How blockchain technology can support the race to net zero | World Economic Forum

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• Developing the capacity to deliver net-zero over the next decade may be the most critical transition that humanity has ever needed to make.

• Blockchain technology could be an essential and effective tool in the move to net-zero, particularly when it comes to the energy sector.

• As environmental, social and economic regulation is brought into place, it is crucial that blockchain companies provide proper reporting on their impacts, and a new World Economic Forum report highlights the challenges and opportunities for achieving this.

..

Developing the capacity to deliver net-zero over the next decade may be the most critical transition that humanity has ever needed to make. Many state that blockchain technology could be an essential and effective tool to improve the energy sector and trace energy intensity. However, we must be as thoughtful about the tools as we are about their potential outputs. Critically, the tools we use to address our net-zero issues should not add to our climate problems, nor can we ignore the unintended consequences of technology.

.

How do you measure the environmental impact of a technology?

.As we have seen recently, it is challenging to balance the overall impacts of a technical solution. Moving bitcoin mining rigs to reduce environmental impact may cause significant social or economic impacts by increasing the costs of electricity for those in nearby areas. All of these externalities are part of the larger climate calculation. And, it’s more important than ever that the crypto and larger innovation community agree to a shared set of measurement standards.

Measurement is critical to enabling technology to contribute to the world’s net-zero goals. Without a solid understanding of the impact a particular technology has, it is unlikely that effective adjustments can be made to improve environmental performance. For any measurement to be helpful across an industry, it must be comparable across different parts of that sector and the methodologies must be clear and transparent. Without these clear and transparent methodologies, we can’t make thoughtful decisions. And without thoughtful decisions, we fail to take action. Or we take actions that have consequences we have not considered as part of the decision-making process. Understanding how to take a unified approach that enables optimisation is critical.

.

Given these imperatives, it is encouraging to see the body of case studies and practical solutions (of which Zumo is one example) already emerging out of the memberships of alliances, such as the World Economic Forum Crypto Sustainability Coalition. They demonstrate the industry’s alertness to such challenges and its willingness to move forwards proactively and at pace. More such action will be required on the path ahead.

.

It’s time to agree standards

One critical aspect required from the crypto community is to agree on a commonly agreed-upon set of standards that enable different protocols to compare their overall environmental impact. Current efforts are primarily heterogeneous and do not allow for the results to be compared with one another. A shared standard will take this nascent industry closer in line with the rest of the ICT industry. The crypto community could contribute deep insights to the ICT industry by illustrating how to measure distributed and decentralised systems, which are becoming a critical part of the broader ICT industry, as well as blockchain solutions. The drive towards net-zero could start meaningful discussions between the ICT and crypto/blockchain communities.

How blockchain technology can support the race to net zero | World Economic Forum

.

• Developing the capacity to deliver net-zero over the next decade may be the most critical transition that humanity has ever needed to make.

• Blockchain technology could be an essential and effective tool in the move to net-zero, particularly when it comes to the energy sector.

• As environmental, social and economic regulation is brought into place, it is crucial that blockchain companies provide proper reporting on their impacts, and a new World Economic Forum report highlights the challenges and opportunities for achieving this.

..

Developing the capacity to deliver net-zero over the next decade may be the most critical transition that humanity has ever needed to make. Many state that blockchain technology could be an essential and effective tool to improve the energy sector and trace energy intensity. However, we must be as thoughtful about the tools as we are about their potential outputs. Critically, the tools we use to address our net-zero issues should not add to our climate problems, nor can we ignore the unintended consequences of technology.

.

How do you measure the environmental impact of a technology?

.As we have seen recently, it is challenging to balance the overall impacts of a technical solution. Moving bitcoin mining rigs to reduce environmental impact may cause significant social or economic impacts by increasing the costs of electricity for those in nearby areas. All of these externalities are part of the larger climate calculation. And, it’s more important than ever that the crypto and larger innovation community agree to a shared set of measurement standards.

