- Crypto activist Justin Sun has announced that he is going to donate USD 1 million in an initiative endorsed by Greta Thunberg to tackle climate emergency
Justin Sun, the founder of cryptocurrency platform TRON, has revealed that he intends on donating USD 1 million to environment activist Greta Thunberg’s initiative on raising awareness about climate change. Sun said that cryptocurrency in itself will have a major role in decreasing the global carbon output.
Justin’s Tweet read,
“As a young entrepreneur, I share @GretaThunberg’s passion to change the world. Crypto will contribute immensely on reducing carbon footprint by implementing decentralized settlement. I would like to personally commit USD 1 Mil to @GretaThunberg ’s initiative. #cop25”
This announcement by Sun comes after UN’s COP25 climate talks held ended without a deal. The multilateral negotiations ended on a stalemate with no key decisions being made on important matters such as the carbon trade market. Moreover, there were disagreements on a universal approach towards reducing carbon emissions.
While the common perception towards Bitcoin is that its high power consumption is a bane to the environment, a recent study has stated that Bitcoin and tackling climate change are not incompatible. In fact, as previously reported by BitcoinNews.com, Bitcoin has the potential to fight climate change.
Image Courtesy: Pixabay