ECOLOGICAL FACTORS
Debunking false claims
This multi-featured utility has the potential to accelerate the achievement of countries'
climate goals by decarbonizing unreliable electricity networks, optimizing economic incentives
for everyone, not just the wealthy few. However, it is not a solution. The volume of false
information that masks production in this field, however, poses an obvious obstacle to
converting the current discussion on cryptocurrency's energy usage into a narrative focused on
finding solutions.
Crypto Sustainability in action
By design, cryptocurrency mining may make use of the excess that would otherwise go
wasted. Overall, this encourages the development of additional solar and wind power, hastening
the phase-out of fossil fuel use. Given that 66% of the basic energy used to generate electricity
is lost before it reaches customers, this is especially helpful.
Companies like Lancium and HIVE Blockchain have developed into a dependable source of
income when public energy consumption is low and can turn off during peak hours when public
energy demand is high. These businesses have benefited local electricity networks. Flexible
demand will be essential for maintaining the electrical grid system's stability, cutting grid carbon
emissions, and accelerating the growth of renewable energy as grids move toward incorporating
higher levels of intermittent renewable resources.
Ecosystem centricity
New crypto industry leaders are redefining what impact might look like and are
approaching climate sustainability from both a human and a nature-centric design perspective.
MOSS, which is committed to the protection of the Amazon rainforest, is one of the significant
instances worth mentioning in this vast and evolving field. With its BITMO platform on the
Ethereum blockchain, Blockchain for Climate addresses the execution of Article 6 of the Paris
Climate Agreement and encourages certificate trading at the state level. Another intriguing
illustration is OASA, which is a decentralized autonomous organization-controlled (DAO)
environment for people and the natural world. One regenerative town at a time, it seeks to
transform ownership into stewardship.
Reference
https://www.weforum.org/agenda/2022/06/cryptosustainability/?fbclid=IwAR0NqcyQ2XtOXHugsLOU3XpJeSloS9vepLEI9gwNO4MUXwJjd3etrH
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