Measurement is critical to enabling technology to contribute to the world’s net-zero goals. Without a solid understanding of the impact a particular technology has, it is unlikely that effective adjustments can be made to improve environmental performance. For any measurement to be helpful across an industry, it must be comparable across different parts of that sector and the methodologies must be clear and transparent. Without these clear and transparent methodologies, we can’t make thoughtful decisions. And without thoughtful decisions, we fail to take action. Or we take actions that have consequences we have not considered as part of the decision-making process. Understanding how to take a unified approach that enables optimisation is critical.

.

Given these imperatives, it is encouraging to see the body of case studies and practical solutions (of which Zumo is one example) already emerging out of the memberships of alliances, such as the World Economic Forum Crypto Sustainability Coalition. They demonstrate the industry’s alertness to such challenges and its willingness to move forwards proactively and at pace. More such action will be required on the path ahead.

.

It’s time to agree standards

One critical aspect required from the crypto community is to agree on a commonly agreed-upon set of standards that enable different protocols to compare their overall environmental impact. Current efforts are primarily heterogeneous and do not allow for the results to be compared with one another. A shared standard will take this nascent industry closer in line with the rest of the ICT industry. The crypto community could contribute deep insights to the ICT industry by illustrating how to measure distributed and decentralised systems, which are becoming a critical part of the broader ICT industry, as well as blockchain solutions. The drive towards net-zero could start meaningful discussions between the ICT and crypto/blockchain communities.

Sustainable Business Model Canvas

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.

Download the Tutorial

 

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.

.

.

Sustainable business models:

1. Definition of sustainability: Sustainability refers to the ability of an organization to operate in a way that minimizes its negative impact on the environment, while also meeting the needs of the present and future generations.

2. Business case for sustainability: There is a growing business case for sustainability, as consumers and investors increasingly demand environmentally and socially responsible products and services.

3. Triple bottom line: The triple bottom line is a framework that considers the social, environmental, and financial impacts of an organization’s activities. A sustainable business model should strive to create value across all three dimensions.

4. Sustainable business models: Sustainable business models are designed to create long-term value for all stakeholders, including shareholders, employees, customers, and the environment. Examples of sustainable business models include circular economy models, green supply chain models, and socially responsible investing models.

5. Sustainable product design: Sustainable product design involves considering the environmental impact of a product throughout its entire life cycle, from raw material extraction to disposal. This can involve using sustainable materials, designing products for recyclability, and reducing packaging waste.

6. Sustainable supply chains: A sustainable supply chain involves ensuring that all suppliers and partners in the supply chain operate in a socially and environmentally responsible manner. This can involve implementing sustainable sourcing policies, reducing waste and emissions in transportation and logistics, and ensuring fair labor practices.

7. Reporting and transparency: Sustainable businesses should be transparent about their sustainability practices and report on their environmental and social impacts. This can involve publishing sustainability reports, participating in sustainability certifications and standards, and engaging with stakeholders to gather feedback.

8. Sustainable finance: Sustainable finance involves integrating environmental, social, and governance (ESG) factors into investment decisions. Sustainable finance can be used to drive positive environmental and social outcomes, while also generating financial returns.

9. Collaborative action: Addressing sustainability challenges requires collaboration across different stakeholders, including governments, businesses, civil society organizations, and consumers. Sustainable businesses should seek to engage with these stakeholders and collaborate on sustainability initiatives.

10. Continuous improvement: Sustainable business models should be designed for continuous improvement, with a focus on reducing environmental impact, improving social outcomes, and creating value for all stakeholders over the long term.

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Join the Movement for a Sustainable Future!

.

We are living in a critical moment where the fate of our planet hangs in the balance. The urgent need to combat climate change and accelerate the transition to a sustainable future has never been more evident. As a green economy expert, we invite you to join us in making a real difference by supporting our fundraising campaign for climate change and the ecological transition for companies.

Climate change is a global challenge that affects us all. It threatens the delicate balance of our ecosystems, endangers biodiversity, and jeopardizes the well-being of future generations. The time to act is now, and we firmly believe that businesses play a crucial role in driving positive change.

.

Through this campaign, we aim to raise funds to empower companies to embrace sustainability practices and transition towards greener, more environmentally responsible operations. Our goal is to provide crucial resources, knowledge, and guidance to these companies, enabling them to reduce their carbon footprint, adopt renewable energy sources, implement sustainable supply chains, and develop innovative solutions that mitigate climate impact.

