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The Agenda podcast chats with Energy Web on how to fight climate change with help of blockchain
Does blockchain have a role to play in slowing down climate change? Energy Web CEO Jesse Morries makes the case on the latest episode of The Agenda podcast.
July 28, 2023
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This summer, parts of the United States are wilting under a multi-month stretch of sweltering heat and data suggests that summer temperatures will continue to creep up in the coming years. The planet is on what seems to be a pretty clear path to soon reaching 1.5 degrees Celsius of warming for the first time since preindustrial times, a milestone number that the world’s countries pledged to try to remain under in the 2015 Paris Agreement. 

Humanity’s continued burning of fossil fuels combined with the return of the El Niño weather phenomenon has created a dangerous cocktail of rising temperatures that have been breaking records all around the world. In fact, July 6 was the world’s hottest day ever recorded — and possibly the hottest day in 100,000 years — with the month of July on track to be the hottest in recorded history.

Scientists say that short of drastic and monumental geoengineering projects, the only way to prevent the planet's warming from remaining under 1.5 degrees Celsius is to rapidly phase out and ultimately stop the burning of fossil fuels. But modern society requires massive amounts of power to operate, so where will all that energy come from if fossil fuels are no longer practical?

The answer, according to organizations like Energy Web, lies in clean energy, or energy that does not release greenhouse gasses into the atmosphere.

On episode 15 of The Agenda Podcast, hosts Jonathan DeYoung and Ray Salmond speak with Energy Web CEO Jesse Morris about his views on climate change, decarbonization and how blockchain technology can help facilitate the move to clean energy.

The tech is actually already built and readily available

A particular highlight from the conversation was Morris’ comment that it’s the economics of the climate change industry that need adjustment. Morris said:

“Let’s just make it so that all these technologies that can help us decarbonize are cost-effective and businesses will just adopt them.”

Of course, it’s slightly more complex than that, but according to Morris:

“One of the big overarching challenges is we just need our electricity to be green. Yeah. And one of the ways we can make the electricity to be more green, the entire electric system is to take this concept where, let’s say we have all of these different technologies that I was talking about earlier electric cars, batteries, solar systems, heat pumps.”

In Morris’ view, better public policy messaging which is couched in digestible data and a more reasonable approach to governments’ climate change and environmental preservation objectives. Morris said the first step is to “electrify everything” and,

“If we have all those assets out there, which is kind of a naturally decentralized, distributed landscape with all of these assets that are out there, if we can network those things together digitally and basically use those to actually balance the grid instead of these big natural gas or coal-powered facilities, that’s a really efficient way to manage the electricity system, basically telling all of those different batteries and electric cars precisely when to and when to not use electricity. It’s kind of like a big distributed, decentralized battery that’s a really efficient and incredibly economically powerful tool for balancing the grid.”

What’s blockchain got to do with it?

Given the fact that environmentally friendly solutions are already in existence and ready to roll out, both co-hosts were curious about the actual role and need for blockchain in these technologies. Morris explained that after six years of building and trialing different solutions, Energy Web honed in on Green Proofs as the primary solution that had good product to market fit.

Green Proofs have applications ranging from green biofuels, to Bitcoin miners using only renewable and green energy and tracing how green the materials were that came in to create a battery.

According to Morris, “blockchain plays a pretty key role. We use blockchains to actually just represent those assets.”

“So basically, if I’m a fuel producer, I log in, I register, I upload data. An on-chain representation of that data is then used and can be moved around that ecosystem to sort of track who owns the digital certificate representing that unit of green fuel, for example.”

To hear more from Morris’s conversation with The Agenda, listen to the full episode on Cointelegraph’s Podcasts pageApple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows!

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Source: The Dinarian ⚡ Claude AI

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Ecosystem Success Stories: How the Soroban Audit Bank Drives Security Forward

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What's New in 2025: Enhanced Audit Support for Soroban Builders

Teams building financial protocols, high-dependency data services, high-traction dApps funded by the Stellar Community Fund are able to request an audit and will typically be matched with a reputable audit firm within two weeks. We recently restructured the program for this year to enhance audit efficiency and incentivize accountability, and rapid and complete vulnerability remediation:

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Get Started Today

If you're already funded through the Stellar Community Fund, meet the criteria and ready to secure your smart contracts, check your email for an invitation to submit an audit request–if you haven’t received one, contact [email protected].

If you haven't built on Stellar yet, we encourage you to start your journey with the Stellar Community Fund to become eligible for future security audits and ecosystem support. For any broader questions on the program, contact [email protected].

Also, we’re organizing an exciting series of workshops–join us for the kick-off on Soroban Security Best Practices on Friday, May 30, 2025 at 2 PM ET on @StellarOrg. Together, we're shaping a secure and resilient future for smart contracts on Stellar.

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Santander mulls stablecoin, crypto offering

Bloomberg reported that Banco Santander is mulling introducing euro and dollar stablecoins, or potentially making a third party coin available to clients, citing sources. This move aligns with broader crypto ambitions, as its digital bank, Openbank, has reportedly applied for a European cryptocurrency license under the Mica Regulations and may enable retail access to digital assets.

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Santander’s involvement could extend beyond an individual initiative. The bank is a shareholder in The Clearing House, where the Wall Street Journal reported that US banks are exploring the potential to create a joint stablecoin. If a US initiative took that route it could involve nine more G-SIBs including Bank of America, Barclays, BMO, BNY Mellon, Citi, HSBC, JP Morgan, TD Bank and Wells Fargo.

Apart from these initiatives, our research shows that more than 20 other banks have been involved in stablecoin projects.

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Santander as an early digital assets mover

Santander’s stablecoin consideration builds on years of blockchain experience. The bank was an early Ripple investor and previously used Ripple’s permissioned network for payments (not XRP), while also embracing permissionless blockchain activities including issuing a digital bond on Ethereum in 2019. This dual approach led to collaborations with other major players – alongside Societe Generale FORGE and Goldman Sachs, Santander participated in the European Investment Bank’s first digital bond, also on Ethereum. Currently, the bank’s most significant digital money initiative involves Fnality, the wholesale blockchain-based settlement network, where Santander ranks among 20 institutional backers and is part of the early adopter group alongside Lloyds Bank and UBS.

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