Can Blockchain Tech Help Improve the Carbon Credit Market? | WSJ Tech News Briefing
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- Опубліковано 30 тра 2024
- The market for carbon credits has some big problems. The certificates that allow companies and governments to offset their emissions have been shown in some cases to be unreliable.
Crypto enthusiasts think using the same blockchain tech that makes digital currencies traceable could be the solution. But are startups like Moss Earth addressing the most pressing issues?
The Wall Street Journal’s Zoe Thomas hosts this special episode of WSJ Tech News Briefing looking into new climate technologies.
Photo: Kevin Frayer/Getty Images
Tech News Briefing
WSJ’s tech podcast featuring breaking news, scoops and tips on tech innovations and policy debates, plus exclusive interviews with movers and shakers in the industry.
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One issue with vechain and other proposed Blockchain implementations is that they assume the same price for credits across all types of projects when in reality prices vary greatly among low and high quality projects.
Carbon credits are just for companies to make themselves look more environmentally friendly than they actually are. So, who cares how they are traded? If a company wants to donate money to a cause, go ahead. But, counting and trading carbon credits is stupid.
Carbon trading in Europe is already a scam - that just makes it worse.
"Trust" and crypto don't go together.
That's hilarious on so many levels
Money laundering that's why they don't want an actual traceable ledger 🤣🤣🤣 #endtodarkmoney
To the point of some of the comments in the thread - it would have been helpful to interview an expert on crypto and blockchain sustainability apart from carbon credits, I don't think Dieter is as up to speed on Web3 as perhaps he should be.
Mad educational thanks
I hope there is an update from Verra. Thanks for the value❤
Chia launched with world bank carbon credits . How come it’s not mentioned here ?
Great tough questions
When the carbon credit retires that means it should not be traded at all that means they do not have any value. How does blockchain tokens derive value from such retired carbon credits?
So... instead of "retiring" the flawed system itself, we'd better put another superficial money dump layer. And who will exactly issue the tokens?
Good morning Zoe🙏
Ethereum uses negligible energy. Something to note for the last part of the convo.
Wait until you get into additionally.
Talking about block chain, 10milion dollar,
WSJ: Why should these carbon credits be put on a blockchain?
Crypto CEO:
Yes
18:24
ADA can
Let me save y'all some time. It's Hedera HBAR.
Who in their right mind would claim a credit if they weren’t a company that were actually producing emissions. The first guy has no clue what he’s talking about
😀😜
Seriously!?! You talk about carbon credit on blockchain, and you don't mention Vechain once!?!
That's like talking about fast food burgers and forgetting McDonalds exists!
Their carbon credit division is called VeCarbon.
Also, they would have had a totally different answer about your verification, decentralisation, and enterprise usage since they use a proof of authority system and are audited by such companies as DNV and PwC. Unlike your guests, they actually do have existing carbon credits on the blockchain used by enterprise.
Nope
Really like this format of video!
- context for a specialist journalist
- Zoes summary
- interview with very thorough questions to a CEO. But not adversarial
- follow up with journalist
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Blockchain will help to improve carbon credit. Carbon credit's just one of the climate change. How blockchain can improve carbon credit just buy crypto, blockchain tech and then suddenly, climate will change. It's so amazing if real fact
Based on COP27 Summit in Egypt said that there was no solution to climate change without reversing nature loss, the business include carbon credits. The better decision is to decrease humans activities about nature and forest