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UK Parliament climate finance proposal names XRPL as operating infrastructure for renewables

A climate finance proposal submitted to the UK Parliament names the XRP Ledger (XRPL) as the blockchain operating layer in a pilot framework aimed at expanding investment in clean and renewable energy. The document proposes a structure known as CloCo, or climate conditional convertible bonds, to channel private capital into projects. It says XRPL would support data integrity and transparency without replacing banks or regulators, and notes the proposal is independent and not an official government adoption.