Square Commits $10 Million to Bitcoin Clean Energy Initiative; Aims for Net-Zero Carbon by 2030

2020-12-9 20:41

Square has launched a clean energy investment initiative to help make the “bitcoin supply chain greener.”

In its press release on Tuesday, the San Francisco-based company announced its plan to become net-zero carbon for operations by 2030. A verified carbon removal portfolio is expected to be launched in Q1 of 2021.

With this came the ‘Bitcoin Clean Energy Investment Initiative‘ to which Square is committing $10 million to support companies that “help drive adoption and efficiency of renewables within the bitcoin ecosystem.”

The new initiative will support companies working on green energy technologies within the bitcoin mining space and accelerate its transition to clean power. Any gains made from this investment will also be reinvested back into the initiative.

Twitter CEO Jack Dorsey is a Bitcoin proponent and his company Square, which has invested $50 million in BTC, purchases the largest cryptocurrency on behalf of its Cash App customers.

“We believe that cryptocurrency will eventually be powered completely by clean power, eliminating its carbon footprint and driving adoption of renewables globally,” said Square co-founder and CEO Jack Dorsey.

At the end of October, as we reported, the New York Department of Financial Services (NYDFS) sent out a letter to banks and cryptocurrency businesses to pay attention to the financial risks associated with climate change and incorporate them into their business strategies. Dorsey said,

“Published estimates indicate bitcoin already consumes a significant amount of clean energy, and we hope that Square’s investment initiative will accelerate this conversion to renewable energy.”

The post Square Commits Million to Bitcoin Clean Energy Initiative; Aims for Net-Zero Carbon by 2030 first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 68737.85 (-0.10%)
Îáúåì 24H $41.911b
Èçìåíåèÿ 24h: -0.06 %, 7d: -3.34 %
Cåãîäíÿ L: $66916.68 - H: $68910.37
Êàïèòàëèçàöèÿ $1359.497b Rank 1
Öåíà â ÷àñ íîâîñòè $ 18719.14 (267.21%)

carbon 2030 square net-zero clean energy bitcoin

carbon 2030 → Ðåçóëüòàòîâ: 4


Ôîòî:

Analyst: Renewable energy will be ‘effectively free’ by 2030

Analysts at Swiss investment bank UBS believe that by 2030, we could all be living without much of a carbon footprint — at least at home. The analysts believe that the cost of renewable energy will continue to dive heading into the next decade, and that by 2030, costs will be so low they will “effectively be free,” according to new research published this morning in the Financial Times (paywall).

2018-8-14 03:58


Ôîòî:

Liverpool Partners with Stellar Based Carbon Trading Blockchain Platform to Reduce Carbon Emissions by 40%

One of the biggest city in England, host to four universities, has gone blockchain to tackle global warming with the aim of reducing overall carbon emissions by 40% by 2030, Trustnodes... The post Liverpool Partners with Stellar Based Carbon Trading Blockchain Platform to Reduce Carbon Emissions by 40% appeared first on Trustnodes.

2018-7-23 21:08