A large number of Bitcoin (BTC) miners have signed a commitment modeled on the Paris Climate Agreement, called the Crypto Climate Agreement (CCA).
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The private sector-led initiative commits its signatories to “achieve net zero emissions from electricity by 2030” and “develop standards, tools and technologies to accelerate the adoption of 100% renewable energy-powered blockchains by 2025 UNFCCC COP30 and validate progress towards these blockchains.” .
Argo Blockchain, DMG Blockchain Solutions, Gryphon Digital Mining and DGHI are known signatories available. DGHI CEO, Michel Amar, used the following statements on this subject:
“This is an exciting development for the long-term viability of our industry and the long-term health of our planet. Our business model has always been focused on growth through environmentally and socially responsible blockchain operations, and being a signatory to the Crypto Climate Accord further solidifies this commitment.”
The tech industry in general is in a rush to switch to clean energy at an unprecedented scale of investment in solar, wind and other renewable energy projects. Amazon, Google, Facebook and Microsoft have publicly announced deals to purchase 25.7 gigawatts of renewable energy as they race to provide clean energy for data centers. “It’s almost like a stampede for clean energy,” said Michael Terrell, Google’s director of energy.
Providers also say that tech companies’ willingness to spend upfront makes them more important than government subsidies.
Public Bitcoin miners say the vast majority of their energy comes from clean sources, and one miner states that 90% of them are carbon neutral. Bitcoin users are currently working towards progress to 100% as they demonstrate their commitment to clean air and clean energy.