Quotient Capital Recognizes Green Blockchain Technology

Quotient Capital Recognizes Green Blockchain Technology

PR Newswire

MELBOURNE, Australia, Nov. 25, 2017 /PRNewswire/ – In the 21st century, climate change has been a much-discussed topic by scientists from every corner of the world. The alarmingly increasing rate of global warming, mainly due to carbon emissions, has made 2016 the warmest year in history.

Global warming issues have brought world leaders together on many occasions, as they cooperate to combat the daunting task of reducing carbon emissions. However, it is only recently that a compelling solution was found.

Reducing carbon emissions begin with managing carbon footprints on an industrial scale. Businesses would require an accurate ledger to track all carbon emissions, be it in manufacturing or farming. Blockchain technology offers such capabilities, guaranteeing transparent and verifiable records that cannot be tampered with. It will replace the current carbon tracking system that was created by the United Nations as it lacks visibility and credibility. There is also the issue of double counting carbon incentives and having different standards in different jurisdictions.

This is where “carbon currency” comes into play. With a new universal ledger, governments are able to assign culpability accurately and reliably. Carbon currency can be used to pay for the negative carbon impact created and likewise be used to rebate carbon reduction projects.

Sustainable projects to regrow or preserve the rainforests are one of the most effective means of reducing carbon emission in an extensive and economical way. The forest ecosystem is a natural counter to carbon dioxide as they recycle and reduce carbon footprints. In order to incentivize green projects, carbon credits can be offered to motivate businesses to lessen their negative impact on the environment.

Carbon currency could also motivate the development of peer-to-peer renewable energy trades. Businesses will now be able to trade or exchange renewable energy assets freely on a cryptocurrency exchange.

Jon Downing, CEO of Quotient Capital, explains, “Blockchain technology enables us to allocate a financial value on the planet’s resources, something that was never done before. This means that we will now know exactly how much of the environment goes into every manufactured product, and more importantly who are the parties responsible. This is a significant leap towards world preservation. Quotient Capital is currently exploring all potential opportunities that could arise from these exciting developments.”

Quotient Capital

Quotient Capital is a blockchain asset investment management company founded in Australia, 2004.

The firm started as a conventional asset management company before focusing primarily in the acquisitions and trading of various cryptocurrencies, as well as investments into cryptocurrency-related companies and assets.

Quotient Capital currently has 5.8 billion USD assets under management and five offices globally. 

 

View original content:http://www.prnewswire.com/news-releases/quotient-capital-recognizes-green-blockchain-technology-300561576.html

SOURCE Quotient Capital

Renewal and enhancement of the Écocamionnage program

Renewal and enhancement of the Écocamionnage program

Canada NewsWire

MONTRÉAL, Nov. 24, 2017 /CNW Telbec/ - Gaz Métro is delighted with the announcement made by the Minister of Transport, Sustainable Mobility and Transport Electrification and the Minister of Sustainable Development, Environment and the Fight against Climate Change for the renewal and enhancement of the Écocamionnage (green trucking) program. The Écocamionnage program includes financing for the purchase of heavy vehicles that run on more eco-friendly fuels.

“In order to reach the greenhouse gas (GHG) emission reduction objectives in Québec, we absolutely must be willing to help the industry responsible for the largest share of emissions: transportation. The Écocamionnage program is crucial to the road freight transportation sector for the development and use of cleaner fuels and technologies. The opportunity to receive financial assistance for the acquisition of a used vehicle is an additional tool for speeding up the conversion of the province’s fleet of heavy vehicles,” said Stéphanie Trudeau, Senior Vice President, Regulatory, Customers and Communities at Gaz Métro.

For the last several years, Gaz Métro has offered its customers the option of using natural gas as a fuel to power their fleet of heavy vehicles. Switching from diesel—still widely used in the industry—to natural gas allows for annual reductions of up to 35 tonnes of GHG per truck while generating savings and benefiting from reliable technology, proven for over 15 years. Enhancement of the Écocamionnage program will encourage carriers to convert their fleets to new or used eco-friendly vehicles. They could receive financial assistance of up to $30,000 per vehicule.

About Gaz Métro
With more than $7 billion in assets, Gaz Métro is a leading energy provider. It is the largest natural gas distribution company in Québec, where its network of over 10,000 km of underground pipelines serves more than 300 municipalities and more than 205,000 customers. Gaz Métro is also present in Vermont, where it has more than 315,000 customers. There, it operates through its subsidiaries in the electricity production market and the electricity and natural gas distribution market. Gaz Métro is actively involved in developing and operating innovative, promising energy projects, including natural gas as fuel, liquefied natural gas as a replacement for higher emission-producing energies, the production of wind and solar power, and the development of biomethane. Gaz Métro is a major energy sector player that takes the lead in responding to the needs of its customers, regions and municipalities, local organizations, and communities while also satisfying the expectations of its Partners (GMi and Valener) and employees

www.twitter.com/gazmetro #GazmetroDD
http://www.gazmetro.com/pressroom
Photos, videos (b-roll) and logos are available in Gaz Métro’s Multimedia Library.

