Crypto Climate Accord unveiled, commits to 100% renewable blockchains by 2030

Energy Web, RMI, and the Alliance for Innovative Regulation (AIR) have announced the Crypto Climate Accord, an initiative committed to making the cryptocurrency industry 100% renewable by 2030.

The accord is already supported by leading organisations including Consensys, Ripple, EDF, and XRP Ledger, as well as having the backing of the United Nations Framework Convention on Climate Change (UNFCCC).

According to an Energy Web estimate last year, the top five public...

Bitcoin mining in China could threaten climate policies, new study shows

Without appropriate intervention and policy changes, the energy consumption and carbon emissions from Chinese Bitcoin mining will jeopardise the country’s climate goals.

These claims come from a new study carried out by researchers at the University of Chinese Academy of Sciences, Cornell University, Tsinghua University and University of Surrey.

Their research finds that the annual energy consumption of the Bitcoin mining in China is expected to peak in 2024 at 297...

Ethereum 2.0: What it is, why it is here, and what is on the horizon

Feature Ethereum successfully launched its beacon chain at the end of 2020, the first step in the transition from its current system to the highly anticipated Ethereum 2.0. (ETH2). Despite this initial progress, the remaining upgrades required to realise ETH2 are far more complex, with seemingly everyone in the blockchain sphere having a different opinion on whether the benefits outweigh the costs. Predictions as to what will happen to ETH2 post-launch are even less clear. But to attempt to...

UPCO2 becomes first tradable carbon credit token listed on Bittrex Global

Universal Carbon (UPCO2) has become the first environmental crypto commodity to be listed on leading digital asset trading platform Bittrex Global.

UPCO2 is marketed as the world’s first tradable REDD+ carbon credit token and was launched on December 1 2020. As this publication reported last month, crypto broker Uphold noted the concept as one which “democratises access to millennials… 90% [of whom] now cite impact investing as their top strategy with climate change as the...

Featured: The Block’s list of innovative blockchain companies to look out for in 2021

Feature 2021 is going to be an exciting year for blockchain technologies. The launch of Ethereum 2.0, the ongoing volatility of Bitcoin and the intriguing use cases arising from DeFi will continue apace, while enterprise opportunities, from finance, to energy and sustainability, to the wider supply chain, remain.

The Block has selected seven companies to feature for 2021. Read their stories below:

Butterfly Protocol

Butterfly Protocol's goal is to provide a...

SFOX and UPA team up to make UPCO2 carbon credit token globally available

Another project begins to make use of blockchain technology for sustainability: crypto prime broker SFOX and Universal Protocol Alliance (UPA) are coming together to make a carbon credit token globally accessible.

Universal Carbon (UPCO2) is marketed as the world's first tradeable REDD+ (reducing emissions from deforestation and forest degradation in developing countries) carbon credit token. As crypto broker Uphold explained in December, UPCO2 "democratises access to...

Ford says blockchain and ‘dynamic geofencing’ can improve city air quality

A new study from Ford has argued blockchain technologies can help with hybrid electric vehicles for cleaner air in urban centres.

The pan-European research collated more than 400,000 kilometres of data through Ford Transit and Tourneo PHEVs (plug-in hybrid electric vehicles) across three countries.

In Cologne, a municipal fleet trial aimed to show how blockchain can complement geofencing - location-based triggers - to help improve air quality. Through geofencing,...

EDF joins Hyperledger to continue blockchain research for energy sector

Another quarter means another tranche of new Hyperledger members have been announced - with energy company EDF and cybersecurity firm WISeKey the standouts.

In total, 10 companies have joined the foundation, while BSOS and Hitachi have come on board - the former also a member - as Hyperledger certified service providers (HCSPs).

EDF has been putting together several initiatives in the blockchain space. Through its Exaion platform, the company is looking to become the...

KPMG reveals idea for blockchain tool to help measure greenhouse gas emissions

KPMG has announced the launch of a blockchain-based offering intended to help organisations more accurately measure and offset greenhouse gas emissions.

The patent-pending capability, known as Climate Accounting Infrastructure (CAI), will integrate a company's existing systems, including IoT sensors, with external data sources to establish a verifiable data trial of emissions recorded on blockchain.

The professional services firm is working with a variety of partners to...

Ripple: How cryptocurrency can be a viable route to sustainability for financial technology

Since the start of the Covid-19 pandemic, countries under full lockdown have experienced an average 25% decline in energy demand per week. Encouragingly, non-renewable sources of energy like oil and coal declined in usage nearly 20% as curtailment in commercial operations took hold.

However, projections from McKinsey suggest these positive developments could be dismantled by an increase in demand for digital technology - especially digital payments, which are expected to grow by...