Marek Olszewski predicts that every project and company in the next ten years will move to be carbon neutral.
While moving to proof-of-stake contributes to changing the narrative of blockchains being harmful to the environment, there are still many things that the Web3 ecosystem can do to tackle climate change, according to Marek Olszewski, the CEO of Celo, an Ethereum layer-2 scaling solution.
According to Olszewski, as climate change remains a threat to humanity, companies and projects are steering towards becoming carbon neutral. He said: The Celo executive believes that the broader Web3 ecosystem has been making “really good strides” in terms of being able to change the narrative around blockchain’s impact on the environment. Last year, the community, the blockchain’s shift from the energy-intensive proof-of-work consensus to the more environmentally friendly proof-of-state mechanism.
“At the very least, I think we've started to shift the narrative, which I think is both really good for the crypto industry because I think it pulls more people in [...] and it's created a safe space to innovate within the ReFi ecosystem,” Olszewski said.Apart from these, the executive also mentioned some benefits of having an on-chain carbon offset system compared to traditional methods. Olszewski said that traditional carbon credit systems are plagued by a lack of transparency.
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