1/9
Just in: our report on #bitcoinmining & #climatechange
Full report: batcoinz.com/quantifying-th…
Findings
1. Using #BTC mining to combust leaking methane can eliminate 5.32% of all global CO2-eq emissions...
#ESG #sustainability #methane #UNEP #IPCC #CCAC #climatechange
Just in: our report on #bitcoinmining & #climatechange
Full report: batcoinz.com/quantifying-th…
Findings
1. Using #BTC mining to combust leaking methane can eliminate 5.32% of all global CO2-eq emissions...
#ESG #sustainability #methane #UNEP #IPCC #CCAC #climatechange
2/9
2. By aggressively targeting leaked methane, Bitcoin mining has the potential to avoid 0.15% of warming by 2045, potentially earlier.
#BitcoinIsGreen #environment
2. By aggressively targeting leaked methane, Bitcoin mining has the potential to avoid 0.15% of warming by 2045, potentially earlier.
#BitcoinIsGreen #environment
3/9
3. No other existing technology is currently equipped to achieve this feat at this pace.
In short: Reducing methane emissions is the strongest lever we have to slow climate change. #Bitcoin mining is the fastest, most reliable hand we have upon that lever.
3. No other existing technology is currently equipped to achieve this feat at this pace.
In short: Reducing methane emissions is the strongest lever we have to slow climate change. #Bitcoin mining is the fastest, most reliable hand we have upon that lever.
4/9
Based on our finding, to fulfil our #ESG mandate to responsibly invest in technologies that cause the biggest, fastest impact on #climatechange, we are obligated to make our next #ESG fund either predominantly or exclusively focus on green Bitcoin mining initiatives.
Based on our finding, to fulfil our #ESG mandate to responsibly invest in technologies that cause the biggest, fastest impact on #climatechange, we are obligated to make our next #ESG fund either predominantly or exclusively focus on green Bitcoin mining initiatives.
5/9
The time has come for the world to move on from the debate about whether Bitcoin is good for the environment or not and embrace the fact which is now in clear view that #bitcoinmining represents one of our few realistic options for averting imminent climate disaster
The time has come for the world to move on from the debate about whether Bitcoin is good for the environment or not and embrace the fact which is now in clear view that #bitcoinmining represents one of our few realistic options for averting imminent climate disaster
6/9
To those who previously believed that #BTC had a negative environmental impact, we fully realize this finding may be a surprise. As environmentalists ourselves, we were also surprised & had to work against inbuilt biases as each new fact kept contradicting each prior beliefs
To those who previously believed that #BTC had a negative environmental impact, we fully realize this finding may be a surprise. As environmentalists ourselves, we were also surprised & had to work against inbuilt biases as each new fact kept contradicting each prior beliefs
7/9
We’re publishing the methodology, calculations for all to scrutinize and welcome your scrutiny. This is a first attempt to quantify climate change impact. We invite others to add upon the research by calibrating bitcoin mining growth rates and constraints
We’re publishing the methodology, calculations for all to scrutinize and welcome your scrutiny. This is a first attempt to quantify climate change impact. We invite others to add upon the research by calibrating bitcoin mining growth rates and constraints
8/9
Methodology: we used latest 2021 NASA satellite data of methane emissions. Calculations used UNEP, CCAC and IPCC figures & emission targets as baseline data. We studied over 20 pieces of independent research: both investigative journalism & peer-reviewed scientific studies
Methodology: we used latest 2021 NASA satellite data of methane emissions. Calculations used UNEP, CCAC and IPCC figures & emission targets as baseline data. We studied over 20 pieces of independent research: both investigative journalism & peer-reviewed scientific studies
9/9
We interviewed renewable operators, investors, miners, environmental consultants, activists & energy experts
*We received no funding for this research. We have no affiliation with Bitcoin mining or similar companies. If you find flaws, let us know. We'll keep improving.
We interviewed renewable operators, investors, miners, environmental consultants, activists & energy experts
*We received no funding for this research. We have no affiliation with Bitcoin mining or similar companies. If you find flaws, let us know. We'll keep improving.
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