By supporting this campaign, you become an advocate for a greener economy, one that values both profitability and sustainability. Your contribution will directly impact the success of climate-focused initiatives, driving systemic change within the business community. Together, we can create a future where economic growth and environmental preservation go hand in hand.

.

Your generosity will help us achieve the following:

1. Provide education and training programs: We will develop comprehensive training modules and workshops, equipping companies with the tools and knowledge needed to transition to sustainable practices.

2. Foster innovation and research: Your donation will support research initiatives that explore innovative technologies and solutions for reducing carbon emissions and promoting sustainable business models.

3. Enable access to financing: Many companies face financial barriers when attempting to implement sustainable practices. Your contribution will establish a fund to provide financial support and incentives for companies to adopt environmentally friendly strategies.

4. Advocate for policy change: We will work tirelessly to influence policymakers, advocating for stronger regulations and incentives that encourage companies to prioritize sustainability and align their operations with the global climate goals.

.

We cannot achieve our vision alone; we need your support.

Together, we can make a lasting impact and pave the way for a more sustainable and resilient future.

Your contribution, no matter the size, will contribute to building a better world for generations to come.

.

Join us in the fight against climate change! Together, we can create a greener economy that benefits both businesses and the environment.

.

GoFundMe: Donate today and be a part of this transformative journey

.

With gratitude and hope,

.

pgf500 Team

.

—

The ecological transition, also known as the sustainability transition or green transition, refers to the shift towards a more sustainable and environmentally friendly economy.

It involves adopting practices and technologies that reduce the negative impact on the environment, conserve resources, and promote social responsibility.

.

The ecological transition is crucial for several reasons:

1. Environmental Preservation: The transition is essential for addressing pressing environmental issues such as climate change, deforestation, pollution, and depletion of natural resources. By reducing greenhouse gas emissions, promoting renewable energy, and implementing sustainable practices, we can mitigate the environmental damage and preserve the planet for future generations.

2. Regulatory Framework: Governments worldwide are implementing stricter regulations and policies to encourage sustainable practices and combat environmental degradation. Businesses that fail to comply with these regulations may face penalties, fines, or even legal action. Embracing the ecological transition allows SMEs to stay ahead of regulatory changes and minimize risks associated with non-compliance.

3. Consumer Demand: Consumers are increasingly becoming environmentally conscious and favoring businesses that demonstrate a commitment to sustainability. SMEs that proactively embrace the ecological transition can tap into a growing market of environmentally conscious consumers, gain a competitive advantage, and enhance their brand reputation.

4. Cost Savings: Transitioning to sustainable practices often leads to long-term cost savings. For example, adopting energy-efficient technologies, reducing waste, and optimizing resource consumption can lower operational costs. Additionally, businesses that embrace sustainability may qualify for incentives, grants, or tax benefits provided by governments or sustainable initiatives.

5. Innovation and Market Opportunities: The ecological transition stimulates innovation as businesses seek new ways to reduce their environmental impact. It opens up opportunities for SMEs to develop and provide sustainable products, services, and solutions. Moreover, the transition creates new markets, partnerships, and collaborations among businesses aiming to address sustainability challenges collectively.

6. Risk Mitigation: Businesses that rely heavily on scarce resources or operate in industries vulnerable to climate change-related risks face significant challenges in the long run. By proactively adopting sustainable practices, SMEs can diversify their supply chains, reduce exposure to resource scarcity, and strengthen their resilience to environmental risks.

.

Seizing the time for SMEs is crucial because:

1. Adaptation Period: Transitioning to sustainable practices often requires adjustments in operations, processes, and business models. Implementing these changes takes time, and SMEs need to start early to adapt smoothly. Waiting too long can result in rushed and inefficient transitions, leading to higher costs, operational disruptions, and missed opportunities.

2. Competitive Advantage: By embracing the ecological transition early on, SMEs can gain a competitive edge over rivals. They can differentiate themselves in the market, build a reputation as environmentally responsible businesses, and attract environmentally conscious customers who are increasingly seeking sustainable products and services.

