How to Fight Climate Change Using Bitcoin
There have been concerns regarding the negative impact of bitcoin mining on the environment, as the sheer amount of equipment and power needed to carry on these operations might have negative repercussions. However, some bitcoin enthusiasts say that it is actually possibly to fight climate change using bitcoin. Former NASA engineer James D'Angelo pointed to the use of the cryptocurrency in limiting carbon emissions. With his unconventional idea he dubbed "the people's cap-and-trade" or Sno-Caps, he claims that everyone can have equal access to the carbon market with no government....
Related News
During the DigitalArt4Climate press conference, Cointelegraph editor-in-chief Kristina Cornèr took over the stage to understand the various blockchain initiatives that actively fight climate change. The United Nations Framework Convention on Climate Change (UNFCCC) along with climate change entrepreneurs and Cointelegraph delved into discussing the role of emerging technologies such as blockchain in solving global issues including climate change.During the DigitalArt4Climate press conference, Cointelegraph editor-in-chief Kristina Cornèr took over the stage to understand the various....
The United Nations has previously said it was exploring the uses of blockchain technology in the fight against climate change and to help reach a more sustainable global economy. The United Nations has selected blockchain platform Unique Network to run a nonfungible token (NFT) initiative in the effort to inspire others to take action against climate change.According to a Tuesday announcement, Unique will be the lead technology partner for a program from the UN’s Human Settlement Programme and International Association for the Advancement of Innovative Approaches to Global Challenges,....
The Swiss company TRES Group GmbH is launching an exciting and innovative program aiming at adding a solution to the Climate Change challenge. For several months, the FOSTER project has been under development, which aims to mass plant trees around the world for the benefit of increasing carbon dioxide absorption using blockchain technology. Climate the Change is an existential threat requiring participation by all to find and implement solutions to stay below 1.5 degree centigrade global warming. Nature Based Solutions are one form of alleviating CO2 emissions. Forestation and....
The Carbon Removal cause will fund community-focused projects that are helping fight climate change and reduce the global carbon footprint. EarthFund launches the Carbon Removal DAO, led by Dr Lucy Tweed. The fund aims to fund community-led projects focused on fighting climate change. The community will receive the CarbonCommons tokens to vote on their favourite […]
A green post-COVID-10 recovery in accordance with the United Nations’ 17 Sustainable Development Goals is possible with blockchain and NFTs. In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.The United Nations General Assembly (UNGA) is holding its 76th annual meeting between Sept. 14 and 30 to bring countries together at a critical time for marshaling....