ambitious initiative. The deep expertise of Lisa and Linus on climate adaptation projects, technologies and standards for VRCs will accelerate design and proof of concept activities for Adaptation Ledger.”
About Adaptation Ledger
Adaptation Ledger advances climate adaptation solutions to help mobilize finance through the integration of blockchain, smart standards and a unified metric for vulnerability reduction. Adaptation Ledger taps world-leading professionals in the sustainability, adaptation, standards and climate fields and associate with the institutions that have the financial, intellectual, and human resources to move faster and scale globally.