3. Access to Funding and Support: Governments, financial institutions, and various organizations provide funding, grants, and support programs to businesses transitioning to sustainability. However, the availability of these resources may diminish as more businesses seek assistance. Acting early allows SMEs to access a broader range of resources and support, increasing their chances of securing funding and leveraging opportunities.

4. Reputation Building: Building a positive brand image as an environmentally responsible business takes time and consistency. By initiating the ecological transition early, SMEs can establish themselves as sustainability leaders, which enhances their reputation, strengthens customer loyalty, and fosters trust among stakeholders.

5. Learning Curve and Experience: The transition to sustainability requires learning, experimentation, and adaptation. By starting early, SMEs can gain valuable experience, understand the challenges and opportunities, and fine-tune their strategies. This positions them as leaders and experts in sustainable practices, enabling them to guide and mentor others in the future.

.

In conclusion, the ecological transition is a crucial step towards creating a sustainable and resilient economy. SMEs have a unique opportunity to embrace this transition early, allowing them to reap numerous benefits.

By proactively adopting sustainable practices, SMEs can address environmental challenges, comply with regulations, tap into a growing market of environmentally conscious consumers, achieve cost savings, foster innovation, and mitigate risks.

Seizing the time is essential because it allows SMEs to adapt smoothly, gain a competitive advantage, access funding and support, build a positive brand image, and acquire valuable experience.

.

By taking action early, SMEs can position themselves as sustainability leaders and contribute to a greener future while securing their long-term success.

.

Sustainable Business Model Canvas

.

.

Download the Tutorial

 

.

.

.

.

Sustainable business models:

1. Definition of sustainability: Sustainability refers to the ability of an organization to operate in a way that minimizes its negative impact on the environment, while also meeting the needs of the present and future generations.

2. Business case for sustainability: There is a growing business case for sustainability, as consumers and investors increasingly demand environmentally and socially responsible products and services.

3. Triple bottom line: The triple bottom line is a framework that considers the social, environmental, and financial impacts of an organization’s activities. A sustainable business model should strive to create value across all three dimensions.

4. Sustainable business models: Sustainable business models are designed to create long-term value for all stakeholders, including shareholders, employees, customers, and the environment. Examples of sustainable business models include circular economy models, green supply chain models, and socially responsible investing models.

5. Sustainable product design: Sustainable product design involves considering the environmental impact of a product throughout its entire life cycle, from raw material extraction to disposal. This can involve using sustainable materials, designing products for recyclability, and reducing packaging waste.

6. Sustainable supply chains: A sustainable supply chain involves ensuring that all suppliers and partners in the supply chain operate in a socially and environmentally responsible manner. This can involve implementing sustainable sourcing policies, reducing waste and emissions in transportation and logistics, and ensuring fair labor practices.

7. Reporting and transparency: Sustainable businesses should be transparent about their sustainability practices and report on their environmental and social impacts. This can involve publishing sustainability reports, participating in sustainability certifications and standards, and engaging with stakeholders to gather feedback.

8. Sustainable finance: Sustainable finance involves integrating environmental, social, and governance (ESG) factors into investment decisions. Sustainable finance can be used to drive positive environmental and social outcomes, while also generating financial returns.

9. Collaborative action: Addressing sustainability challenges requires collaboration across different stakeholders, including governments, businesses, civil society organizations, and consumers. Sustainable businesses should seek to engage with these stakeholders and collaborate on sustainability initiatives.

10. Continuous improvement: Sustainable business models should be designed for continuous improvement, with a focus on reducing environmental impact, improving social outcomes, and creating value for all stakeholders over the long term.

.

—-

Climate Reanalyzer provides visualizations of existing publicly-available datasets and models.

.

This website is produced by the Climate Change Institute at the University of Maine
.

.

Climate Reanalyzer

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—

Sustainable Business Model Canvas

.

.

Download the Tutorial

 

.

.

.

.

Sustainable business models:

1. Definition of sustainability: Sustainability refers to the ability of an organization to operate in a way that minimizes its negative impact on the environment, while also meeting the needs of the present and future generations.

2. Business case for sustainability: There is a growing business case for sustainability, as consumers and investors increasingly demand environmentally and socially responsible products and services.

