For some time, the global climate crisis has been a hotly debated topic. But the discourse changed and consensus emerged, talking about how to stop – or somehow mitigate it – the current problem of climate change. Two key moments in achieving this position are the adoption of the United Nations Sustainable Development Goals (SDGs), which aim to achieve a “blueprint for a better and sustainable future for all”, and the Paris Agreement, an international agreement that has been adopted. each country about six years ago in 2015.
The debate on how to deal with the global climate crisis shifted to emerging technologies and their role in processes. In 2017, the United Nations Framework Convention on Climate Change (UNFCCC) highlighted the importance of blockchain technology in tackling global climate change. The UNFCCC Secretariat describes some specific use cases:
In particular, transparency, cost-effectiveness and efficiency, leading to greater stakeholder engagement and improved development of global public goods, are currently seen as key potential benefits.
Decentralized technologies have the potential to help achieve the SDGs by replicating traditional sustainable development strategies through the benefits of blockchain technology such as transparency and stability. As 2020 has shown us, many countries around the world have already switched to emerging technologies in the fight against the climate crisis and in efforts to reduce carbon-intensive practices. Some examples include Russia, India, Qatar, the United Arab Emirates, Africa and the Asia-Pacific region and of course the G7 countries – Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.
Meanwhile, in early 2021, concerns about the Bitcoin (BTC) carbon footprint became a topic of discussion inside and outside the crypto community, prompting several major world media to talk about Bitcoin’s energy consumption and carbon emissions. was forced to However, the topic is not new as experts have been discussing the pros and cons of bitcoin mining for some time now. Bitcoin proponents argued that energy consumption was “unrelated to global production and waste” and that, compared to BTC mining, “processing gold and steel is a waste of money, energy and resources.”
In this discussion it is good to set aside the problem of who is right and who is wrong and focus on its implications. There is a saying that there is a ray of hope in every cloud, and the most important aspect of this discussion was adopted by the crypto industry, which should focus on green technology, offset carbon emissions and increase renewable energy .
To understand the impact of these technologies in combating the climate crisis, Cointelegraph contacted a number of technologists and developed technologies whose goals are directly related to sustainable development and technological innovation. The experts commented on the following question: How can emerging technologies help in achieving the UN’s Sustainable Development Goals and mitigating the effects of climate change?
Adeline Joe of Chainling Labs:
Adelyn is the chief marketing officer of ChainLing Labs, a decentralized oracle network.
“While many people are arbitrarily changing their consumption habits in the face of climate change, global consumer change may require significant stimulus change for sustainable behaviour.
For example, the Green World Campaign and Cornell University are making great deals that will automatically reward those who have successfully regenerated land using satellite data, implementing tree cover, land reclamation and other remediation practices. has been implemented. When Linkling takes the proof of ground improvement on the oracle blockchain (via satellite images), it launches a smart deal to pay off. With this system, land managers can receive their rewards quickly and efficiently. At the same time, only real influencers can receive rewards, as they are only paid out when real-world conditions are met and checked in series. This entire process can be automated, scalable, and fraudulent, and can be set up in hundreds of application cases across different sectors. “
Candice Theo from Blockchain and Climate:
Candice is the Director of Communications at the Blockchain and Climate Institute, a non-profit tank with an international network of professionals working on blockchain technology, climate change and sustainability.
“The time has come to act on climate change. It is too late for us to act effectively on climate change,” Mark Carney told the United Kingdom Treasury Select Committee. Doing good for us is the challenge of measuring the future and not making things worse.
Currently, there is a high level of mistrust among various stakeholders, including donors and climate sponsors. Measurement, reporting and verification (MRV) issues have become a major obstacle in meeting their climate financial obligations. The consensus mechanism and key feature of blockchain remains unchanged, especially when combined with other emerging technologies such as AI and IoT, which significantly increase MRV while increasing confidence in the financial environment of carbon asset management/trade and biodiversity conservation (REDD). can. Renewable Social Energy Program, etc.
According to the International Energy Agency, there is a dire need to reduce peak energy demand. saw one here