In a banner year for cryptocurrencies (so far), not all of the news is going to be good.
As Bitcoin and other digital coins have soared in value since January, the toll they are taking on planet Earth has garnered far more attention.
High-profile Bitcoin supporters have come out in force to defend their favourite cryptocurrency. A report published last week – sponsored by Tesla Inc’s Elon Musk, Square Inc’s Jack Dorsey, and ARK’s Cathie Wood, one of Wall Street’s hottest investment pros – depicts Bitcoin as an “ideal” part of renewable energy projects involving solar, wind and battery storage technology.
Crypto Climate Accord: Bitcoin greenwashing or game-changer?
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Could a ‘Crypto Climate Accord’ erase cryptocurrencies’ carbon footprint?
It’s a long shot, and bitcoin probably stands in the way
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Bitcoin Mining at Russian CryptoUniverse Farm
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.
A 2040 target for the crypto industry to reach “net zero” emissions
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 the industry’s histor
Électricité de France S.A. Joins Hedera Governing Council
Hedera Hashgraph, an enterprise-focused blockchain ecosystem, has announced that
Hedera Governing Council.
EDF is a top global utility company with customers around the world. EDF is the 19th Council member, joining a growing network global enterprises and organizations, including Avery Dennison, Boeing, Dentons, Deutsche Telekom, DLA Piper, eftpos, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Standard Bank Group, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group. EDF is the first council member from the energy industry.
EDF is expected to utilize Hedera’s proof-of-stake decentralized public network on which to deploy energy use cases. EDF plans to deploy a carbon offset and credit system on Hedera. Additionally, decentralized electrical systems, supply chains, energy certificates, and more may use the blockchain.
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Ripple pledges to achieve carbon net-zero by 2030 05 February 2021
Source: Ripple The world is in the midst of a global climate crisis one that is impossible to ignore. To avert the worst-case climate scenarios, countries around the world have committed to reach carbon net-zero by 2050. Addressing sustainability across all industries is a worldwide priority, and global finance is no exception.
The blockchain and digital asset industry will play a critical role in building a sustainable future for global finance. We, as an industry, need to come together to dramatically reduce our collective environmental impact as broad adoption takes hold.
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