3. Triple bottom line: The triple bottom line is a framework that considers the social, environmental, and financial impacts of an organization’s activities. A sustainable business model should strive to create value across all three dimensions.

4. Sustainable business models: Sustainable business models are designed to create long-term value for all stakeholders, including shareholders, employees, customers, and the environment. Examples of sustainable business models include circular economy models, green supply chain models, and socially responsible investing models.

5. Sustainable product design: Sustainable product design involves considering the environmental impact of a product throughout its entire life cycle, from raw material extraction to disposal. This can involve using sustainable materials, designing products for recyclability, and reducing packaging waste.

6. Sustainable supply chains: A sustainable supply chain involves ensuring that all suppliers and partners in the supply chain operate in a socially and environmentally responsible manner. This can involve implementing sustainable sourcing policies, reducing waste and emissions in transportation and logistics, and ensuring fair labor practices.

7. Reporting and transparency: Sustainable businesses should be transparent about their sustainability practices and report on their environmental and social impacts. This can involve publishing sustainability reports, participating in sustainability certifications and standards, and engaging with stakeholders to gather feedback.

8. Sustainable finance: Sustainable finance involves integrating environmental, social, and governance (ESG) factors into investment decisions. Sustainable finance can be used to drive positive environmental and social outcomes, while also generating financial returns.

9. Collaborative action: Addressing sustainability challenges requires collaboration across different stakeholders, including governments, businesses, civil society organizations, and consumers. Sustainable businesses should seek to engage with these stakeholders and collaborate on sustainability initiatives.

10. Continuous improvement: Sustainable business models should be designed for continuous improvement, with a focus on reducing environmental impact, improving social outcomes, and creating value for all stakeholders over the long term.

.

—-

Join the Movement for a Sustainable Future!

.

We are living in a critical moment where the fate of our planet hangs in the balance. The urgent need to combat climate change and accelerate the transition to a sustainable future has never been more evident. As a green economy expert, we invite you to join us in making a real difference by supporting our fundraising campaign for climate change and the ecological transition for companies.

Climate change is a global challenge that affects us all. It threatens the delicate balance of our ecosystems, endangers biodiversity, and jeopardizes the well-being of future generations. The time to act is now, and we firmly believe that businesses play a crucial role in driving positive change.

.

Through this campaign, we aim to raise funds to empower companies to embrace sustainability practices and transition towards greener, more environmentally responsible operations. Our goal is to provide crucial resources, knowledge, and guidance to these companies, enabling them to reduce their carbon footprint, adopt renewable energy sources, implement sustainable supply chains, and develop innovative solutions that mitigate climate impact.

By supporting this campaign, you become an advocate for a greener economy, one that values both profitability and sustainability. Your contribution will directly impact the success of climate-focused initiatives, driving systemic change within the business community. Together, we can create a future where economic growth and environmental preservation go hand in hand.

.

Your generosity will help us achieve the following:

1. Provide education and training programs: We will develop comprehensive training modules and workshops, equipping companies with the tools and knowledge needed to transition to sustainable practices.

2. Foster innovation and research: Your donation will support research initiatives that explore innovative technologies and solutions for reducing carbon emissions and promoting sustainable business models.

3. Enable access to financing: Many companies face financial barriers when attempting to implement sustainable practices. Your contribution will establish a fund to provide financial support and incentives for companies to adopt environmentally friendly strategies.

4. Advocate for policy change: We will work tirelessly to influence policymakers, advocating for stronger regulations and incentives that encourage companies to prioritize sustainability and align their operations with the global climate goals.

.

We cannot achieve our vision alone; we need your support.

Together, we can make a lasting impact and pave the way for a more sustainable and resilient future.

Your contribution, no matter the size, will contribute to building a better world for generations to come.

.

Join us in the fight against climate change! Together, we can create a greener economy that benefits both businesses and the environment.

.

GoFundMe: Donate today and be a part of this transformative journey

.

With gratitude and hope,

.

pgf500 Team

The ecological transition, also known as the sustainability transition or green transition, refers to the shift towards a more sustainable and environmentally friendly economy. It involves adopting practices and technologies that reduce the negative impact on the environment, conserve resources, and promote social responsibility.

