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

- 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:— This afternoon at COP27, the world’s largest gathering on climate action, a group of Web3 companies convened by ConsenSys and Allinfra, joined civil society leaders and the UNFCCC Climate Innovation Hub, to announce the creation of the Ethereum Climate Platform (ECP). Its mission is to incentivize and fund the development of real-world projects that will mitigate greenhouse gas emissions and deliver positive environmental and social impact long into the future. Founding members of the Platform launch team