Meaningful progress on the increasingly high-profile decarbonization challenge in the crypto sector will be achieved only through collaboration, collective action, and open, objective dialogue.
To achieve decarbonization, cryptocurrency has fundamental advantages in terms of data transparency and defined inputs, but it needs to focus on becoming credible to the public and demonstrating its utility.
Consciousness and cooperation are increasingly needed in the decarbonization process in the cryptocurrency sector. Inter-sectoral initiatives will be crucial and must include all participants in the ecosystem - miners, platforms, cryptocurrency holders and investors. The Greening of cryptocurrency aligns naturally with market incentives and the advancement of space. Environmental, Social, and Governance (ESG) will feature prominently in the next stage of crypto’s evolution.
In this live training, you will learn how through collaboration and action to decarbonize the cryptocurrency sector, cryptocurrencies have the potential to transform energy demand into renewable energy demand, driving the growth of the global renewable energy market.
Contextualizing the issue, presenting the current status quo of the blockchain, cryptocurrencies and their interplay with mankind’s fight against climate change and based on input from a wide range of experts working on the issue, this training provides extensive insights, materials and perspectives to facilitate a more open and transparent discussion on the decarbonization of the cryptocurrency sector.
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Who should join
The online course is dedicated to all interested in learning more about cryptocurrency and its role in decarbonizing global energy consumption. Prior knowledge about blockchain and digital currencies is not required.
Session 1, 3h
Assessing the environmental impact of cryptocurrencies, defining the problem
- Why Cryptocurrencies?
- Quantifying environmental impact: approaches and methodology
- Carbon footprint vs. electricity usage
- Approaches to compensating for electricity usage vs. carbon footprint
- Transactions vs. mining
Session 2, 3h
Cryptocurrency industry decarbonization
- Cryptocurrency energy consumption benchmarks
- Cryptocurrency carbon footprint contrasted against the carbon footprint of the global cash and card systems
- Hidden environmental cost
The agenda will combine presented materials with plenty of opportunities for Q&A, interactive discussions, and the use of quantitative models to illustrate key learning points. Current market examples and data are utilized wherever helpful.