Liverpool bids to be first ‘Climate Positive’ City by end of 2020

Liverpool aims to become the world’s first climate positive city by the end of 2020

Liverpool City Council to launch year-long trial to be first climate positive local authority by the end of 2018

by the end of 2018 More than 110% of the council’s fuel and energy emissions to be rebalanced by Poseidon’s innovative technology

Liverpool, Thursday 19th June 2018: 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: