Is Web3 green?

Web3 is allegedly based on crypto assets which have a known environmental footprint problem. Therefore web3 is not green.

References

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.