The Hygge Blog

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Can breakthrough technologies like blockchain and AI help the millions of people who do not have access to reliable energy? Can we meet our decarbonization targets through edge computing? How can technology ensure high return on investment in energy generation projects? If you have an interesting take on the energy scenario, send us your articles, and we will publish the most creative and thought-provoking submissions.

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Peer-to-Peer, Renewable Energy, Blockchain, Net-Zero, Emissions Tracking, ESG Reporting Shivani Mathur Peer-to-Peer, Renewable Energy, Blockchain, Net-Zero, Emissions Tracking, ESG Reporting Shivani Mathur

Blockchain in Energy: Accurate and Transparent Carbon Emissions Reporting and Verification

By 2050, climate change is projected to cause an additional 14.5 million deaths and $12.5 trillion in economic losses worldwide (World Economic Forum, 2024). If we continue business as usual, these estimates are only likely to worsen, leading to more frequent and severe natural disasters like hurricanes, wildfires, droughts and floods. To mitigate these catastrophic outcomes, accurate and transparent carbon emissions reporting is crucial. Unfortunately, carbon emissions reporting has lost its credibility due to a pervasive global failure to ensure transparency.

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