<p><strong>What are the current hurdles to decarbonising the cryptocurrency industry, and what role can lawyers and industry initiatives like the Crypto Climate Accord (CCA) play in decarbonisation? </strong></p><p>In recent weeks there has been increasing news coverage of the environmental impact of certain cryptocurrencies like Bitcoin, which rely on a mining process that uses huge amounts of energy, predominantly from non-renewable sources. What’s more, because cryptocurrencies are relatively new, largely unregulated, global and decentralised, they present numerous challenges to any lawyers considering how to regulate the industry to improve its environmental record. But it’s not all bad news – some cryptocurrencies have proven that it’s possible to mine currencies in energy efficient ways, while major industry players have come together to</p>
Source: LexisNexis Purpose Built
Road to COP26—can bitcoin be green?
