Blockchain

Climate Chain Coalition advocates for the creation of a green economy at COP26

A number of representative and delegates supporting the Climate Chain Coalition group spoke at a dedicated panel on Tuesday at COP26.

Delegate representatives from the Climate Chain Coalition spoke at the United Nations Climate Change Conference, also known as COP26, in Glasgow, Scotland on Tuesday.

The Climate Chain Coalition, or CCC, is a global environmental initiative consisting of 250 member organizations and individuals aligned to utilize blockchain, distributed ledger, or DLT, and other promising digital technology solutions to foster the growth of a climate-focused economy.

Hosted by CCC strategic director Miroslav Polzer, the panel of expert representatives, including Denby McDonnell, Tia Kansara and Cointelegraph editor-in-chief, Kristina Cornèr, among others, spoke unequivocally about the importance of subjects ranging from carbon nonfungible tokens (NFTs) to accountability in corporate practices. 

Programme manager at the Blockchain For Climate Foundation Denby McDonnell spoke on the panel about her organization’s endeavor to place the Paris Climate Agreement on the blockchain, specifically mentioning article 6.2, as well as discussing the recent launch of a new crypto-carbon platform, BITMO.

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Assessing growth over the prior few years, as well as defined targets that governments have publicly expressed, the index outlined the United States, Canada, Russia, Algeria and Australia as just some of the more geographically prominent nations worthy of red scoring, the latter of which being the world’s largest supplier of coal.

A stark admission was within the ‘Very High’ scoring category which lay empty, despite Denmark, Sweden and Norway securing the top three spots.

Of the major industrialized nations, China moved up to 37th as a result of commended advancements in the renewable energy space, while the United States placed further down the rankings in 55th, one position above the Russian Federation.

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Co-author of the index Jan Burck shared his opinion of how readers and interpreters of the report should assess the findings:

“As in the year before, we don’t see any country with a perfect record. Even the countries in the front are not doing good enough for being on track for well below 2 degrees.”

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