Over the last 2 years, I have been very focused on Real Estate-related projects.TCFD prioritises the following 4 key sectors. 1) Energy 2) Transport 3) Build/Materials 4) Agriculture. I singled out the real estate sector as it accounts for ⅓ of global carbon emissions and is the one which needs more attention in the UK as we are lagging behind in global rankings. It is also a huge asset class (one of an individual’s biggest investments is their property) which is very exposed to physical (floodings, wildfires, etc) and transition risks. BCI collects data for 70% of UK properties to identify transition policy risks as well as physical risks. Based on the data, we are designing a fixed income solution (e.g. loan/bond) attached to a blockchain to help fund households’ energy retrofits. We submitted our project to the “G20 competition” and we are very proud to be recognised with a financial award (our project was of the shortlisted projects).
BCI is internationally focused but we are UK-based and often start pilots in the UK due to its world-leading open data policies. However, Africa and emerging economies are a key areas of work for tech transfer projects and we have partnered with the UN Climate Technology & Network in order to further their mission. As part of this partnership, BCI will be leading tech transfer conversations in the run-up to the COP27, the “Truly African COP” which will have a distinctive agenda focused on climate finance, adaptation, loss, and damage.