The Agenda podcast chats with Energy Web on how to fight climate change with the help of blockchain

The Agenda podcast chats with Energy Web on how to fight climate change with the help of blockchain

This summer, parts of the United States are wilting under a multimonth stretch of sweltering heat, and data suggests that summer temperatures will continue to creep up in the coming years. The planet is on what seems to be a pretty clear path to soon reaching 1.5 degrees Celsius of warming for the first time since the preindustrial era, a milestone number that the world’s countries pledged to try to remain under in the 2015 Paris Agreement.

Humanity’s continued burning of fossil fuels combined with the return of the El Niño weather phenomenon has created a dangerous cocktail of rising temperatures that have been breaking records all around the world. In fact, July 6 was the world’s hottest day ever recorded — and possibly the hottest day in 100,000 years — with the month of July on track to be the hottest in recorded history.

Scientists say that short of drastic and monumental geoengineering projects, the only way to prevent the planet’s warming from remaining under 1.5 degrees Celsius is to rapidly phase out and ultimately stop the burning of fossil fuels. But modern society requires massive amounts of power to operate, so where will all that energy come from if fossil fuels are no longer practical?

The answer, according to organizations like Energy Web, lies in clean energy, or energy that does not release greenhouse gasses into the atmosphere.

On Episode 15 of The Agenda podcast, hosts Jonathan DeYoung and Ray Salmond speak with Energy Web CEO Jesse Morris about his views on climate change, decarbonization and how blockchain technology can help facilitate the move to clean energy.

The tech is actually already built and readily available

A particular highlight from the conversation was Morris’ comment that it’s the economics of the climate change industry that need adjustment. Morris said:

“Let’s just make it so that all these technologies that can help us decarbonize are cost-effective, and businesses will just adopt them.”

Of course, it’s slightly more complex than that, but according to Morris:

“One of the big overarching challenges is we just need our electricity to be green. And one of the ways we can make the electricity to be more green, the entire electric system, is to take this concept where, let’s say we have all of these different technologies that I was talking about earlier: electric cars, batteries, solar systems, heat pumps.”