# Is Web3 green?
Web3 is allegedly based on crypto assets which have a known [environmental footprint](is-environmental-footprint.md) problem. Therefore web3 is not green.

See also [ESG investing and crypto](is-bitcoin-esg.md), [is-environmental-footprint](is-environmental-footprint.md) and [mining](../concepts/mining.md).

## References
1. Wanat, Emanuel. 2021. ‘Are Crypto-Assets Green Enough? – An Analysis of Draft EU Regulation on Markets in Crypto Assets from the Perspective of the European Green Deal’. Osteuropa Recht 67 (2): 237–50. https://doi.org/10.5771/0030-6444-2021-2-237.
1. Dindar, B., and Ö. Gül. ‘The Detection of Illicit Cryptocurrency Mining Farms with Innovative Approaches for the Prevention of Electricity Theft’. Energy & Environment, no. April (2021): 0958305X211045066. https://doi.org/10.1177/0958305x211045066.
1. Vries, Alex De. ‘Bitcoin’s Energy Consumption Is Underestimated : A Market Dynamics Approach’. Energy Research & Social Science 70, no. July (2020): 101721. https://doi.org/10.1016/j.erss.2020.101721.
1. Vries, Alex de. ‘Bitcoin’s Growing Energy Problem’. Joule 2, no. 5 (2018): 801–5. https://doi.org/10.1016/j.joule.2018.04.016.
1. Vries, Alex de, and Christian Stoll. ‘Bitcoin’s Growing e-Waste Problem’. Resources, Conservation and Recycling 175, no. September (2021): 105901. https://doi.org/10.1016/j.resconrec.2021.105901.