Solutions

1. Urges the member nations to initiate the growth of bamboo in a concentrated area with
enough protection as:
a) It absorbs carbon dioxide and releases 35% more Oxygen into the air
b) It has amazing growth rate and some species grow more than 3 feet a day which
means that it can help in immediate effect of reforestation
c) The waste of Bamboo after the harvesting is very little as every part of the plant is
used
d) Bamboo can replace the use of wood for nearly every application, its fibres are
increasingly stronger than wood fibres and much less likely to warp from changing
atmospheric condition
e) No fertilizer, pesticide or herbicides is needed for the growth of bamboo which shows
that it can help to reduce soil pollution
f) It helps in employment by producing jobs such as production and manufacturing of
bamboo
g) It can be used for fuel and has great potential to be utilized to produce energy,

2. Stresses the need of having non-corrupt, qualified, government and officials who can be used
to efficiently and effectively plan, manage and coordinate capacity building activities
together with the enabling environments necessary to meet national climate change goals –
including education

3. Improve institutional architecture increasing coordination and coherence between the

thematic bodies and entities under the UNFCCC while improving monitoring, analysis, and
review of capacity-building activities and fostering cooperation at international, national,
subnational, and regional levels.

4. Addressing capacity gaps requires targeted interventions like training programs, technical
assistance, knowledge sharing networks, and building institutional capacity.

5. Education for children and children forum to discuss these issues

6. Co-crediting system for carbon and biodiversity. Focusing solely on carbon capture—the
primary goal of most carbon-focused crediting and offsetting commitments—often results in
the establishment of non-native, fast-growing monocultures that negatively affect biodiversity
and soil-related ecosystem services. Combined, such a co-crediting scheme could help halt
biodiversity loss by incentivising industry and governments to account for biodiversity in
carbon sequestration projects more rigorously, explicitly and equitably than they currently do.
In most cases, this would help prioritise protection before restoration and help promote more
socially and environmentally sustainable land stewardship towards a ‘nature positive’ future.

7. Partnerships for Knowledge Transfer: Facilitate partnerships with developed nations,

NGOs, and academic institutions to share knowledge, best practices, and technologies.
8. Public private partnerships in funding instead of just depending on climate financing from
other countries.

9. Blockchain technology has the potential to significantly enhance transparency in carbon

markets by providing an immutable, decentralized ledger that records every carbon credit
transaction, allowing all market participants to access and verify the history of each credit,
thus preventing fraud, double-counting, and market manipulation, ultimately fostering trust
and legitimacy within the carbon trading system. Since its inception, the VCM — a
decentralized market where private actors buy and sell carbon credits — has existed without a
unifying standard for quality or mutually agreed upon accounting principles.

Smart contracts can store a wide range of metadata about a product — such as the carbon
credits or other climate-positive activity — securely fused into tradable units. As such, they
add another attractive tool to the blockchain toolbox, enabling fast, reliable, and transparent
information exchange among participants in the network.

Exposure and risk to fraud is limited through a digital signature that any blockchain user has,
which puts their “fingerprint” on every interaction with the chain. This trust-building function
can improve many aspects of carbon markets, where credits are designed to be traded.
Blockchain can reduce transaction costs, minimize tedious paperwork, and streamline the
carbon trading process.

These digital ledgers are likely to bring greater transparency to transactions in the credit
marketplace by verifying buyer identity and removing the potential for “double counting,” an
error in which credits are resold and claimed twice.
SOLUTION TO THE PROBLEM OF CLIMATE FINANCING WITH EMPHASIS ON
CLIMATE FINANCE INSTRUMENTS

The annual cost of climate change mitigation, biodiversity protection, and pollution reduction for
48 developing and developed economies is estimated to be nearly $5.5 trillion from 2023 to 2030.
This is about 18% of their collective GDP.

Green Initative – It is an initiative that is specifically designed for community based climate projects
through public- private partnerships by giving out shares of this initiative to people.

WHAT?
This initiative addresses a specific problem that the particular climate related community is facing
and the local stakeholders can play an important role in designing and implementing these projects.
A portion of the funds will not only be going to the projects but also long term solutions like
education and capacity building.

HOW?
This initiative will be dependent on both government and people so the government cannot cut it off
one day randomly
Funding: Public- private partnerships
Private companies can be incentivized to give funds to this initiative be reducing their tax rate on
carbon emissions
Collaborate with local governments, NGOs, and USAID, universities to provide technical support
and resources for project implementation and establishing measurable and relevant Key Performance
Indicators (KPIs) that reflect both environmental and social impacts (e.g., carbon emissions reduced,
jobs created, community engagement levels).
Profit for shareholders: Create a framework where investors receive a fixed return for meeting
minimum impact targets and a variable return that increases with higher levels of impact achieved .
This will also be depending on the shares that the people have.
Eg: Selling of renewable energy

UN gives funds via Green Climate Fund and Global Environment Facility to initiatives who are
reducing CO2 present in the air.

TRANSPARENCY:
Provide regular reports to investors and stakeholders detailing progress towards targets, ensuring
transparency and accountability. Engage independent evaluators to assess project outcomes against
the established KPIs, ensuring impartiality in reporting.

