Crypto-assets and Climate Change: Understanding the Carbon Footprint and opportunities to dampen it

The report developed by Central bank of Hungry and CFTE, gathering the insights from 14 industry experts at Point Zero Forum helps the industry understand the environmental implications of cryptoassets, the methodology of data collection and measurement, real-world sustainability initiatives and prospective regulatory structures on cryptoassets.

I led the project, working with 3 analysts and 1 director from the Central bank of Hungary and 1 specialist from Crypto Carbon Ratings Institute (CCRI).

With Bitcoin consuming an equivalent amount of energy annually to some countries such as the UAE in 2021, it is time to speak of taming its environmental impact.

Addressing climate change is a critical issue of our era, and leveraging financial innovation is essential in our battle against it. As cryptoassets gaining traction from individuals and institutional players, it’s vital to assess their effects on our environmental objectives.

The power of Web3 is data and it is fundamental to create solutions to a more sustainable crypto assets ecosystem. To solve the issue of sustainability in crypto assets, implementation, regulatory framework, industry alignment and use cases are the keys. Download the report to learn more on the topic.

Learn more about the report I contributed as a researcher.