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Crypto - The road ahead

NS Energy

Aug 31, 2021

Crypto Climate Accord (CCA) launched to make the cryptocurrency industry 100% renewable.

We have heard how cryptocurrency has been a real problem for the environment. Inspired by the Paris Agreement, on the 8th of April 2021, the Crypto Climate Accord (CCA) was set up by non – profit organisations. It announced that it, “ aims to limit the pages of history that will talk about the harmful environmental impact of cryptocurrencies.” Rocky Mountain Institute, Energy Web, and the Alliance for Innovative Regulation (AIR) joined together for a collective goal- to convert blockchains and digital currency mining to 100% renewable energy.

The CCA brought more than 20 companies together from all crypto and finance, technology, NGO’s, energy and climate sectors towards eliminating co2 emissions from the electric load by supporting the making of crypto more sustainable.The confederation plans to transition all blockchains to renewable energy by 2030 if not sooner.

The steps include developing an open-source standard for measuring emissions from the crypto industry, and then working towards achieving net-zero emissions. “I’m proud to support the Crypto Climate Accord and to collaborate with other like-minded players that believe this technology can lead to a renewable energy revolution through collective action,” Meltem Demirors, CSO of digital asset investing firm CoinShares, told NS Energy earlier.

Our device -Force can help reduce power generation by improving energy efficiency which in turn reduces the use of fossil fuels and carbon emissions. The Future is HERE and NOW. This is a great example of “the future catching up with the sustainable”.

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