Environment Financial News

05.03 / 17:47

business Government Blockchain Technology Adoption Environment Energy Can blockchain help combat climate change?

With rising temperatures, melting ice caps and more frequent and intense extreme weather events, the effects of climate change are becoming more and more obvious. There is an urgent need to prevent climate change, and numerous technologies and methods are being investigated to do so. Blockchain technology is one of these possibilities, and it has the potential to be very effective in the fight against climate change.

04.03 / 00:53

Mining regulation Environment Congress Senators Senators renew call for EPA investigation of crypto mining emissions data

United States Senator Edward Markey and Representative Jared Huffman announced March 3 that they would reintroduce the Crypto-Asset Environmental Transparency Act in Congress. The move comes ahead of a Senate hearing on the environmental impact of crypto mining, which Markey will chair on March 7.

24.02 / 22:11

business Blockchain Adoption Environment ESG Frontier Recycle to earn, a new frontier for blockchain technology towards ESG goals

'Recycle to Earn' was the motto presented by Eric Vogel earlier this month while pitching his startup at the European Blockchain Convention, decades after he started recycling plastics and cans from his grandmother's house to earn extra money for a Game Boy.

16.02 / 22:25

Adoption Environment United Nations World Economic Forum Davos Takeaways from Davos: Blockchain is changing the way we fight for sustainability

The COP has also created tools to prevent climate doomsday. Such economic tools as voluntary and compliance carbon markets, carbon credits, green bonds and other green assets tied to positive environmental impact play a crucial role in decarbonization global efforts. However, they are often inaccessible to small and medium-sized companies from developing countries. The main reasons are high upfront costs and complex structuring processes in line with global green standards.

08.02 / 01:19

Mining regulation Environment information lawmakers Energy usage Lawmakers write to US officials about crypto energy usage information gathering

United States Environmental Protection Agency Administrator Michael Regan and Energy Secretary Jennifer Granholm were the recipients Feb. 6 of another letter on the environmental impact of cryptocurrency mining. Eight Democratic lawmakers headed by Elizabeth Warren reached out to the officials this time.

07.02 / 01:11

business Mining Environment reports Riot Riot reports 17K miners offline due to Texas weather

Crypto mining firm Riot Platforms — formerly Riot Blockchain — reported that 17,040 rigs deployed at its operations in Texas were offline due to “severe winter weather” in the state.

31.01 / 02:29

Adoption Mining Environment Funding Africa Bitcoin National park How Bitcoin mining saved Africa's oldest national park from bankruptcy

Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin (BTC) mine in an effort to protect its forests and wildlife. Cointelegraph spoke with Sébastien Gouspillou, CEO of Big Block Green Services, and the man who introduced Bitcoin mining to the park.

17.01 / 10:09

event Blockchain Environment Carbon Credits Putting carbon credits on blockchain won’t solve the problem alone: Davos

Simply trading carbon credits, on the blockchain or otherwise, won’t solve a lot for the environment as companies must understand why they’re using them and how to make a real impact, carbon blockchain executives argue.

13.01 / 09:47

Environment Bitcoin Climate tech VC argues Bitcoin's ESG positives outweigh its negatives 31:1

A climate tech investor has painted a bright view of the Bitcoin (BTC) network, suggesting BTC’s environmental positives outweigh its negatives by a whopping 31:1 ratio.

23.12 / 02:11

Blockchain Adoption Green technology Environment The most eco-friendly blockchain networks in 2022

2022 saw the continued advancement of green crypto projects as more industry companies focused on sustainability to reduce carbon emissions. A series of elemental forces drove the paradigm shift, including user demands for faster and more energy-efficient blockchains, growing climate change awareness among investors, and rising government concerns about energy consumption in the crypto sector.

13.12 / 17:39

Blockchain Environment Energy United Nations Decentralized solutions for climate change are key as COP disappoints

Climate change has become one of the most pressing issues in the modern world with mounting pressure on companies to develop and implement climate strategies. Politicians around the globe have also been actively involved, with several nations pledging to go carbon-neutral in the next couple of decades.

07.12 / 23:59

regulation Environment Ban ECB ECB official proposes ban on tokens with an 'excessive ecological footprint'

Fabio Panetta, an executive board member of the European Central Bank (ECB), proposed banning crypto assets with a significant environmental impact as part of efforts to address risks.

23.11 / 09:55

business cryptocurrency Environment World New York state partially bans cryptocurrency mining powered by fossil fuels

New York has become the first state in the US to temporarily ban new permits for fossil fuel plants that power cryptocurrency mining, which is an energy-intensive exercise. Crypto mining is the process used in the transaction of cryptocurrencies such as bitcoin and ethereum.

17.11 / 17:05

Blockchain Ethereum Environment United Nations network Ethereum Climate Platform launches to address the network's prior PoW emissions

Months after the Ethereum Merge, where the network shifted to the more eco-friendly proof-of-stake (PoS) consensus, the Ethereum community is now shifting its focus to redress the network’s former proof-of-work (PoW) carbon emissions since its launch.

11.11 / 22:35

Blockchain Adoption Green technology Environment Climate Change Coalition releases report on blockchain and emerging technologies at the COP 27

The Climate Change Coalition (CCC), a network of organizations dedicated to leveraging blockchain technology for effective climate action, including Cointelegraph as a member, delivered on Nov. 11 its stock take report at the United Nations Climate Change Conference, or COP27, in Sharm El-Sheikh,Egypt.

26.10 / 20:19

business Blockchain Environment Bitcoin Report: Vast majority of blockchain energy studies 'lack scientific rigor'

According to a new preprint conducted by researchers at the Open Universiteit, University of California Berkley, and Radboud University, the vast majority of literature on blockchain energy use from both academic and everyday sources "lacks the scientific rigor expected from a mature scientific field." The report analyzed 128 scientific and open-source studies related to carbon emissions of blockchains such as Bitcoin.

25.10 / 11:33

Adoption Environment BIS BIS, UN, Hong Kong Monetary Authority concludes tokenized green bonds trial

The Bank for International Settlements (BIS), the Hong Kong Monetary Authority and the United Nations Climate Change Global Innovation Hub presented the results of their “Genesis 2.0” initiative. The project aims to explore the use of blockchain, smart contracts and the internet of things (IoT) for a global environment cause.

18.10 / 22:53

regulation Environment European Union Energy Consumption European Commission regulatory Europe moves toward regulatory action on crypto’s environmental impact, energy use

The European Union (EU) released a package of documents on Oct. 18 related to an action plan for implementing the European Green Deal and the REPowerEU Plan, both of which aim at energy savings by digitalizing the energy sector. The European energy planners have crypto miners in their sights along with myriad other energy users.

10.10 / 08:33

Environment Climate change Mental Health Putin accuses Ukraine of 'terrorism' in Crimea bridge attack

Senior Russian leaders will meet on Monday for a hastily-arranged Security Council session, to discuss the country's response to a weekend bridge explosion in Crimea.

10.10 / 08:21

Environment Climate change Mental Health Mental Health Day: How war in Ukraine is causing psychological trauma for millions of people

While it is understandably the death in Russia's war in Ukraine that normally grabs headlines, today the plight of those living amid the bloodshed is being put under the spotlight.

30.09 / 07:27

Environment proof-of-work Energy Bitcoin Researchers allege Bitcoin's climate impact closer to 'digital crude' than gold

The Bitcoin (BTC) bashing has continued unabated even in the depths of a bear market with more research questioning its energy usage and impact on the environment.

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