Empati

Many sectors including energy, carbon markets and #financialservices are undergoing a transformation with the rise of #tokenisation, which involves converting assets into digital tokens on a blockchain. This innovation is revolutionising traditional market structures by enhancing liquidity and boosting investor confidence. This article delves into tokenisation in energy and #carbonabatement, its effects on #fungibility, and the promising future of a fungible carbon tonne. A particular focus is given to the pioneering technology developed by Empati and its subsidiary, Carbon Alpha, which is setting new standards in the realm of carbon abatement through the creation of standardised, tradeable #carbon tokens. Stewart Dodd Darren Orbart Sarvapali (Gopal) Ramchurn Oliver Nunn Maisie Rose José Fernando Martínez Paz Dong Huynh #climatechange #carbonalpha #markets #empati

In the recent article by BBC News, it was revealed that Google's #greenhouse gas #emissions have surged by 48% over the past five years, primarily due to the increasing energy demands of #AI technologies, particularly large language models (LLMs). As AI continues to evolve, the computational power required to support these advancements is placing unprecedented strain on our energy resources, raising significant environmental concerns. At Empati, we recognize the critical need to address these challenges head-on. Our innovative product line #CarbonAlpha is designed to mitigate the environmental impact of AI and data centres. By leveraging our cutting-edge CausalTrace technology, we provide real-time carbon tracking and tokenisation of carbon abatement. This enables precise measurement and reduction of #carbonemissions through a #fungible carbon tonne, creating a marketplace enabling large US dollar capital flows into decarbonisation projects and accounting for carbon content per compute cycle. Get in touch to discuss further. Stewart Dodd Sarvapali (Gopal) Ramchurn Darren Orbart Oliver Nunn Maisie Rose José Fernando Martínez Paz Dong Huynh https://lnkd.in/eTYp8cxB

Dear Bill, The Standardisation Revolution: From Imperial to Empati Carbon Alpha The Industrial Revolution of the 18th and 19th centuries was not just about steam engines and factories; it was fundamentally enabled by the development of standardised measurements and fungible currencies. These standards were crucial for the precise engineering, efficient trade, and economic growth that characterised the era Imperial and Metric: The Original Industrial Standards The Imperial system, standardised in the British Weights and Measures Act of 1824, provided a unified set of measurements across the British Empire. It included units such as: - Length: inch, foot, yard, mile - Weight: ounce, pound, stone - Volume: fluid ounce, pint, gallon Meanwhile, the metric system, introduced in France in 1799, offered a decimal-based alternative: - Length: metre - Mass: kilogram - Volume: litre Fungible Currencies: Lubricating Trade Alongside standardised measurements, the Industrial Revolution saw the refinement of currency systems. These fungible units of exchange facilitated smoother transactions and enabled the complex financial instruments that funded industrial expansion. The Clean Industrial Revolution: Carbon as the New Metric Today, we stand at the cusp of a Clean Industrial Revolution, as outlined by Bill Gates. Just as the original Industrial Revolution required standardised measurements, this new era demands a tokenised and fungible unit of carbon. This is where Empati's work becomes crucial. We have already created the Carbon Alpha fungible tokenised tonne, which serves as the "metric system" of carbon abatement: - Standardised: Consistent across time and space - Fungible: Interchangeable and divisible - Precise: 99.5% accurate under P90 Condition Just as the metre and kilogram enabled precise engineering in the 19th century, Empati's Carbon Alpha token enables precise carbon accounting and trading in the 21st century. It has become the new "currency" of the global effort to combat climate change. With our standardised, fungible carbon token: 1. Carbon markets will now function more efficiently, similar to how standardised currencies boosted trade. 2. Innovation in clean technologies can be more accurately measured and compared, much like how standardised measurements enabled rapid technological progress during the Industrial Revolution. 3. Global collaboration on climate change is enhanced, as all parties are now "speaking the same language" when it comes to carbon emissions and abatement. In conclusion, just as the original Industrial Revolution was built on the foundation of standardised measurements and fungible currencies, the Clean Industrial Revolution is powered by Empati's standardised, fungible measure of carbon. This new "metric system" of carbon is the key to unlocking the full potential of clean technologies and market-driven solutions to climate change, ushering in a new era of sustainable industrial progress.

In today's urgent battle against #climatechange, adopting effective #carbonabatement strategies is not just an option but a necessity. The landscape of carbon abatement is evolving rapidly, driven by technological advancements and #innovative methodologies. This article delves into a comparative analysis of two pivotal tools in this domain: the #Berkeley Marginal Abatement Cost Curve (#MACC) and its advanced #AI-powered successor, #CarbonAlpha. Through this analysis, we highlight how Carbon Alpha signifies a profound leap in our approach to carbon abatement, leveraging artificial intelligence to optimize and enhance the efficacy of our environmental efforts. Stewart Dodd Darren Orbart Oliver Nunn Sarvapali (Gopal) Ramchurn Maisie Rose Dong Huynh José Fernando Martínez Paz #empati #carbonaccounting #carbonmarkets #realtime

