The Instigator is co-authored again this week by my friend Peter Ebsen. In our last post, Peter and I offered recommendations on how to improve corporate net-zero climate pledges, based on our recent submission to the Science Based Targets initiative
You’re correct about Bitcoin using extraordinary amounts of energy to mine new bitcoins. And that most of it occurs in China where coal is heavily utilized (hydro is also used seasonally). Bitcoin advocates argue that the mining is shifting toward renewable energy, but any such shift is too little too late. They should be held accountable in the same way as countries, corporations, and individuals that are contributing negatively and disproportionately to climate change.
You’re correct about Bitcoin using extraordinary amounts of energy to mine new bitcoins. And that most of it occurs in China where coal is heavily utilized (hydro is also used seasonally). Bitcoin advocates argue that the mining is shifting toward renewable energy, but any such shift is too little too late. They should be held accountable in the same way as countries, corporations, and individuals that are contributing negatively and disproportionately to climate change.