In the US, public-private state associations form networks of support for crypto businesses
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Intergovernmental Panel on Climate Change calls cryptocurrency CO2 emissions a 'growing concern'
The United Nations arm aimed at assessing the science related to climate change, the Intergovernmental Panel on Climate Change, or IPCC, has named crypto among technologies that may require greater energy demands.
According to a report released on Monday, the IPCC said cryptocurrencies, as part of the infrastructure around data centers and information technology systems related to blockchain, had the potential to be a “major global source” of carbon dioxide emissions.
The energy requirements of cryptocurrencies is also a growing concern, — the report although considerable uncertainty exists surrounding the energy use of their underlying blockchain infrastructure — the report
While it is clear that the energy requirements of global Bitcoin mining have grown significantly since 2017, recent literature indicates a wide range of estimates for 2020 (47 TWh to 125 TWh) due to data gaps and differences in modelling approaches.
The IPCC included the energy requirements for artificial intelligence alongside crypto and blockchain.
They can enhance energy-efficient control, reduce transaction cost for energy production and distribution, improve demand-side management [...] and reduce the need for physical transport.
The blockchain projects making renewable energy a reality Related
The report was the IPCC’s third and latest in its efforts to recommend halving global emissions by 2030 to reduce the environmental impacts of climate change.
“In the scenarios we assessed, limiting warming to around 1.5°C (2.7°F) requires global greenhouse gas emissions to peak before 2025 at the latest, and be reduced by 43% by 2030; at the same time, methane would also need to be reduced by about a third,” said the IPCC.
We need to take action now or 1.5ºC will become out of reach, it will be physically impossible to get there."
