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Blockchain: Building the Environmental Link

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Chartered Professional Accountants of Canada

277 Wellington St. West

Toronto, ON M5V 3H2

Canada

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Chartered Professional Accountants of Canada and the University of Toronto’s Environmental Finance Advisory Committee (EFAC) invite you to join us on October 20th for a panel discussion on Blockchain: Building the Environmental Link.

Blockchain, the technology that underpins the cryptocurrency bitcoin, has been touted as the technology that will bring forth an economic revolution - by transforming business and redefining companies and the economy. Ontario is gaining the momentum to become a leader in the blockchain space. The Blockchain Research Institute, launched in Toronto in 2017, garners support from the private sector and three layers of government. The federal minister of innovation, science, and economic development, Navdeep Bains, highlights the fact that blockchain is “a great example of an emerging technology that Canadians are playing a lead role in developing.” However, outside of its use in the financial sector, the technology remains nascent in many applications. One such application is growing universe of carbon markets and accounting.

Could this transformative decentralized ledger technology – with significant roots and leadership in Toronto – revolutionize Canadian and global carbon markets by providing a practical solution to ensure transparency and accountability? Is Ontario poised to understand and seize this opportunity for its own Cap & Trade program, soon to be linked to the California-Quebec market? Where are global carbon markets in their evolution to take advantage of this transformative technology? What exactly is blockchain - and why should we really care about this distributed database technology?

This event will seek to address these questions and more by making the links between blockchain and its potential – yet promising - application to carbon markets. This two hour session will open with a “Blockchain 101”, followed by an overview of current and recent developments in carbon markets. The session will conclude with a presentation on the linkage of blockchain to carbon markets, what such a link would entail, and its impact on Canada and the world.

Event Topic

Blockchain, the technology that underpins the cryptocurrency bitcoin, has been touted as the technology that will bring forth an economic revolution - by transforming business and redefining companies and the economy. Ontario is gaining the momentum to become a leader in the blockchain space. The Blockchain Research Institute, launched in Toronto in 2017, garners support from the private sector and three layers of government. The federal minister of innovation, science, and economic development, Navdeep Bains, highlights the fact that blockchain is “a great example of an emerging technology that Canadians are playing a lead role in developing.” However, outside of its use in the financial sector, the technology remains nascent in many applications. One such application is growing universe of carbon markets and accounting.

What exactly is blockchain - and why should we really care about this distributed database technology? Could this transformative decentralized ledger technology – with significant roots and leadership in Toronto – revolutionize Canadian and global carbon markets by providing a practical solution to ensure transparency and accountability? Is Ontario poised to understand and seize this opportunity for its own Cap & Trade program, soon to be linked to the California-Quebec market? Where are global carbon markets in their evolution to take advantage of this transformative technology?

This event will seek to address these questions and more by making the links between blockchain and its potential – yet promising - application to carbon markets. This two hour session will open with a “Blockchain 101”, followed by an overview of current and recent developments in carbon markets. The session will conclude with a presentation on the linkage of blockchain to carbon markets, what such a link would entail, and its impact on Canada and the world.

Program

9:00am-9:10am Opening Remarks

Kimberly Strong, Director of the School of the Environment

Gord Beal, Vice-President, Research, Guidance & Support, CPA Canada

9:10am-9:40am Blockchain 101 – What is it? What should we care?

This session is an overview of “what is blockchain”. A brief history, various platforms and uses, growing application across various sectors. Brief review of potential for priority applications including finance, energy and environment.

Iliana Oris Valiente (CPA, CA), Founder, ColliderX

9:40 - am-10:05am Latest on Global & Canadian Carbon Markets

This session will be an update on what is going on in global carbon markets (i.e. Paris, California, Ontario, etc.). Sets the stage for the potential linkage to blockchain.

Jessica Butts, Director, Delphi Group

10:05am to 10:15am Break

10:15am-11:00am Blockchain and Carbon Markets

This session will introduce the application of blockchain to carbon markets. In this application, is blockchain a disruptive or foundational technology? Is blockchain being used in global carbon markets? How could it benefit carbon market transactions?

Tom Baumann, Co-Founder Xpansive, Co-Founder ClimateCHECK


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Chartered Professional Accountants of Canada

277 Wellington St. West

Toronto, ON M5V 3H2

Canada

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