Crypto & Carbon
July 13, 2022
The intersection of Counterpoint Global’s focus on disruptive technologies and Sustainability Research has resulted in the insight that recent Blockchain technologies have an opportunity to play a role in decarbonizing the global economy.
While the market is currently focused on the near-term emissions from the energy intensive mining practices of cryptocurrencies like Bitcoin, our research helps us understand the potential energy efficiency improvements from emerging technologies like proof of stake. In addition to better contextualizing the risks, our research has highlighted how Blockchain technologies have unique capabilities that can enable an interoperable marketplace for voluntary carbon offsets. The creation of a global marketplace to enable price discovery for varying offset quality is an essential tool to use market forces to decarbonize society.
Click on the PDF to learn about how technology could catalyze a sizable market opportunity and global decarbonization.