.

The ecological transition is crucial for several reasons:

Environmental Preservation: The transition is essential for addressing pressing environmental issues such as climate change, deforestation, pollution, and depletion of natural resources. By reducing greenhouse gas emissions, promoting renewable energy, and implementing sustainable practices, we can mitigate the environmental damage and preserve the planet for future generations.

Regulatory Framework: Governments worldwide are implementing stricter regulations and policies to encourage sustainable practices and combat environmental degradation. Businesses that fail to comply with these regulations may face penalties, fines, or even legal action. Embracing the ecological transition allows SMEs to stay ahead of regulatory changes and minimize risks associated with non-compliance.

Consumer Demand: Consumers are increasingly becoming environmentally conscious and favoring businesses that demonstrate a commitment to sustainability. SMEs that proactively embrace the ecological transition can tap into a growing market of environmentally conscious consumers, gain a competitive advantage, and enhance their brand reputation.

Cost Savings: Transitioning to sustainable practices often leads to long-term cost savings. For example, adopting energy-efficient technologies, reducing waste, and optimizing resource consumption can lower operational costs. Additionally, businesses that embrace sustainability may qualify for incentives, grants, or tax benefits provided by governments or sustainable initiatives.

Innovation and Market Opportunities: The ecological transition stimulates innovation as businesses seek new ways to reduce their environmental impact. It opens up opportunities for SMEs to develop and provide sustainable products, services, and solutions. Moreover, the transition creates new markets, partnerships, and collaborations among businesses aiming to address sustainability challenges collectively.

Risk Mitigation: Businesses that rely heavily on scarce resources or operate in industries vulnerable to climate change-related risks face significant challenges in the long run. By proactively adopting sustainable practices, SMEs can diversify their supply chains, reduce exposure to resource scarcity, and strengthen their resilience to environmental risks.

.

Seizing the time for SMEs is crucial because:

1. Adaptation Period: Transitioning to sustainable practices often requires adjustments in operations, processes, and business models. Implementing these changes takes time, and SMEs need to start early to adapt smoothly. Waiting too long can result in rushed and inefficient transitions, leading to higher costs, operational disruptions, and missed opportunities.

2. Competitive Advantage: By embracing the ecological transition early on, SMEs can gain a competitive edge over rivals. They can differentiate themselves in the market, build a reputation as environmentally responsible businesses, and attract environmentally conscious customers who are increasingly seeking sustainable products and services.

3. Access to Funding and Support: Governments, financial institutions, and various organizations provide funding, grants, and support programs to businesses transitioning to sustainability. However, the availability of these resources may diminish as more businesses seek assistance. Acting early allows SMEs to access a broader range of resources and support, increasing their chances of securing funding and leveraging opportunities.

4. Reputation Building: Building a positive brand image as an environmentally responsible business takes time and consistency. By initiating the ecological transition early, SMEs can establish themselves as sustainability leaders, which enhances their reputation, strengthens customer loyalty, and fosters trust among stakeholders.

5. Learning Curve and Experience: The transition to sustainability requires learning, experimentation, and adaptation. By starting early, SMEs can gain valuable experience, understand the challenges and opportunities, and fine-tune their strategies. This positions them as leaders and experts in sustainable practices, enabling them to guide and mentor others in the future.

.

In conclusion, the ecological transition is a crucial step towards creating a sustainable and resilient economy. SMEs have a unique opportunity to embrace this transition early, allowing them to reap numerous benefits. By proactively adopting sustainable practices,

SMEs can address environmental challenges, comply with regulations, tap into a growing market of environmentally conscious consumers, achieve cost savings, foster innovation, and mitigate risks. Seizing the time is essential because it allows SMEs to adapt smoothly, gain a competitive advantage, access funding and support, build a positive brand image, and acquire valuable experience.

By taking action early, SMEs can position themselves as sustainability leaders and contribute to a greener future while securing their long-term success.

.

It’s important to note that the choice of approach depends on the company’s specific context, industry, and resources.

.

Companies may also progress through these phases gradually, starting with assimilation, then mobilization, and eventually transitioning to a more sustainable business model.

.

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