web3/claims/web3-green.md

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# Is Web3 green?
Web3 is allegedly based on crypto assets which have a known [environmental footprint](environmental-footprint.md) problem. Therefore web3 is not green.
See also [ESG investing and crypto](bitcoin-esg.md), [environmental-footprint](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): 23750. 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. Bitcoins 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. Bitcoins Growing Energy Problem. Joule 2, no. 5 (2018): 8015. https://doi.org/10.1016/j.joule.2018.04.016.
1. Vries, Alex de, and Christian Stoll. Bitcoins Growing e-Waste Problem. Resources, Conservation and Recycling 175, no. September (2021): 105901. https://doi.org/10.1016/j.resconrec.2021.105901.