The Crypto Climate Accord Walks a Fine Line Between Self-Interest and the Gre...
As the spotlight turns once again towards the environmental impact of blockchain technologies, support for the Crypto Climate Accord has come from curious corners of the industry, raising questions about its signatories’ motives. Authenticity of CCA’s Support Remains Debatable With concerns surrounding blockchain’s environmental impact garnering a lot of attention, the alarms have grown so loud that crypto mining was the hottest topic of discussion during this year’s UN World Environment Day. This echoed increased support for initiatives designed to restore the....
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The cryptocurrency industry uses approximately 150 TWh of electricity annually, which is more than Poland, Norway, Egypt or Sweden, the company said. Enjin, a blockchain gaming and nonfungible token platform, has stepped up to decarbonize its footprint by joining the Crypto Climate Accord, a move that adds further credibility to the industry’s growing environmental mandate. The Crypto Climate Accord is backed by 20 firms from the blockchain, fin-tech and greentech industries. Inspired by the 195-signatory Paris Climate Agreement, the Accord was established in April to address the "large....
One of the group's long-term goals involves transitioning all of the world’s blockchains to 100% renewable energy by 2025. A group of more than 20 firms comprising crypto, finance, technology, energy, and non-government organizations has banded together to focus on the environmental impact of cryptocurrency.In an announcement today, the Crypto Climate Accord — reportedly inspired by the 195-signatory Paris Climate Agreement — said it aims to address the "large and growing energy consumption of cryptocurrency and blockchain, and the climate impact of their energy use." Launched by....
Environmental sustainability continues to be top of mind for cryptocurrency miners after Elon Musk drew negative attention to the industry earlier this year. Cryptocurrency mining company Argo Blockchain announced Tuesday that it has reached an important milestone in its climate strategy, sending a strong signal that environmental sustainability remains one of its primary focuses. The company claims its crypto operations have become “climate positive” for Scope 1, 2 and 3 greenhouse gas emissions. According to Carbon Trust, a global advocacy group for environmental sustainability, Scope 1....
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....
Here are some of the leading environmentally-conscious projects within the crypto industry and how they are utilizing their technological influence to good effect. Earth Day, a 52-year-old tradition celebrated annually on April 22, provides an opportune moment for the world’s citizens to reflect upon their environmental progress, as well as rally support for political policy-making, cultural climate awareness and individual commitments to sustainability.The emergence of blockchain and Web3 has provided the core architecture for a structural remodeling in public transparency, and as such, a....