The focus of the blockchain climate discussion is missing the point
Bitcoin’s energy consumption and its dependency on climate-damaging fossil fuels has raised debates from both inside and outside the blockchain community. As the nonfungible tokens craze took off at the start of the year, many climate-conscious artists vocalized their disapproval of Ethereum’s energy consumption. In May, Elon Musk then derailed Bitcoin (BTC), citing the energy consumed by Bitcoin as cause for Tesla to withdraw its plans to accept BTC as payment for its electric cars. Both of these events have provoked a surge of debate from inside and outside the blockchain community. In....
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Taking the stage at the MENA Climate Week, Kristina Cornèr, the editor-in-chief of Cointelegraph, shared insights into how the crypto community could contribute to positive climate impact. MENA Climate Week kicked off on Tuesday with a focus on discussing the use of blockchain technology for bringing transformative climate action to the region. Kristina Cornèr, Cointelegraph’s editor-in-chief, shared her insights in a panel discussion on how the climate action sector can benefit from the crypto and blockchain community.In the session held in Dubai, United Arab Emirates, Cornèr discussed....
Reddit group r/wallstreetbets will allow a limited amount of crypto discussion, as it seeks to accommodate members in the community without detracting from its stock market focus. The moderators of subreddit r/wallstreetbets have announced they will allow crypto discussion in the subreddit from today. The retail trading group, famous for pumping traditional stocks such as Gamestop (GME) and scaring hedge fund managers out of their shorts — which is soon to be a major movie — will limit discussion to three cryptocurrencies, BTC, ETH, and DOGE, in a single daily thread. A post this morning....
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....
HyperLedger’s Karen Ottoni explains that blockchains do more than just create cryptocurrencies: effective tools against climate change, they also improve the supply chain. “Cryptocurrency is just one use case for blockchain,” Karen Ottoni, director of ecosystem at Hyperledger, tells Cointelegraph in an interview during Paris Blockchain Week.From “supply chain and trade, finance and capital markets, tokenizing green bonds, tokenizing real estate,” the list of blockchain applicable ideas is numerous and growing. HyperLedger’s bread and butter is to sort through then support enterprise-grade....
It’s time to unite the blockchain community with the climate change community in some concrete and scalable investments into DLT and climate action. The United Nations Climate Change Conference of November 2021, known as COP26, in Glasgow, Scotland urged the world to commit to curbing contributions to carbon emissions. Achieving a net-zero world in less than 30 years is causing many to turn to blockchain technology, buy carbon offsets, and spark renewed interest in carbon capture.The United Nations Environment Programme (UNEP) has identified transparency, clean energy, carbon markets and....