How is Blockchain Technology Being Used to Combat Climate Change?

The IELTS Reading section is a crucial part of the IELTS exam, gauging one’s ability to understand and interpret English texts from various contexts. Recently, topics of high relevance, such as climate change and technological advancements, have become prevalent in IELTS Reading passages. For instance, examiners might focus on how blockchain technology is utilized to combat climate change. This is not only a hot topic in today’s discussions due to its immense impact and potential but also an indicator of its probable appearance in future exams due to its recency and significance.

Full IELTS Reading Practice Text

In today’s exercise, we will be focusing on an IELTS Reading passage categorized under “Medium Text”. The chosen text will explore the topic of “How blockchain technology is being used to combat climate change.” Following the passage, a set of questions will test your comprehension and critical reading skills.

Reading Passage

How Blockchain Technology is Combatting Climate Change

Blockchain technology, a decentralized digital ledger system, is fundamentally transforming various sectors, and its application in climate change efforts is gaining significant traction.

Blockchain introduces transparency and accountability to carbon credit systems. Traditional carbon credit systems have been criticized for their lack of transparency and traceability, leading to instances of double-counting and fraud. Blockchain’s immutable ledger ensures that each transaction is recorded and can be audited by all parties, making it virtually impossible to manipulate the data. This facilitates more credible and efficient trading of carbon credits, which in turn encourages reductions in greenhouse gas emissions.

Moreover, supply chains are a significant contributor to global carbon emissions. Blockchain can provide traceability and transparency throughout the supply chain, ensuring that each step from production to delivery adheres to environmentally friendly practices. For example, companies can track the carbon footprint of their products in real-time, from raw material extraction to end-user delivery. This not only helps companies make more informed decisions but also allows consumers to choose products based on their environmental impact.

Another critical application of blockchain in combating climate change is in renewable energy. Decentralized energy markets can leverage blockchain to facilitate peer-to-peer energy trading. Households generating surplus solar energy can sell this excess directly to other consumers, bypassing traditional energy companies. Blockchain ensures the secure and transparent recording of these transactions, making green energy more accessible and affordable.

Furthermore, blockchain can support climate finance by ensuring the transparent deployment and tracking of funds allocated for climate projects. For instance, governments and organizations often face challenges in confirming that allocated funds effectively reach their intended projects. Blockchain’s ability to provide an auditable trail of transactions ensures that such funds are used efficiently and as intended.

As blockchain technology continues to evolve, its role in mitigating climate change could expand, introducing novel solutions to one of the most pressing issues of our time.

Questions

Multiple Choice Questions

  1. What is one way blockchain helps in carbon credit systems?

    • a) By keeping transactions confidential
    • b) By making transactions transparent and auditable
    • c) By reducing the need for digital records
    • d) By eliminating the need for auditors
  2. How does blockchain benefit supply chains?

    • a) By increasing production costs
    • b) By providing traceability and transparency
    • c) By reducing the need for physical infrastructure
    • d) By manipulating data easily
  3. What is a key advantage of blockchain in renewable energy trading?

    • a) It forces households to pay more
    • b) It centralizes the energy market
    • c) It allows direct energy trading between households
    • d) It involves traditional energy companies

Identifying Information (True/False/Not Given)

  1. Blockchain can ensure that environmental funds are not misused.

    • True
    • False
    • Not Given
  2. Blockchain increases the complexity of carbon credit trading.

    • True
    • False
    • Not Given

Answer Keys

Multiple Choice Answers

  1. b) By making transactions transparent and auditable
  2. b) By providing traceability and transparency
  3. c) It allows direct energy trading between households

True/False/Not Given Answers

  1. True
  2. False

Explanation

  1. Blockchain makes transactions within carbon credit systems transparent and auditable, ensuring no double-counting or fraud occurs.
  2. The technology provides supply chain traceability and transparency, crucial for ensuring environmental standards are upheld at every stage.
  3. Blockchain enables direct energy trading among households, bypassing traditional energy companies and promoting renewable energy usage.
  4. Blockchain technology provides an auditable trail of transactions, ensuring climate funds are used as intended.
  5. Contrary to increasing complexity, blockchain simplifies carbon credit trading by ensuring transparency and accountability.

Common Mistakes

  1. Misreading Details: Ensure to read the passage thoroughly and distinguish between similar concepts or closely related ideas.
  2. Time Management: Practice timing yourself while answering questions to improve your speed and efficiency during the actual test.
  3. Guessing Without Basis: Make educated guesses if unsure; never leave a question blank.

Vocabulary Focus

  1. Immutable (adjective): ˌi-mə-ˈtü-mə-bəl

    • Unchangeable over time or unable to be changed.
    • “Blockchain’s immutable ledger…”
  2. Traceability (noun): ˌtrā-sə-ˈbi-lə-tē

    • The ability to trace the history, application, or location of something.
    • “Providing traceability and transparency…”

Grammar Focus

  1. Present Perfect Tense:
    • Structure: [has/have + past participle]
    • Example: “Blockchain technology has introduced transparency…”
    • Use: To describe actions starting in the past but relevant to the present.

Advice for High IELTS Reading Scores

  1. Practice Regularly: Daily reading practices of diverse topics enhance comprehension skills.
  2. Develop Vocabulary: Regularly learn new words and their usage within different contexts.
  3. Take Mock Tests: Simulate exam conditions with practice tests to build familiarity and confidence.
  4. Analyze Mistakes: Carefully review errors from practice tests to avoid repeating them.

Blockchain and Climate ChangeBlockchain and Climate Change

By incorporating these strategies, you will build a solid foundation to excel in the IELTS Reading section, particularly on contemporary and impactful topics like blockchain’s role in combating climate change.

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