Dear David, thank you for your thought inducing response.
The response to your first question, how do we get someone to buy coins?. In case of India, there are two relevant provisions firstly, the Government of India has a CSR policy that can be reviewed at the following link (http://finance.bih.nic.in/documents/csr-policy.pdf), it mandates that the company has to spend 2% of its profits for CSR initiatives. In addition, as part INDCs of India (http://www4.unfccc.int/ndcregistry/PublishedDocuments/India%20First/INDIA%20INDC%20TO%20UNFCCC.pdf) there is a commitment to reduce the emissions intensity of its GDP by 33 to 35 percent by 2030 from 2005 level and to create an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030. For achieving these targets the companies have to contribute and hence there is an incentive for the companies to source emission reduction or ecosystem restoration coins to meet their obligations both under CSR and climate change related obligations.
The question on making the polluters stop polluting?, I don't know how it can be done, as it would be beyond our scope and reach of how we can achieve the same. Maybe, you can share some thoughts and come up with an innovative idea to address the same in the near future, which might be acceptable to the polluters to take it up. As Bremley has explained in the previous comments, the idea is to make tree planting sustainable and more over create sustainable livelihoods.
I don't know which kind of agreement would allow someone to run away with money without delivering. If you do not create necessary fiduciary controls, and deal with individuals or entities with questionable credibility at times this things might happen. However, it needs to be remembered that more number of people and organisations have their credibility on the line and would not engage in this activities.
The ideas that you explained are of interest with regards to mobile pay, we may discuss the same during the Caux dialogue face to face to explore options for taking those processes into prospective projects.
We have been working in this region and have partnered with BioCarbon Fund of the World Bank and have released the carbon revenue to the farmers, and we have experience of delivering the money to the participating communities through established banking systems in India. So, there are systems that are in place for ensuring that the payments are processed to the communities as per the rules of the land. As explained multiple times we are using blockchain as it offers transparency and is the current technology that offers a different value proposition. We are not tied to blockchain as explained earlier, it's a tool that is being used and the tools might change based on technological developments.
Dear Saahil, a innovative project that addresses a critical gap in the infrastructure sector. The idea of engaging directly with the migrant labour would offer a win-win situation for the sector. With regards to integration of smart contracts, it would be of interest if you can explore this option as it would bring in transparency into your operations, you may undertake a pilot operation of DLT, based on the feedback and operational issues that are observed the same may be scaled up into other areas depending upon issues of integration onto your existing platform. Would look forward to your project being developed and implemented to benefit the different stakeholders. Best regards, Sai
Dear Willoughby, thanks for the info, we have already reached out to Ezra and his work is very interesting, as discussed in the earlier comments below. We as individual project developers are working on different methodologies and approaches to solve a similar problem that is witnessed across various geographies. As Bremley has highlighted, we can explore opportunities where we can share our concepts and take the best practices that have worked or can work into our projects. With this approach we can address the challenges of individual projects and deliver the desired outcomes for each of the projects that we are working on. It would be great if we can meet up during the Caux dialogue where we can exchange views and explore options for collaboration.