Cryptocurrency is so hot it might melt the polar ice caps. But a new group dubbed the Crypto Climate Accord is debuting today as a way to address how the industry deals with token mining’s negative effects on the environment.
The group is a private sector initiative aimed at making the cryptocurrency industry’s energy consumption 100% renewable by 2030. The group is a partnership of Energy Web, RMI, and the Alliance for Innovative Regulation (AIR). The group brings together parties such as CoinShares, ConsenSys, Web 3, Ripple, and the United Nations who want sustainable blockchain and crypto technology. It’s getting support from the United Nations Framework Convention on Climate Change (UNFCCC) Climate Champions.
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