Skip to main content

Written question asked by Lord Beamish (Labour) on Thursday, 18 May 2023, in the House of Commons. It was due for an answer on Monday, 22 May 2023. It was answered by Graham Stuart (Conservative) on Thursday, 25 May 2023 on behalf of the Department for Energy Security and Net Zero.


Blockchain

Question

To ask the Secretary of State for Energy Security and Net Zero, whether his Department has plans to encourage the use of blockchain technologies by business to help decarbonise the economy.

Answer

Blockchain technologies may allow trading of low-carbon energy and account for emissions of greenhouse gases to facilitate decarbonisation. However, the concepts still need to demonstrate that they could offer advantages over technology using centralised ledgers in specific applications related to decarbonisation. Several companies have been funded by the Energy Entrepreneurs Fund Programme to innovate their blockchain decarbonisation concepts further and to demonstrate applications useful to achieving net zero.


Secondary information

Type
Written question
Reference
185769
Session
2022-23
Subjects
Business Economic situation Technology Carbon emissions Blockchain
Link
View this Written question on www.parliament.uk