The local authority has signed a partnership deal with The Poseidon Foundation to use its integrate the company's blockchain-powered platform into its day to day operations.
The technology offsets the carbon impact of any product or service by transparently supporting essential forest conservation projects, allowing individuals, organisations and governments to reverse the impact of climate change every day through their activities.
Poseidon will work with local schools, universities and businesses to develop educational programmes around climate impact that will play a vital role as part of the council's commitment to cut its overall carbon emissions by 40% by 2030.
Over the next 12 months, Poseidon will move its operations to the city in order to play a key role in Liverpool's new climate positive strategy.
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Mayor of Liverpool, Joe Anderson, said: "I'm delighted we have signed this partnership agreement with Poseidon to connect Liverpool directly with climate positive projects across the globe. Poseidon's technology is the first of its kind to truly deliver a solution to governments, businesses and individuals around the world to help reverse the causes of climate change and I am thrilled this agreement will bring this cutting-edge technology to our city.
"Liverpool City Council has a significant carbon footprint because of all the services we provide be it street lighting, the running of countless properties like St George's Hall or the Arena and our fleet of vehicles. We are already making significant strides to reduce our impact by 40% by 2030, but that is not enough and partnering with Poseidon – whose potential for growth as a business is hugely exciting – means we can explore radical new ways to do more."
Laszlo Giricz, Founder and Chief Executive Officer of Poseidon, said: "This is a ground-breaking partnership, not just for Poseidon and Liverpool, but globally. For the first time, a city will use blockchain technology to go beyond rebalancing its carbon footprint – leading the way in the fight against climate change.
"Liverpool is a trail blazer and a shining example to other cities in the UK and across the world on what can be achieved through harnessing the power of technology to meet one of humanity's greatest challenges. And now that it is clear that our platform is fully scalable, it is time for other cities to take action."
(LM/MH)
