WEF Launches Crypto Sustainability Coalition to Fight Climate Change | Crypto

WEF Launches Crypto Sustainability Coalition to Fight Climate Change

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-The World Economic Forum (WEF) has launched the Crypto Sustainability Coalition, an initiative dedicated to assessing the role of Web3 technologies in the fight against climate change.
-The organization, which is composed of 30 companies, educative groups, and other institutions, will research the impact of the energy consumption of these technologies, and how they can be used to aid the current decarbonization efforts.
-The initiative, which was announced on September 21, is called the Crypto Sustainability Coalition, and it is composed of 30 different companies, educative organizations, and other institutions interested in this issue.
-This coalition, as part of the Crypto Impact and Sustainability Accelerator, another bigger initiative launched this same year, will inquire about the different ways in which these companies can organize to help in this endeavor.
-The new initiative has already created different workgroups to investigate three key subjects related to crypto, blockchain, and their usage.
-One of these points has to do with the energy usage of these technologies, and how these can impact the climate and nature in the future.
-Another of the key points has to do with how these Web3 technologies can change and be leveraged in order to decarbonize current activities.
-The third subject has to do with standardizing and putting carbon credits in the blockchain, making the issuance and management of these instruments more transparent and trustable, and opening the doors for more people to participate in these markets.

shutterstock 1968741649 WEF Launches Crypto Sustainability Coalition to Fight Climate Change

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