INCLUSIVENESS OF PEOPLE:
Inclusive Participation: Involve local communities in project design and implementation, fostering
a sense of ownership and accountability.
Feedback Loops: Establish mechanisms for communities to provide feedback on project impacts,
which can inform future iterations and adjustments
Aims to create a Carbon Credit Ecosystem on Blockchain and using block chain powered NFTs to
bring more liquidity, transparency, accessibility, and standardization to carbon markets. Blockchain
enables the creation of decentralized marketplaces where carbon credits can be bought and sold
without intermediaries which can reduce costs and barriers to entry for developing nations, allowing
them to participate more actively in carbon markets.

Different stakeholders involved are “Generators” of carbon credit (i.e., wind farms, tree-planting
operations, CO2 sequestration projects, etc.) and “Consumers” of carbon credit (i.e., carbon emitters
or polluters of any kind such as the energy industry) as well as other stakeholders such as regulators,
concerned citizens, and validators. “Validators” are an essential part of this ecosystem. They are
accredited, globally distributed, technically competent consultants incentivized to parameterize
appropriately and onboard projects to an open architecture marketplace that matches interested
parties generating and retiring carbon credits.
We will transfer carbon credits to the Blockchain by converting them into digital tokens distributed
to carbon credit generators after properly validating their projects. Buyers and sellers of carbon credit
will use a decentralized exchange platform on Blockchain to trade Carbon credits. The price will be
determined by market dynamics driven by supply and demand. The Carbon Tokens would be retired
via a “buy and burn” model by sending the given Carbon Tokens to a smart contract or defined
blockchain address whose private key is not known by any party and can be visible to the collective
of validators as well as regulators or other stakeholders. The companies and individuals who
successfully burn their Carbon Tokens will be issues non-fungible tokens as a carbon removal
certificate.

Smart Contract 1. A registry system on the Blockchain to record the essential information for the
following stakeholders: (a) Verifiers: They validate carbon credits from credit holders. They also
verify that carbon tokens burnt are equivalent to burning a proportionate amount of emissions. (b)
Credit-holders: They are organizations that already hold carbon credits in the emissions trading
ecosystem. (c) Customers: They are individuals and companies interested in offsetting their carbon
footprint by buying carbon credits and burning the carbon token.

PROPOSING CLIMATE ADAPTATION STRATEGIES TAILORED TO LOCAL NEEDS

Talk about the Green Initiatives and how it is tailored to local needs

Give some of the protected areas to the indigenous people and let them plant bamboos there with
government aid.
For protected areas, area is taken from indigenous people. Instead of that let them keep their land and
with government aid, they can plant bamboos.

a) It absorbs carbon dioxide and releases 35% more Oxygen into the air
b) It has amazing growth rate and some species grow more than 3 feet a day which
means that it can help in immediate effect of reforestation
c) The waste of Bamboo after the harvesting is very little as every part of the plant is
used
d) Bamboo can replace the use of wood for nearly every application, its fibres are
increasingly stronger than wood fibres and much less likely to warp from changing
atmospheric condition
e) No fertilizer, pesticide or herbicides is needed for the growth of bamboo which shows
that it can help to reduce soil pollution
f) It helps in employment by producing jobs such as production and manufacturing of
bamboo
g) It can be used for fuel and has great potential to be utilized to produce energy,

A committee can be set up to oversee this initiative and if they are not following the rules, it can be
taken away. Transparency can be maintained by sending weekly and monthly reports and letting
third party say in it.

STRENGTHENING FRAMEWORKS WITH EMPHASIS ON REDUCTION OF GHG

EMISSIONS

One of the greatest problems that we are facing now is the lack of funds. This can be changed
through a policy that can adopted in which the people

BLOCKCHAIN

Proposing the need of block chain powered NFTs in voluntary carbon market internationally to
bridge the gap between developed and developing countries so that carbon credits can be divided
into smaller fractions and according to size of the company or the locality.

Blockchain enables the creation of decentralized marketplaces where carbon credits can be bought
and sold without intermediaries which can reduce costs and barriers to entry for developing nations,
allowing them to participate more actively in carbon markets. It can also bring about trust and
legitimacy.
WHY?
Block chain technology has the potential to significantly enhance transparency in carbon markets
by providing an immutable, decentralized ledger that records every carbon credit transaction,
allowing all market participants to access and verify the history of each credit, thus preventing fraud,
double-counting, and market manipulation, ultimately fostering trust and legitimacy within the
carbon trading system.

It helps increase the trust factor and bring about a unifying standard for quality or mutually agreed
upon principles.

Blockchain enables the creation of decentralized marketplaces where carbon credits can be bought
and sold without intermediaries. This can reduce costs and barriers to entry for developing nations,
allowing them to participate more actively in carbon markets.

The need of NFTs: it can be divided into smaller fractions. Credits are typically not sold in volumes
less than one metric ton of carbon.

HOW?
Identifying the key players like governments, NGOs ets. It is also seen that it has already attracted
investors looking for financinal technology solutions to carbon market problems.