COP27: Leading Technology Companies Launch “Ethereum Climate Platform” Initiative to Address Ethereum’s Former Proof of Work Carbon Emissions

Sharm El-Sheikh, Egypt, November 17th, 2022 — This afternoon at COP27, the world’s largest gathering on climate action, a group of Web3 companies convened by ConsenSys and Allinfra, joined civil society leaders and the UNFCCC Climate Innovation Hub, to announce the creation of the Ethereum Climate Platform (ECP). Its mission is to incentivize and fund the development of real-world projects that will mitigate greenhouse gas emissions and deliver positive environmental and social impact long into the future. Founding members of the Platform launch team include: AAVE, Art Blocks, Celo, CodeGreen.Org, Enterprise Ethereum Alliance (EEA), ERM, Filecoin Green, Gitcoin, Global Blockchain Business Council (GBBC), Huobi Global, Laser Digital (Nomura), Microsoft, Polygon, The Climate Collective, UPC Capital Ventures, and W3bcloud, in collaboration with Gold Standard.