Launched in April 2021, the Crypto Climate Accord is an open-source environmental initiative comprising organizations from the cryptocurrency, blockchain, technology and energy sectors, unified by a collective ambition to pursue environmental sustainability within the digital asset space.
Launched by the nonprofits Energy Web Foundation, the Rocky Mountain Institute and the Alliance for Innovative Regulation, the group’s partners include high-profile firms in the crypto space such as blockchain-based payments company Ripple, Canadian mining firm Hut 8, digital asset investment firm CoinShares, Ethereum software company ConsenSys and others.
The Climate Chain Coalition is an environmental consortium with a collective vision to utilize emerging technologies such as blockchain, distributed ledger and Internet of Things to advance the mobilization of financial architecture toward a sustainable and green-powered global economy.
The Climate Chain Coalition was established in December 2017 at the One Planet Summit in Paris by 12 organizations, and now has in excess of 270 members from 50 countries across the world.
The organization has established nine distinctive principles across various phases of progression, from research and networking to building and governance, right through to demonstrations and pilot projects.
The principles cover a broad spectrum of objectives, including adhering to the Paris Climate goals, establishing standard protocols and methods for DLT applications, as well as transparency in the usage of energy consumption and emissions resulting from such technologies.
During 2021, both organizations continued recruiting members and showcased their achievements and future vision to a global audience at various events, including the COP26 summit in Glasgow in November.
Following its launch in April, the members of the Crypto Climate Accord established their objective to “achieve net-zero emissions from electricity consumption for CCA Signatories by 2030,” as well as to “develop standards, tools and technologies with CCA Supporters to accelerate the adoption of, and verify progress toward, 100% renewably powered blockchains by the 2025 UNFCCC COP30 conference.”
Climate Chain Coalition has been advocating for the development of a green economy through different projects. Thus, for example, the Climate Chain Coalition partnered with GloCha and the U.N.’s Habitat Youth Programme, among others, to collaborate with youth climate groups to construct the technological and institutional infrastructure required to meet the U.N.’s SDGs through impact-oriented entrepreneurship models.
The Climate Chain Coalition will strive to progress upon its objectives over the forthcoming year, cultivating a public consensus that climate action is imperative for the future of the economy, especially in the crypto sphere. Thus, the Climate Chain Coalition is planning its activities in the frame of the upcoming COP27 in Egypt, where its members will be pushing the agenda of blockchain for climate and green blockchains.
Equally, the Crypto Climate Accord will seek to implement the early stages of its roadmap throughout the coming year, deploying its first suite of publicly accessible tools, standards and services with the assistance of its members.
Environment
