This report explores blockchain's potential for climate action and sustainability, dispelling misconceptions about its energy consumption. It highlights blockchain's applications in building a circular economy, particularly through supply chain tracking and product tokenization, improving transparency and efficiency. Furthermore, it showcases blockchain's role in carbon credit management, enhancing monitoring, reporting, and verification (MRV) processes. The report also emphasizes blockchain's capacity to promote democratic participation in climate initiatives by empowering communities and improving data transparency for more informed decision-making. Finally, it addresses upcoming policy initiatives and industry efforts towards sustainable blockchain development.

Source: https://www.blockchain4europe.eu/wp-content/uploads/2024/08/An-Overview-of-Blockchain-for-Climate-Action-and-Sustainability-BC4EU-IOTA-April-2023.pdf