Putting carbon credits on blockchain won’t solve the problem alone: Davos

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Putting carbon credits on the blockchain is a step in the right direction but not the end-all solution to climate change, says blockchain executives during a panel in Davos.

Simply trading carbon credits, on the blockchain or otherwise, won’t solve a lot for the environment as companies must understand why they’re using them and how to make a real impact, carbon blockchain executives argue.

Karen Zapata, the COO of carbon blockchain platform ClimateTrade, said that sustainability had been a “trending topic” with many companies keen to get involved, but said that many still don’t understand it. Carbon marketplace Tolam Earth CEO Matthew Porter added to the conversation saying that carbon trading by itself “doesn’t solve a lot,” without knowing why they are doing it and creating “incentives and drivers.”There has been no shortage of carbon credit developments in the blockchain space in recent times., a protocol labs initiative designed to reduce the environmental impact of its native cryptocurrency Filecoin in Oct. 2022.

 

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No to carbon credits and social credits. 🚫🙅‍♂️👎

Carbon credits are a scam and should not have anything to do with the blockchain.

KristinaLCorner Why are blockchain groups even at Davis, the WEF stands for everything that Bitcoin was created to remedy. The WEF is the very antithesis of the heart of crypto and decentralization.

🔋⚡️ $EWT energywebx CryptoSustainabilityCoalition

Using Carbon credits and laws to keep polluting and stealing working class money should not be advertised, real change will not be achieved with fake actions. Good in theory but abused in the wild. (Fix your emissions and fix nature)

The direction of tyranny? us one of them.

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