COP27: Leading Technology Companies Launch “Ethereum Climate Platform” Initiative to Address Ethereum’s Former Proof of Work Carbon Emissions

COP27: Leading Technology Companies Launch “Ethereum Climate Platform” Initiative to Address Ethereum’s Former Proof of Work Carbon Emissions

Partners include a still growing list of prominent stakeholders from the Web3 ecosystems, as well as civil society leaders.
Convened by ConsenSys and climate tech firm Allinfra, this collective will enable and accelerate the funding of projects globally that will contribute toward significant and verifiable greenhouse gas mitigation.
The initiative is designed to build a Platform collaboratively to accelerate climate finance at a scale that will more than redress the Ethereum-based carbon footprint, dating back to the network’s launch in 2015.
This initiative launches two months after the Merge, the largest decarbonization of any industry in history, which eliminated 99.992% of Ethereum’s daily energy needs.
The platform is being built for and by the Ethereum ecosystem but the intention is to serve as a model to the global tech and business community to address their own historic carbon footprint.
SHARM EL-SHEIKH, Egypt–(BUSINESS WIRE)–#AAVE–This afternoon at COP27, the worl

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