How will blockchain technology help combat climate change?Expert answers

For some time, the global climate crisis has been a hot topic. But the discourse has changed, consensus has been reached, and the topic has shifted to how to stop losses — or at least reduce the ongoing climate change problem. The two key moments for reaching this point are the adoption of the United Nations; the Sustainable Development Goals (SDG), whose mission is to be “a blueprint for a better and more sustainable future for all”, and the Paris Agreement, which is An international agreement adopted by almost all countries in 2015 six years ago.

The discussion around how to deal with the global climate crisis has turned to emerging technologies and their role in this process. As early as 2017, the “United Nations Framework Convention on Climate Change” (UNFCCC) Emphasize the importance of blockchain technology Help the world deal with climate change. The UNFCCC Secretariat detailed some specific use cases:

“In particular, transparency, cost-effectiveness and efficiency advantages, which in turn may lead to greater stakeholder integration and enhanced creation of global public goods, are currently regarded as the main potential benefits.”

Decentralized technology does have the potential to help Achieve the Sustainable Development Goals By recasting normal method Through sustainable development Benefits of blockchain technology, Such as transparency and immutability.As shown to us in 2020, many countries around the world have already Switch to emerging technologies In their response to the climate crisis and efforts to reduce carbon-intensive practices.Some examples include Russia, India, Qatar, this United Arab Emirates, nation Africa with Asia Pacific Region and of course G7 countries — Including Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

At the same time, at the beginning of 2021, people are facing Bitcoin (Bitcoin) The carbon footprint becomes hot topic Inside and outside the crypto community, forcing some major global media to talk about Bitcoin Energy consumption and carbon emissionsHowever, this topic is not a new topic, because experts are already discussing The pros and cons of Bitcoin mining for a while.Supporters of Bitcoin believe Energy consumption does not matter “Compared with global energy production and waste”; then Compared with BTC mining, “Processing gold and steel is a waste of money, energy and resources.”

In this debate, it is better to put aside the question of who is right and who is wrong, and instead focus on its impact.There is a saying that every cloud has a silver lining. The most important point in this debate is that the crypto industry has accepted that it must be prioritized. Focus on green technology, Offset Bitcoin carbon emissions with Utilize renewable energy.

In order to understand the possible impact of these technologies in addressing the climate crisis, Cointelegraph contacted some experts in emerging technology fields whose goals are directly related to sustainable development and technological innovation. The experts expressed their views on the following issues: How can emerging technologies help achieve the UN’s sustainable development goals and mitigate the effects of climate change?

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