White House science office looks at crypto’s effect on climate, despite scarce data
2022.09.09 12:09
White House science office looks at crypto’s effect on climate, despite scarce data
The White House Office of Science and Technology Policy (OSTP) has weighed in on the environmental and energy impact of crypto assets in the United States, finding that crypto makes a significant contribution to energy usage and greenhouse gas (GHG) emissions. It recommends monitoring and regulation in response.
The report, released Sept. 8, was the latest to come out of the U.S. President Joe Biden’s March executive order (EO) on the development of digital assets. The EO charged the OSTP with investigating the energy usage associated with digital assets, comparing that usage with other energy outlays, investigating uses of blockchain technology to support climate protection and making recommendations to minimize or mitigate the environmental impact of digital assets.
