Intense focus on the carbon emissions attributable to mining Bitcoin has united in common cause among cryptocurrency critics and climate activists. Their goal: ban cryptocurrencies – particularly Bitcoin – to avoid carbon emissions. Cryptocurrency and carbon reduction each have a role in global growth and stability: crypto being the latest in a line of financial innovations that bring efficiency and security; lower emissions support sustainable and resilient growth. The intersection of these two pressing global issues deserves, and requires, clear thinking based on sound data in assessing the net benefits and environmental impact of cryptocurrencies.
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