World Bitcoins mines contradict China's zero carbon objectives
Malcolm Turnbull is DUMPED from NSW climate change job
Malcolm Turnbull has been dumped from his new job as the NSW government's climate change tsar after widespread public ridicule at the appointment. NSW Climate Change minister Matt Kean was forced into an embarrassing backflip on Tuesday over his decision to appoint the unpopular former prime minister as chair of the Net Zero Emissions and Clean Economy Board. Mr Kean said in a statement that the position should be 'focus should not be on personality'.'It is important that the focus is on achieving these outcomes, based on facts, technology, science, and economics,' he said in a statement on Tuesday.
digital pollutes, and if nothing is done the digital currency could even derail Beijing's zero carbon goals. It is in any case what a study of the Chinese Academy of Sciences published by the Journal Nature. China houses more than 75% of Bitcoins mines around the world and they are bulimic electricity.
with our permanent special envoy in China, Stéphane Lagarde
more energivorous still that datas center, the Chinese Bitcoins mines that feed 80% of world cryptomonnaires should consume 297 terawatt hours in 2024; It is more than what has been used by a country like Italy in 2016, according to this study of the Chinese Academy of Sciences, published in partnership with the universities of Surrey, Tsinghua and Cornell. The results of the researchers fall badly because they go against the announcement of the Chinese president last year.objectives to achieve a peak of carbon dioxide emissions by 2030 and carbon neutrality by 2060.
Fossil fuel subsidies up, carbon pricing too low: OECD
No major economy in the world has carbon pricing policies even remotely in line with the Paris climate treaty goal of capping global warming at 1.5 degree Celsius, the OECD said Tuesday. In a scoring system where 100 points corresponds to trading schemes and taxes that curb greenhouse gas emissions enough to achieve carbon neutrality by 2050 -- a target consistent with the 1.5C cap -- 44 nations accounting for 80 percent of global carbon pollution scored 13 on average. For 2018, a dozen European nations had marks between 38 and 48, while the US earned 11 points, China 5, with Brazil and Indonesia rating only 1.
40% of the Bitcoin product with charcoal
the cryptomonnaie extraction is very energy greedy. Minors use more and more powerful computers capable of achieving complex equations authorizing bitcoin transactions. Hence their installation in Chinese provinces and regions where electricity is cheaper: the Yunnan south, Sichuan and Xinjiang in the west, but also and especially the North. 8% of these mines are in internal Mongolia, more than throughout the United States (7.2%). Knowing that 40% of them still rotate coal.
"Carbon emissions from this emerging industry have a potentially negative effect on China's climate neutrality objectives," said Jiang Shangrong, the primary author of the study cited by the"the intensive operations of The Blockchain in China can quickly become a threat, continues Wang Shouyang. And this could potentially undermine the emission reduction effort, " study and also a member of the Chinese Academy of Science.
What are 'zombie mines'? What do they have to do with Malcolm Turnbull?
According to a new report by the Australia Institute, there are currently 23 new coal projects proposed in NSW. Some of them, the report says, are 'zombies'. So what does that mean? Here are some answers.A new report by the Australia Institute says there are 23 new coal projects proposed in NSW — equivalent to 15 Adani-sized mines.
Inner Mongolia understood the message. This Chinese autonomous region still very coal-dependent has not limited its energy consumption in 2019. Central power wrath, now Hohhot intends to prohibit the operation of the Bitcoin by the end of April. Minors could attempt to escape the regulation by moving towards provinces, particularly in the southern China rich in hydropower.
Bitcoin production could also enterdigital yuan. If the Chinese authorities have supported the development of Blockchain technology that secures bitcoin transactions, they have so far limited the trade in digital currencies to prevent bleaching. The People's Bank of China's project preparing the virtual yuan area could go further, according to , since it includes a provision prohibiting individuals and entities from making and selling digital currency.
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