The November 2021 United Nations Climate Change Conference, known as COP26, in Glasgow, Scotland, urged the world to commit to reducing contributions to carbon emissions.
The United Nations Environment Program has identified transparency, clean energy, carbon markets and climate finance as areas where blockchain technology can accelerate climate action.
During Middle East and North Africa and the United Nations Economic and Social Commission United Nations for West Asia brought together blockchain stakeholders in the MENA region to shape a common understanding of the technology’s potential to support countries in climate action, which was followed by the Blockchain4Climate networking event .
Algorand has declared its blockchain to be entirely carbon neutral; Kickstarter is building a crowdfunding platform on the carbon-negative blockchain platform Celo; and SavePlanetEarth is setting up Carbon Credit Smart Certified Non-Fungible Tokens on Phantasma, a green blockchain for developers to build their decentralized applications.
We are seeing a maturation and proliferation of such projects as people innovate for climate action – for example, TreeCoin sells eucalyptus-related token assets and reinvests them in eucalyptus trees in Paraguay.
The ability to include these voluntary market credits in national reporting under the Paris Agreement is also being addressed through initiatives such as Blockchain for Climate and its Bitmo platform and the Open Earth Foundation and its Nested Climate Accounting for the Paris Global Stocktake.
Solstroem focuses on accelerating the energy transition in developing and emerging countries, by providing off-grid, geotagged and timestamped solar micro-carbon credits that individuals or businesses can purchase.
New technologies that drastically reduce manufacturing costs and the mass adoption of mobile phones in developing countries are making it possible to connect solar panels to the blockchain to allow consumers to benefit from distributed generation.
NFTs are increasingly being leveraged to fight climate change, with initiatives ranging from raising awareness to fundraising; moreover, NFTs are used as an immutable record for impact and carbon credits.
GreenApes is rolling out gamification to help people understand their carbon footprint, and we can expect to see more games where people can play to earn money for climate action.
Blockchain technology will be an essential measurement and reporting tool in combination with artificial intelligence and the Internet of Things environmental changes or outcomes to financial incentives/disincentives – e.g.
IAAI GloCha showcased its organization United Citizens for Climate Empowerment Plans during MENA Climate Week, which will be a flagship initiative of COP28.
She has been featured in the Crypto Curry Club’s 101 Women in Blockchain, Decade of Women Collaboratory’s Top 10 Women in the Digital Frontier, Lattice80’s Top 100 Fintech for SDG Influencers, and Lattice80’s Top 50 Global Thought Leaders and Influencers.
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