Crypto Climate Accord: Bitcoin greenwashing or game-changer?

Some cryptocurrency players are trying to shrink crypto’s carbon footprint with a self-regulating accord, but critics say it distracts from more effective government regulation.

In a banner year for cryptocurrencies (so far), not all of the news is going to be good. As Bitcoin and other digital coins have soared in value since January, the toll they are taking on planet Earth has garnered far more attention. High-profile Bitcoin supporters have come out in force to defend their favourite cryptocurrency.  A report published last week – sponsored by Tesla Inc’s Elon Musk, Square Inc’s Jack Dorsey, and ARK’s Cathie Wood, one of Wall Street’s hottest investment pros – depicts Bitcoin as an “ideal” part of renewable energy projects involving solar, wind and battery storage technology.