Cryptocurrency and Blockchain Technologies Address Global Challenges, Including Environmental Crisis Through Carbon Offsets
The UN Environmental Programme considers blockchain a potential opportunity for the reduction of carbon emissions and other environmental impacts faced globally Cryptocurrency and blockchain technology has the potential to create a positive environmental impact through the use of digital ledgers and carbon credits Carbon credits are digital certificates purchased by companies and environmental projects certifying that they have reduced emissions by at least 1 tonne of CO2 or equivalent greenhouse gas in a given year Companies can be considered carbon neutral if the number of carbon credits purchased equals their carbon footprint The voluntary carbon offsets market was valued at…
