CO2 emissions – DIGIT INFO

Stop the Presses: Criticism Against the New York Times Mounts as Newspaper Is Accused of Killing 59 Million Trees Annually

DIGIT — Thu, 20 Apr 2023 04:30:13 +0000

After the New York Times (NYT) published an editorial about bitcoin mining, claiming the industry is harmful to the environment, an organization called Stop the Presses took issue with the Times’ paper usage. Stop the Presses launched a social media campaign against the NYT’s newspaper production. The organization’s website, nytimesup.org, alleges that the company “kills […]

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C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking

DIGIT — Fri, 14 Apr 2023 19:30:20 +0000

On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new tool aims to inspire Brazilians to adopt more sustainable behaviors. ‘CBDC Preview’ — Bank Customer […]

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Bitcoin Mining Report Shows Network’s Emissions Account for 0.08% of the World’s CO2

DIGIT — Wed, 02 Feb 2022 16:19:44 +0000

During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental impact. This week, the cryptocurrency firm Coinshares published a report that shows talking points condemning the network’s electrical consumption have been greatly exaggerated. According to […]

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True or false? A single NFT can power a European household for 1.5 months

DIGIT — Thu, 11 Mar 2021 02:08:45 +0000

NFTs are coming under scrutiny as more attention is drawn to the carbon footprint of PoW blockchains.

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