 

SOURCE Gaz Metro Limited Partnership

View original content: http://www.newswire.ca/en/releases/archive/November2017/24/c4329.html

30th anniversary of the Montreal Protocol – The United Nations Environment Programme recognizes Québec’s leadership in protecting the ozone layer

30th anniversary of the Montreal Protocol – The United Nations Environment Programme recognizes Québec’s leadership in protecting the ozone layer

Canada NewsWire

MONTRÉAL, Nov. 24, 2017 /CNW Telbec/ – The United Nations Environment Programme (UNEP) awarded Québec the Political Leadership Award at the Ozone Awards ceremony held yesterday in conjunction with the 11th meeting of the Conference of the Parties to the Vienna Convention for the Protection of the Ozone Layer and the 29th meeting of the Parties to the Montreal Protocol on Substances that Deplete the Ozone Layer.

Québec received the honour in recognition of its efforts to ban ozone-depleting substances (ODS). It is worth noting that Québec decided to link its approach to protect the ozone layer to its overall strategy to combat climate change. The reduction in the use of halocarbons is a specific measure in the 2013-2020 Action Plan on Climate Change. Moreover, under Québec’s International Policy launched in April 2017, the government appointed an emissary responsible for climate change and northern and Arctic affairs to broaden our influence on the international scene and promote Québec’s positions in this field.

What is more, by overseeing the installation of equipment that requires halocarbons, the Québec measures go beyond the tools that target the manufacture and importing of such equipment elsewhere in the world. It should be emphasized that Québec is also seeking to subject air conditioning and refrigeration equipment to extended producer responsibility (EPR), an initiative that should engender additional benefits by capturing greater amounts of ODS and halocarbons before they reach the atmosphere.

Quotes:

“Tackling climate change demands strong political leadership and the Québec government has repeatedly shown such leadership. Yesterday’s award rounds out several other marks of recognition that it has received in this respect. I am proud of our numerous, varied achievements stemming from strong, significant political initiatives. Rest assured that we will work to further advance this cause. The future of our planet and our children is at stake.”

Isabelle Melançon, Minister of Sustainable Development, the Environment and the Fight Against Climate Change

“Québec has once again shown that it is consolidating its leadership in the realm of climate diplomacy. It is important to focus on key challenges for the future of the planet, which reflects the Québec government’s firm resolve to contribute, along with the international community, to conservation efforts, the search for sustainable solutions and the development of Québec expertise.”

Christine St-Pierre, Minister of International Relations and La Francophonie

Highlights:

Depending on the type of ODS emitted, a tonne of ODS can be equivalent to 1 000 tonnes or more of CO2. The powerful greenhouse gases also impede the regeneration of the ozone layer when they react with it as they rise in the stratosphere. Their alternatives, HFCs and PFCs, have no impact on the ozone layer. They are, nevertheless, GHG and some of them display very high global warming potential.

Adopted in 1987, the Montreal Protocol is the international agreement governing ozone-depleting substances and has been amended several times. Canada is a signatory to the protocol. Although it has not declared that it is officially bound by the agreement, it has assumed its responsibilities concerning this environmental problem since 1993.

The Ozone Awards recognize the outstanding commitment and contribution of individuals or organizations in carrying out and achieving the objectives of the Montreal Protocol. The recipients are chosen based on the recommendations of a technical selection committee that assembles international experts on the Montreal Protocol and an international jury comprising eminent leaders.

Related links:

To obtain additional information on the Ozone Secretariat, which is the Secretariat for the Vienna Convention for the Protection of the Ozone Layer and on the Montreal Protocol on Substances that Deplete the Ozone Layer, please visit:
http://42functions.net/fr/about_the_secretariat.php.

For an overview of the Montreal Protocol: https://unep.ch/ozone/Publications/MP_Brief%20primer-F.pdf.

For information on regulations respecting halocarbons in the MDDELCC:
http://www.mddelcc.gouv.qc.ca/air/halocarbures/index.htm.  

 


Source:


Information:

Geneviève Benoit

Press Officer

Office of the Minister of Sustainable Development,

the Environment and the Fight Against

Climate Change

Telephone: 418-521-3911

Media relations

Ministère du Développement durable,

de l’Environnement et de la Lutte

contre les changements climatiques

Telephone: 418-521-3991

 

SOURCE Cabinet de la ministre du Développement durable, de l’Environnement et de la Lutte contre les changements climatiques

View original content: http://www.newswire.ca/en/releases/archive/November2017/24/c3981.html