Participants in the recent MENA Climate Week 2022 looked at how blockchain technology can contribute to green initiatives.

The event is organized by the UAE Ministry of Climate Change and Environment, Dubai Electricity and Water Authority and the World Green Economy Organization, as well as various institutions affiliated with the UN Environment Program and in collaboration with renewable energy groups. work climate with digital innovation.

In one of the sessions, a mixed group of blockchain and climate change experts discussed how blockchain use cases can contribute to a greener future in the Middle East, North Africa and around the world.

The session entitled “Transforming Climate Action Through Digitalization: Blockchain Technologies” featured insights from leading blockchain figures Marwan Al Zarouni from the Dubai Blockchain Center, Jane Thomason from the British Blockchain Association and Frontier Technology, and co-editor of Cointelegraph. Christina Lucrezia Corner.

Panelists at the session “Transforming Climate Action Through Digitalization: Blockchain Technologies” as part of MENA Climate Week.
Climate activist Sami Dimasi from the UN Environment Program joins blockchain figures. Miroslav Polzer of IAAI; Tia Kansara from Earth Renewal; Princess Abzi Jigma of Burkina Faso, who is also a member of the African Union and the European Union Digital Economy Task Force; Masamba Tiwi from the Global Innovation Center under the UN Framework Convention on Climate Change; and youth leader for climate change Ameera El-Harnaki. Everyone shared their vision and knowledge of how to link blockchain to climate change initiatives.

In his opening remarks, Dimassy highlighted several actions that can be taken to “exploit the use of blockchain” to contribute to the fight against climate change. He noted the facilitation of political transformation, bringing technological development to the climate sector and raising awareness and cooperation in society.

Encourage changes in public policy and regulations
Given the myriad of growing climate challenges in today’s world, Dimasi said, government regulations and guidelines need to be strengthened to enable people to embrace digital innovations such as blockchain technology. The UN administrator noted that the blockchain itself is only a neutral technology, and what to do with it is up to the users:

“Blockchain can increase the efficiency and transparency of the fight against climate change, if used properly. Blockchain in itself is neither good nor bad for achieving climate goals. It depends on what we do. ”
He said that the argument for digital transformation is very “convincing” and that solutions such as blockchain can be a great resource to support transformative climate change due to their inherent capabilities.

Apart from Al Dimassy, ​​Al Zarouni also highlighted the efforts of the UAE government to support the introduction of blockchain technology. Al Zarooni referred to the Dubai Blockchain Strategy, a government-sponsored initiative to bring blockchain to the region.

He also mentioned that his institution, the Dubai Blockchain Center, is working to help the UAE ecosystem understand blockchain technology and focus on discussions involving regulators, educators and community members to learn about the technologies behind blockchain. .

Marwan Al Zarouni, CEO of Dubai Blockchain Center, during the Climate Week in the Middle East and North Africa.
Use “technological advances” to combat climate change
Thomason emphasized that technological development is being introduced in the climate sector through ongoing blockchain initiatives. According to Thomson, blockchain technology currently facilitates climate change through green digital asset projects, smart grid management, non-volatile tokens (NFTs) and manipulation, measurement and reporting, and the use of decentralized autonomous organizations to combat climate change.

Source: CoinTelegraph