Celo CEO Discusses Web3's Role in Tackling Climate Change and Advantages of Blockchain-based Carbon Offsets
Summary:
Web3 ecosystem can do more to tackle climate change despite the shift to proof-of-stake (PoS) consensus. Celo CEO highlights the need for carbon neutrality and discusses the positive impact of blockchain-based systems for carbon offsets. The article emphasizes the progress made in changing the narrative around blockchain's environmental impact and highlights various ways projects can offset their carbon footprint. Transparency and verification advantages of on-chain carbon offset systems are also highlighted.
Moving towards proof-of-stake (PoS) helps change the perception that blockchains harm the environment, but there are still more steps the Web3 ecosystem can take to address climate change, according to Celo CEO Marek Olszewski. In an interview with Cointelegraph, Olszewski discussed the threat of climate change, the benefits of blockchain for carbon offsets, and ways projects can offset their carbon footprint. He emphasized the need for companies and projects to aim for carbon neutrality, as climate change remains a systemic threat to humanity. Olszewski believes the Web3 ecosystem has made significant progress in changing the narrative around blockchain's environmental impact, citing the Ethereum Merge and initiatives to offset carbon footprints. He believes these efforts attract more people to the space and encourage innovation within the regenerative finance ecosystem. Olszewski also highlighted the transparency and verification advantages of using blockchain for on-chain carbon offset systems. He mentioned restoring habitats, direct air capture sequestration, and the use of biochar as alternative methods for carbon offsetting.
Published At
9/14/2023 11:20:29 AM
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