Green and clean: blockchain and sustainable jet fuel
Thursday 9 December 2021 – Vol.12 Ed.49.4
Commentary: Japan plans to green the blockchain
By Lewis McLellan in London
A group of 74 Japanese banks and corporations is forming a system to digitise bank deposits, creating a blockchain payments network. The system neatly circumvents a number of thorny questions about the legal status of stablecoins as well as exploring creative uses of the technology, like green certificates for clean electricity. The Digital Currency Forum – including Mitsubishi UFJ Financial Group, Mizuho and Sumitomo Mitsui Banking Corp – will launch a digital currency platform in 2022.
Read the full commentary on the website.
Commentary: Where will the vegetable oil come from to fuel our planes?
By Gary Smith in London
The International Air Transport Association’s report on how the airline industry plans to get to net-zero emissions by 2050 is fascinating. The report explains that changes within our grasp will contribute a meagre 3% to the net zero progression. The remaining 97% will come from more progress in the field of carbon capture, carbon offsetting and a switch to sustainable jet fuel. However, massive investment will be needed to produce enough fuel to meet demand.
Read the full commentary on the website.
