Blockchain Technologies as a Digital Enabler for Sustainable Infrastructure
DATE OF PUBLICATION
About the case study
Embracing new technologies that could enable drastic reductions in GHG emissions will be key to delivering low-emissions pathways for growth, but it is not always obvious what the big breakthroughs will look like. This report looks at how blockchain technology can be applied to support sustainable infrastructure investment that is aligned with climate change objectives. It focuses on three key points:
Blockchain Technologies as a Digital Enabler for Sustainable Infrastructure identifies key areas where blockchain is already impacting the provision of sustainable infrastructure services, and presents four original case studies where blockchain could unlock value across the infrastructure life cycle. A roadmap for public and private sector actors provides guidance on bringing ideas to life through pilot programmes. For the benefit of policy makers, the technology's potential advantages and disadvantages are outlined, along with actions needed to address the regulatory environment.
This paper will be presented and discussed during the 2019 OECD Global Blockchain Policy Forum in Paris on 12-13 September 2019.
This report is a contribution to Financing Climate Futures: Rethinking Infrastructure.
Financing Climate Futures: Rethinking Infrastructure
Governments recognise that scaling up and shifting financial flows to low-emission and resilient infrastructure investments is critical to deliver on climate and sustainable development goals. Efforts to align financial flows with climate objectives remain incremental and fail to deliver the radical transformation needed.
The OECD, UN Environment and the World Bank Group, with the support of the German Ministry of Environment, Nature Conservation and Nuclear Safety, have joined forces under an initiative – Financing Climate Futures: Rethinking Infrastructure - that provides a roadmap to help countries make the transformations in their infrastructure, investment and finance systems that are needed to make financial flows consistent with a pathway towards a low-emission, resilient future.