Web3 ecosystem made 'good strides' in changing climate narrative, exec says
Celo CEO Marek Olszewski said that blockchains can provide transparency and real-time verification on the state of carbon credits. While moving to proof-of-stake (PoS) contributes to changing the narrative of blockchains being harmful to the environment, there are still many things that the Web3 eco system can do to tackle climate change, according to Marek Olszewski, the CEO of Celo, an Ethereum layer-2 scaling solution. Cointelegraph editor Zhiyuan Sun spoke with Olszewski about the threat of climate change, the benefit of using blockchain-based system s for carbon offsets and various ways that projects can offset their carbon footprint. According to Olszewski, as climate change remains a threat to humanity, companies and projects are steering towards becoming carbon neutral. He said: “Climate change is still a systemic threat to our species. I think as a society we kind of owe it to ourselves to do anything that we can. And I suspect that every project and every company in ...