Is isn't, because it creates financial incentives to invest in new sustainable energy infra, and because it makes it profitable to prevent harmful methane from leaking into the atmosphere. It's good for the planet. And good for humanity for several other reasons as well.

Crypto could be used to do that, its often pitched as doing that, but what actually happens is shit like moss.earth where someone has the bright idea to tokenize carbon credits based on amazon rainforest preservation, because crypto = better, even though no one explains the specifics of how 1/2

2/2 or knows what problem its solving. Moss writes a WP claiming to back its token with certified credits & that crypto would help with transparency, gets a lot of hype & makes millions of $ at launch. Except all they did was buy cheap unverified credits, do 0 due diligence & apply an 800% markup.

Using crypto for climate finance just ads a layer of obfuscation to already patchwork voluntary markets, creates endless opportunity to exaggerate & grift, which just hurts the legitimacy of the real projects doing real good, while add 0 additional $ to the work on the ground

I agree there is a lot of 'crypto blockchain token' silliness. But there *is* actual bitcoin mining with landfill methane going on right now, by several companies. Daniel Batten (environmentalist) explains in a short 4 minute video: www.youtube.com/watch?v=nccy...

As I see it, the problem with "voluntary markets" is that it never scales enough "to save the planet". Either govts will have to come with new regulations and subsidize everything with tax money (won't happen globally), or we have to simply make it very profitable for companies to capture methane.

Just like the building of new electricity infra in remote African locations. This can only be done if it is profitable for companies to do so. There needs to be a business case. BBC News: www.youtube.com/watch?v=cN5G...

Power generation using landfill methane is not a blockchain based innovation.. I guess its better than, allowing the methane to escape into the atmosphere or using coal to mine bitcoin, Environments* can still be susceptible to faulty thinking &/ or self-inferest. Crypto has no function here,

Crypto is what makes it profitable to capture the methane. The alternative would have to be govt regulations and govt subsidies (taxes), which won't happen at scale globally. So the 'crypto element' is not the technology, but the business case. It makes companies *want* to capture the methane.

There are no other business cases at these often remote landfills. It is not profitable to capture the methane and ship it somewhere else. Not even when 'converting' it to hydrogen. There are no other customers at the location that would pay for the generated electricity. It would be vented.

And that's just landfills. Now think of the countless abandoned oil drill sites that are leaking methane. I don't see a Trump govt coming with regulations to force oil companies to capture this methane. Again: making it profitable is the only way to get things done at scale.

Sorry for the typos *Crypto mining*