#13: Green Finance Innovation

25 Sept

5th October 2023

With:

| Bénédicte Nolens (BIS Innovation Hub)

| Rosie Hampson (Goldman Sachs)

Guests Bénédicte Nolens (BIS Innovation Hub) and Rosie Hampson (Goldman Sachs) join FNA to discuss the results of Project Genesis 2.0. This collaborative initiative explores the lifecycle of Digital Green Bonds, moving beyond manual reporting to a system where sustainability data is baked into the asset itself.

The discussion highlights how the combination of Distributed Ledger Technology (DLT), Smart Contracts, and Internet of Things (IoT) sensors can provide real-time tracking of environmental impact. By automating the verification of "green" milestones, Project Genesis 2.0 aims to eliminate "greenwashing" and lower the barriers for institutional investors to fund the global transition to a low-carbon economy.

This session covered:

Project Genesis 2.0 Architecture: Insights into the prototype that automates carbon credit and environmental outcome tracking.
Ending Greenwashing: How integrating AI, Machine Learning, and IoT sensors provides a "single source of truth" for sustainability data, making it impossible to manipulate impact reports.
The Tokenized Advantage: Exploring how fractionalizing green bonds can increase liquidity and open the market to a broader range of investors.
Smart Contract Automation: Using automated logic to trigger interest rate adjustments or "penalty" payments based on whether green targets are met.
Public-Private Synergy: Lessons from the collaboration between the BIS, Goldman Sachs, and the Hong Kong Monetary Authority on building a cross-border green bond utility.
Regulatory Catalysts: Identifying the policy shifts needed to standardize green data requirements and incentivize the adoption of digital ESG (Environmental, Social, and Governance) assets.

Watch on Demand:

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