US and EU rely on blockchain to track greenhouse gas emissions

US and EU rely on blockchain to track greenhouse gas emissions

The U.S.-EU Trade and Technology Council's Climate and Clean Technology Working Group announced its goals in a joint document released Monday.

A joint U.S.-EU Trade and Technology Council will collaborate on research and development of carbon emissions tracking technologies and explore blockchain technology as a potential tool for measuring and using lifecycle greenhouse gas (GHG) assessments.

The Trade and Technology Council is a diplomatic forum established in 2020 to coordinate technology and trade policy between the U.S. and the EU.