Ethereum Climate Platform launched at COP27
A recently launched Ethereum Climate Platform aims to offset Ethereum’s historic carbon footprint by incentivising and funding green projects to combat climate change.
Ethereum (ETH) software company ConsenSys, along with other leading tech and Web3 companies and civil society groups, co-launched the Ethereum Climate Platform (ECP) at COP27, in Egypt. The initiative aims to ‘redress and counteract’ the carbon footprint produced by ETH since its inception in 2015. It will fund science-based climate projects to mitigate carbon emissions and promote positive socioeconomic impacts in the long term.
The platform is expected to serve as a model for other companies around the world as a way to compensate their past emissions and tackle climate change.