How Blockchain Technology is Transforming Climate Action
Article taken from CoinTelegraph.
It's time to join the blockchain community with the climate change community in some concrete and scalable investments in DLT and climate action.
The November 2021 United Nations Climate Change Conference, known as COP26, held 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 prompting many to turn to blockchain technology, purchase carbon offsets, and spark a renewed interest in carbon capture.
The United Nations Environment Program (UNEP) has identified transparency, clean energy, carbon markets and climate finance as areas where blockchain technology can accelerate climate action. At the 2017 Paris Summit, the UN Climate Change Secretariat joined a group of multi-stakeholder organizations to establish an open global initiative, the Climate Chain Coalition, signaling its early support to blockchain for climate.