written by Erich Schnoeckel
On Good Friday, the 2Tokens Experts session on Product Passports & Carbon Tokens took place in a meeting room at the office of the Province of South Holland in The Hague. We were accompanied by some 35 partners and fellows of 2Tokens, with a background in Government, Industry, Professional Services and Legal. Large and small were represented. Law makers, software developers, strategy consultants among them.
The kick-off was provided by Sven Jense from Climate Cleanup, with whom we also recorded a podcast afterwards. Sven gave us an inspiring insight into the projects of Climate Cleanup and convinced me that even with limited resources and without major technical adjustments, nature and land managers can make a huge contribution to reducing CO2 in the atmosphere. An initiative that everyone should be aware of! After the meeting we talked a bit further with Sven - this conversation will be published as a 2Tokens Podcast. Subscribe here to listen.
After Sven's visionary vision and practical examples, it was the turn of Hania Othman and her colleague Guiseppe Bertone from the HBAR Foundation, who support sustainable projects and developments on the Hedera blockchain with their Sustainable Impact Fund. For this purpose, Hedera has a suite of tools and products available that allow methodologies to be compared, data to be tracked at all levels, so that transparent reporting and collaboration within value chains can take place, within privacy guidelines. Hedera provides a foundation for this that can be used within existing frameworks such as the EU Digital Identity Wallet. Guiseppe took us through the available toolset and some of the configuration possibilities of it.
Alexander Enthoven from Kryha, in collaboration with the REBEL group, has worked on making the carbon impact of a single product transparent. The product in question is a bottle of fabric softener from Robijn. This focuses on the physical amount of carbon in a product, not its emissions. This example of a product passport makes it possible to develop scenarios in which the total carbon is reduced or the percentage of "black carbon" is reduced relative to "green carbon". We also discussed this in detail with Alexander in the podcast.
Nabil Ahmed from Circularize then took us on a journey through the world of greenwashing, verifiable claims and the challenge of scope 3 reporting. Digital Product Passports based on the European Sustainable Products Regulation are a solution for this, provided that the data used is based on harmonized frameworks and taxonomies, and that this data is then verifiable and traceable - again, within the guidelines of privacy legislation. In addition, companies face the challenge of not having to disclose competitively sensitive information.
All presentations gave valuable insights that can and will be used by the 2Tokens Carbon Token working group. The objective of this working group are published in their mandate and their final production - the white paper - will be published in the last quarter of this year. Intermediate findings and results will be published regularly on 2Tokens social channels.
Many thanks to the presenters, to the Province of South Holland to making this Experts session possible and all present for their questions and contributions!
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