White House pushes for net zero carbon in latest crypto report

Recently, the White House released a report detailing how cryptocurrency mining and other technologies directly contribute to pollution, the greenhouse effect, noise and other dangerous environmental impacts that hinder the federal agency’s initiatives to achieve net zero carbon emissions. complies with US climate goals.

Last month, electricity use appeared to have quadrupled, or to 180 to 240 km/h per year. Meanwhile, BTC mining in the United States has also risen from 3.5% as seen in 2020 to a whopping 38% today.

The said report by the White House Office of Science and Technology was made specifically in response to the executive order of the President of the United States Joe Biden that questions and challenges the impact and direct relationship of crypto-assets and technologies with issues related to climate change and the energy in MAS

Image: KITCO

White House wants concerted efforts on cryptocurrency mining

The report outlines how the Biden administration and Congress can work together to enact executive orders and legislation to ensure the efficient and safe use of high-energy cryptocurrency mining.

Additionally, cryptocurrency mining companies along with the Environmental Protection Agency (EPA), Department of Energy (DOE) and other environmental protection agencies should work together to design processes and technologies that minimize unwanted pollution and other hazardous environmental and economic impacts. effects caused by crypto mining.

Additional recommendations were also highlighted in the White House report, such as obtaining the personal information of electric utilities and crypto miners, as well as ensuring the use of renewable and reliable energy sources that will help federal authorities reach a well-informed decision. on the top impact of cryptocurrencies.

White House: Make Crypto Greener Or Else…

Despite support from crypto communities that promote bitcoin mining as safe for the environment, White House officials are unconvinced as more than 100 million storage devices will be connected to the network by 2040, which could be disruptive for a country that is in the process of switching to the use of 100% renewable energy sources.

With that said, the EPA is charged with strengthening the energy grid that will establish the voice for cleaner energy use in the future that will protect the country from harsh climate change and pollution.

The White House remains adamant about making cryptocurrencies greener or more climate-friendly — or ban them altogether.

BTC total market cap at $402 billion on the daily chart | Source: TradingView.com

Featured image from BBC, chart from TradingView.com

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