GIGATONS Group launches GIGATECH, a web3 tech division aimed at tackling sustainability by reducing carbon emissions. Leveraging smart technology, it seeks automation and efficiency to address climate challenges.
A scientific paper suggests that Bitcoin mining could help reduce methane emissions, which are significantly more harmful than CO2 in the short term, according to a UN report.
IMF proposes energy taxes for crypto miners and data centres to reduce carbon emissions. Higher electricity costs would lead to increased efficiency and lower emissions, according to the IMF.
The IMF has suggested an 85% hike in electricity taxes on Bitcoin miners to reduce carbon emissions.
IMF proposes electricity tax hike on crypto miners to reduce their carbon emissions.
The IMF proposes an 85% increase in electricity taxes for crypto miners to reduce carbon emissions by 100 million tons annually.
The IMF warns that cryptocurrency mining and AI technology could significantly increase global carbon emissions. By 2027, these activities could consume 3.5% of global electricity, similar to Japan's current usage. The IMF suggests taxes on electricity use to push for more energy-efficient practices and reduce emissions.
