![]() To meet the severe challenges facing humanity, we must "add wings to the tiger" and act with the courage and strength of the tiger to overcome all obstacles on our way forward. In Chinese culture, tiger symbolizes bravery and strength, as the Chinese people often refer to spirited dragon and dynamic tiger, or soaring dragon and leaping tiger. Xi Jinping first pointed out, in two weeks' time, China will celebrate the advent of spring in the lunar new year, the Year of the Tiger. #NEW WORLD FORUMS HOW TO#“The most critical discussion the world has today is how to combat climate change within cryptocurrencies measuring true environmental impact can often be more complicated than in other technologies.On January 17, 2022, President Xi Jinping attended the 2022 World Economic Forum Virtual Session in Beijing and delivered a speech titled "Forge Ahead with Confidence and Fortitude to Jointly Create a Better Post-COVID World". Cathy Mulligan, ERA Chair Blockchain and World Economic Forum, Crypto Impact and Sustainability Accelerator (CISA) Fellow (Working Group 1 lead), added: I’m excited to work with climate innovative companies, like Zumo, to showcase the impact journey that the Crypto Sustainability Coalition is spearheading from climate challenge to web3 solutions.” What is urgently needed are global coordination technologies that can transcend the mass bureaucratization of climate action. The current legacy system has failed to coordinate effective policies and capital investment into the commitments necessary to address the most pertinent threat to humanity. “Climate change is a global coordination problem. We’re delighted to be invited to participate in this worthy World Economic Forum initiative, and to continue to build and collaborate with our fellow actors in the space.”Įvin Cheikosman, Lead of the Crypto Sustainability Coalition, World Economic Forum, commented: “Making sure crypto and blockchain more generally develops in a way that caters to the needs of people and the planet is critical to Zumo and what we’re doing. “As we all know, there’s a lot left to do and a long way to go what we’re seeing, however, is the strands of this work in the crypto ESG space really coming together - and, perhaps, the beginnings of a shift in the narrative and the ability to see this technology not just as a problem, but as a potential force multiplier for good.” “It’s extremely encouraging to see the level of coordinated activity that has emerged in this area since we started our own crypto decarbonisation journey.” Particular areas of focus include collaborative assessment of crypto sector energy usage an examination of the potential of web3 technology to facilitate positive climate action and further investigation of the usage of blockchain-based carbon credits. Further building on its award-winning work to drive towards practical solutions and informed action in the crypto climate debate, Zumo will contribute to the outputs of the coalition’s targeted working groups in developing the guiding principles and toolkits for companies, regulators and start-ups to leverage the potential of blockchain to reach energy goals. Part of the wider Crypto Impact and Sustainability Accelerator, the newly formed coalition will explore how blockchain tools can be leveraged to contribute to meaningful progress toward positive climate action.Įarlier this month, Zumo won the Climate Innovation category at the 2022 Scottish Financial Technology Awards. ![]()
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