The tax is intended to reduce greenhouse gas emissions, electricity costs and local environmental pollution, but has not been kindly received by the crypto community.
Here Are Six New Projects Looking to Mitigate Bitcoin Mining’s Energy Footprint
Solana’s Annual Carbon Footprint Equals 8 Flights from London to New York
The real-time dashboard, produced by the Solana Foundation, shows how much carbon the smart contracts platform is emitting.
ANZ Bank Completes Carbon Credits Trading as Part of Australia’s CBDC Pilot
Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia’s central bank digital currency (CBDC) pilot.
Immersion Cooling Firm LiquidStack Secures Series B Funding to Build Manufacturing in U.S.
The company can reduce the carbon footprint, land and water use of bitcoin miners through its technology.
Can blockchain help combat climate change?
Blockchain’s transparency and traceability can aid sustainability and reduce carbon emissions for climate change.
BTC energy use jumps 41% in 12 months, increasing regulatory risks
Despite the European Union rejecting a proposal banning crypto mining earlier this year, more regulations could soon be implemented to mitigate the environmental impacts of crypto mining.
Could GameFi and carbon currencies reverse blockchain’s climate stigma?
Toucan Protocol’s Rob Schmitt believes blockchain gaming could have a much better environmental reputation if games integrated carbon offsets.
Bitcoin mining estimated to represent 0.9% of global carbon emissions in 2030
New York Digital Investment Group estimates that Bitcoin mining will not represent more than 0.4% of global carbon emissions over the next decade.
VeChain Thor mainnet reaches 10 million blocks milestone with no downtime
Supply chain management platform hits blockchain milestone as major consensus upgrade nears.
WEF, Mining Giants Develop Blockchain Platform for Tracking Carbon Emissions
The World Economic Forum (WEF) has finalized a platform that tracks CO2 emissions during mining processes using blockchain.
Ridesharing Giant Cabify to Track and Offset Carbon Emissions Using Blockchain Platform
Cabify, one of the world’s largest ridesharing companies, is moving to offset its carbon emissions with the help of blockchain marketplace ClimateTrade.
KPMG Airs Blockchain Solution to Help Corporates Offset Carbon Emissions
“Big Four” firm KPMG says its patent-pending blockchain solution will help organizations measure, report and offset their carbon emissions
Climate Startup Nori Raises $4M to Solve Carbon Market Double-Spending
Nori has been funded to build a blockchain-based market for carbon credits that will start by paying farmers to remove CO2 from the atmosphere.
Carbon Credits Have a Double-Spend Problem. This Microsoft-Backed Project Is Trying to Fix That
The Microsoft-backed IWA sustainability group is building a tokenization standard that aims to bring transparency to carbon accounting.
Everledger Offers Diamond Industry Blockchain-Based Carbon Offsetting
Track-and-trace blockchain pioneer Everledger is using its technology to help the diamond industry offset its carbon footprint.
7 Mining Heavyweights Partner With WEF on Blockchain Sourcing Initiative
The World Economic Forum is building a blockchain-based sustainable sourcing project with 7 metal and mining industry firms on board.