The Brookfield Renewable – JPMorgan Chase partnership sets a high benchmark for corporate sustainability and decarbonization. This pioneering partnership leverages Brookfield’s extensive hydropower resources and cutting-edge blockchain technology to meet JPMorgan Chase’s goal of sourcing 100% renewable energy for its global operations.
Key takeaways:
1. It is a pioneering step that marries innovation with sustainability by harnessing advanced blockchain technology developed to track the energy generation it supplied megawatt-by-megawatt, in real time.
2. By matching the instantaneous output of a facility to corresponding demand, the technology brings enhanced transparency and auditability to renewable power purchases, enabling authentication of the transaction.
Next steps:
1. Scale, transparency, auditability and a strong commitment to sustainability.
2. As the world looks to rein in planet-warming carbon emissions to tackle global warming, these are the tools to put us on a path to achieving this critical goal.
Link
Project website: Link
Contact: Nicole Sullivan (nicole.sullivan@cleartrace.io) ; Michael Daschle, Brookfield Properties
