||Biologist investigates global standard for carbon neutrality
Much like UL when electricity was new to the world - this project aims to safeguard investments in carbon offsets and claims of climate neutrality
|By Thomas Stewart
||Published: Friday, April 30, 2021 at 6:01 a.m.
Last Modified: Thursday, April 29, 2021 at 11:33 p.m.
The ClimateSafe® Insurance Industry Consortium Project
Suffering the climate crisis costs more than avoiding it, an active global business consortium can get more done faster than a collection of Governments can, and investing in carbon drawdown is economical; in some cases it's even profitable.
Upon these premises stands a concept by Brian Cady - a biologist from Massachusetts wondering how to achieve the greatest improvement in greenhouse gas emissions at the lowest cost, and in the shortest time frame.
Brian read that a similar set of circumstances came together in the late 1800's, when electricity was about to change how economies and societies function - without any framework for safety standards, in everything from how to hook up a set of wires, to what voltages to use, to preventing users from getting shocked. The adoption of this new utility was expanding so fast that electricity suddenly posed a serious fire risk in every major U.S. city.
At the time a Mr. Merrill conceptualized a framework to guide the adopting of this new technology and associated practices - so that the many things, gadgets and tools conducting electricity, would meet the same safety standards from place to place - whether it was from Chicago to New York, or Chicago to Buenos Aires.
To support the insurance underwriters of the day, William Henry Merrill created Underwriters Laboratory, today known simply as UL, as a platform to manage the fire risk of the sudden wide spread adoption of electrical items, and start testing these products to published standards, then certifying and labeling them.
Brian Cady believes that similar circumstance exists today - and that by reaching out to and collaborating with The Global Reinsurance Forum - as well as UL - and other economic groups - a swift and smooth transition to a low / no / negative carbon economy is achievable.
Brian approached us last fall - and is now carrying out an internship to further this righteous goal.