LIVERPOOL, England--(BUSINESS WIRE)--The Poseidon Foundation (“Poseidon”) have signed a ground-breaking partnership with Liverpool City Council in a bid to make Liverpool the world’s first climate positive city by the end of 2020.

The city council has signed an agreement with Poseidon to integrate its ground-breaking blockchain-powered platform into Liverpool’s day to day operations. Poseidon’s 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 be moving its operations to the city in order to play a key role in Liverpool’s new climate positive strategy, which will be trialled over the next 12 months. Poseidon, who are already working closely with Liverpool company BAC Mono to create the world’ first climate positive car, will work with local schools, universities and businesses to develop educational programmes around climate impact that will play a vital role in the council’s commitment to cut its overall carbon emissions by 40% by 2030. This is the equivalent of protecting 136 million trees or 338,000 football fields, which could create over 3,500 jobs in the Peruvian Amazon.

In addition, the Mayor of Liverpool will host a Strategic Business Summit in September 2018 with businesses, social enterprises and not-for-profits from across the city region, where they will explore how Poseidon can help individual companies become climate positive.

Liverpool City Council is committed to becoming the first climate positive authority in the world by the end of 2018 and ultimately the first climate positive city in the world by the end of 2020. Consistently a city of firsts – from railways, public baths and electric lighting to subscription libraries and topical medicine – Liverpool is now leading the country’s sustainability agenda. The council’s partnership with Poseidon is another such example of a first for Liverpool, one that will be showcased to other major global cities at the UN World Cities Day event on 31st October.

Joe Anderson, Mayor of Liverpool, 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 CEO 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.”

ENDS

Notes to Editors

Poseidon’s token sale is currently ongoing, registration can be found here.

About Poseidon

Poseidon is a non-profit foundation that empowers everyone to rebalance their climate impact with a breakthrough approach. Using blockchain technology, it, for example, integrates carbon markets into transactions at the point-of-sale, giving consumers the opportunity to rebalance the climate impact of their lifestyle choices by supporting forestry conservation projects around the world when they buy everyday items. With a comprehensive offering for individuals, organisations and governments, Poseidon will transform people’s relationship to their carbon footprint, encourage vital behaviour change and unlock the considerable growth potential of carbon markets to effectively address climate change.

To find out more about Poseidon – www.poseidon.eco

About Liverpool City Council

Liverpool City Council has had a long-term commitment to reducing its carbon footprint. It is currently installing over 15,000 energy saving white LED streetlights across 2,000 streets in the city, reducing streetlight energy consumption by 82%. Since 2012, Liverpool has cut over 558,000 tonnes of CO2 production at a rate of 70,000 tonnes per year. The authority has a major stake in Liverpool’s transport infrastructure with holdings in the city’s cruise terminal and airport and is currently overseeing a plan to take away 700,000 dead miles in bus journeys in the city centre.

www.liverpool.gov.uk