Going Green: Can Blockchain Save the Planet?4

The Intergovernmental Panel on Climate Change (IPCC) recently concluded that, at the current rate of human activity relating to global greenhouse gas emission pathways, we are facing a threat of a 1.5°C of global warming above pre-industrial levels. This may not sound like a large number, but the consequences are dire — think rising sea levels leading to flooding of lowland areas, degradation of tundras and rainforests, and increased CO₂ concentration in oceans leading to mass bleaching of coral reef ecosystems. That last one hits particularly close to home, being a scuba-diver myself.

To combat this issue, many organisations have looked to technology — blockchain in particular. One such organisation is the Blockchain for Climate Foundation that serves to “put the Paris Agreement on the blockchain” and “catalyse climate action by connecting the national carbon accounts of the world.”

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