• 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.

BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.