Setting aside the controversy of bitcoin’s energy use, this Earth Day, CoinDesk looked at six new projects that are trying to improve mining's carbon footprint. egreechee reports
Renewable energy credits represent ownership of the sustainability of electricity produced. These certificates represent 1 megawatt hour of power produced from renewable sources such as wind, hydro and solar. They are usually separate to any power purchase agreements and are usually traded over the counter .
This might actually raise the price of RECs, “which directly incentivizes investment in renewable energy technology,” Divine said.Switzerland-based Block Green is another project that is trying to incentivize sustainable mining through a decentralized lending protocol. On their platform, liquidity providers looking for bitcoin-native investments can buy future hashrate over a specified period of time, or computing power.
Similarly, Clean Incentive looks to “collect, validate and tokenize ESG [environmental, social, and governance] attributes” from a network of miners, said its founder and CEO Casey Martinez, a data scientist with experience in renewable energy. For every megawatt of energy used for the actual computing in a data center, LiquidStack's solution uses 0.02 MW for cooling, whereas other options use 0.1 MW to 0.7 MW, LiquidStack said.in March, a 150-year old firm in the heating and cooling space which brought in $16 billion in revenues in 2022.
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