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Europe Must Ban Bitcoin Mining To Hit the 1.5C Paris Climate Goal, Say Swedish Regulators

Faced with a sharp rise in energy consumption, Swedish authorities are calling on the European Union to ban "energy intensive" crypto mining. From a report: Erik Thedeen, director of the Swedish Financial Supervisory Authority, and Bjorn Risinger, director of the Swedish Environmental Protection Agency, said cryptocurrency's rising energy usage is threatening Sweden's ability to meet its obligations under the Paris Climate Agreement. Between April and August this year, the energy consumption of ...
Tags: Europe, Sweden, Tech, Eu, European Union, Swedish Financial Supervisory Authority, Risinger, Swedish Environmental Protection Agency, 5C Paris Climate Goal Say, Erik Thedeen, Bjorn Risinger