The UN Special Envoy on Climate Action and Finance, and former Governor of the Bank of England Mark Carney, underscores the urgent need to reduce emissions to limit global warming to 1.5°C. Voluntary carbon markets (#VCMs) currently suffer from issues of integrity and credibility. Carbon Alpha by Empati addresses these inadequacies by creating a new marketplace based on #probabilistic outcomes from defined carbon counterfactuals, ensuring a high-integrity carbon marketplace that drives efficient transitions, increases investments, and promotes sustainable growth. Now is the time to establish a globally integrated, high-integrity carbon marketplace to tackle climate change decisively. #ai #carbonmarket #climatechange Stewart Dodd Sarvapali (Gopal) Ramchurn Darren Orbart Oliver Nunn José Fernando Martínez Paz Maisie Rose Financial Times https://lnkd.in/gqW9KpBy

In today's complex and unpredictable world, markets that leverage probabilistically defined underlyings play a crucial role in managing uncertainty and risk across various sectors. Our latest article delves into how these markets utilise statistical models to establish their fundamental measures, leading to precise risk assessment and pricing strategies. This probabilistic approach ensures #fungibility, allowing units of trade to be standardised and interchangeable. This standardisation facilitates smooth transactions across different markets and contracts. By adopting this probabilistic foundation, we can accurately price and share risks, effectively quantifying and managing inherent uncertainties and variabilities. The result? Market participants gain the ability to hedge against risks and invest with confidence, relying on the reliability and consistency of these underlying measures. #climatechange #carbonmarkets #empati #ai Stewart Dodd Darren Orbart Sarvapali (Gopal) Ramchurn José Fernando Martínez Paz Oliver Nunn Maisie Rose Dong Huynh

A heartfelt congratulations to the incredible team at Just Climate on the successful close of your inaugural $1.5 billion Industrial Climate Solutions Fund! This groundbreaking achievement not only exceeded the $1 billion target but also set a new standard in the investment world by intrinsically linking performance fees to #greenhousegas reduction. This innovative approach underscores Just Climate's unwavering commitment to delivering high-impact climate solutions while ensuring attractive risk-adjusted returns. By focusing on #hardtoabate industries, Just Climate is leading the charge in #decarbonising sectors critical to achieving net-zero by 2050. Special recognition to the diverse and visionary group of institutional investors who have rallied behind this mission, demonstrating a global commitment to transformative climate action. Goldman Sachs CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM PSP Investments Microsoft IMAS Foundation Ireland Strategic Investment Fund Imprint Hall Capital Partners LLC Harvard Management Company Together, we are proving that financial success and #climateaction can go hand in hand. Stewart Dodd Darren Orbart Oliver Nunn Maisie Rose Sarvapali (Gopal) Ramchurn Dong Huynh Shaun Kingsbury CBE Clara Barby Generation Investment Management David Easton David Blood José Fernando Martínez Paz #empati

In today's dynamic #carbonmarket landscape, integrating #precise and #reliable #data standards is essential for effective #carbonabatement and reporting. At Empati, we're leading the way by utilising the #W3C PROV standard alongside the #Empati CausalTrace platform. This powerful combination enables us to deliver an innovative solution that achieves an impressive 99.5% accuracy in abatement numbers under P90 conditions. This level of precision is critical for ensuring the #credibility and #functionality of our CO2⍺ tokens in global carbon markets, reinforcing our commitment to environmental integrity and #transparency. Stewart Dodd Darren Orbart José Fernando Martínez Paz Oliver Nunn Maisie Rose Sarvapali (Gopal) Ramchurn Dong Huynh

Following our discussion in yesterday's article, today we will explore the inefficiencies in the current #carbonmarkets. It's clear that the concentration of #CO2 in our atmosphere is a pressing concern that will significantly impact the future of our planet. Despite the numerous initiatives and markets aimed at reducing #carbonemissions, the present state of carbon markets is plagued by inefficiencies that impede their overall effectiveness. One key issue is the #nonfungible nature of #carboncredits, which complicates their exchange and diminishes the fluidity of the market. This lack of standardisation hinders the ability to seamlessly trade and offset emissions, ultimately affecting the market's capability to function optimally. Stewart Dodd Darren Orbart Sarvapali (Gopal) Ramchurn Oliver Nunn José Fernando Martínez Paz Maisie Rose Dong Huynh #ai #climatechange #carbonaccounting #empati

This is the first in a series of articles exploring how #Empati leverages cutting-edge #technology and financial markets to drive #carbonabatement. In today's rapidly evolving world, the concentration of #CO2 in parts per million will shape the future of our planet. At Empati, along with our subsidiary Carbon Alpha, we are committed to the belief that capitalism can be a powerful tool in combating climate change. Our mission is to reconfigure price signals to enable capital markets to address #climatechange effectively. By developing innovative technology, platforms, and standards, we are creating and facilitating the trade of #fungible carbon abatement on a new, legitimate #carbonmarket. Stay tuned as we delve deeper into our strategies and initiatives aimed at making a tangible impact on our environment. Stewart Dodd Darren Orbart Sarvapali (Gopal) Ramchurn Oliver Nunn José Fernando Martínez Paz Dong Huynh