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Bitcoin network emissions reportedly hit all-time low, outpacing other industries in reduction
Bitcoin network reaches all-time low in emissions, demonstrating unmatched strides in sustainability.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- For the first time, the Bitcoin network has dropped below 300 g/KWh emissions, according to Daniel Batten, a Bitcoin ESG analyst.
- Daniel Batten states this is an “all-time low”; it took just over three years for Bitcoin to half its emission intensity.
- No other industry is reducing its emission intensity at such a rate, according to Daniel Batten.
- The source data appears in this BEEST (Bitcoin energy & Emissions sustainability tracker).
- Some other key highlights from the report include; the Cambridge Centre for Alternative Finance (CCAF) reports the Bitcoin network uses 37.6% zero emissions power sources, whereas the Bitcoin Mining Council reports 59.4% zero emissions power sources.
