April 8, 2021 02:17 pm
Original Link: https://www.theverge.com/2021/4/8/22373524/cryptocurrency-climate-accord-bitcoin-carbon-footprint
Could a Crypto Climate Accord erase cryptocurrencies carbon footprint?
A newly announced “Crypto Climate Accord” aims to erase cryptocurrencies’ legacy of climate pollution. That’s a tall order considering the enormous amounts of energy that the most popular cryptocurrencies — bitcoin and Ethereum — consume. The loose goals laid out in the plan so far face potentially insurmountable challenges.
The “accord” is led by the private sector — not governments — and outlines a few preliminary objectives. It seeks to transition all blockchains to renewable energy by 2030 or sooner. It sets a 2040 target for the crypto industry to reach “net zero” emissions, which would involve reducing pollution and turning to strategies that might be able to suck...
Original Link: https://www.theverge.com/2021/4/8/22373524/cryptocurrency-climate-accord-bitcoin-carbon-footprint
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