Greenpeace: Bitcoin Is ‘Falling Behind’ in the Battle Against Climate Change 2022

Greenpeace, a global non-governmental organization (NGO) that cares about the environment, has questioned the lack of activity by organizations connected to Bitcoin in the fight against climate change. According to Rolf Skar of Greenpeace USA, Bitcoin is “falling behind” on this issue because most organizations with ties to Bitcoin refuse to acknowledge the apparent issue.

Greenpeace Blasts Bitcoin’s Lack of Action

The well-known environmentalist group Greenpeace has criticized the position that many businesses and organizations connected to Bitcoin have adopted on the so-called “climate change” phenomenon. The majority of the influential figures in the Bitcoin ecosystem, according to its most recent press release, refuse even to acknowledge the issue.

Rolf Skar, Special Projects Manager at Greenpeace USA, stated:

Bitcoin is falling even further behind as others in the crypto industry work to tackle the climate crisis. While other crypto technologies are making changes to become more efficient and, and coming up with approaches to address historic climate pollution, Bitcoin ‘mining’ has become dirtier in recent years with coal as its top source of electricity.

The group proposes switching from the present proof-of-work consensus method to a less resource-intensive proof-of-stake consensus to improve how Bitcoin operates. This initiative, known as “Change the Code, Not the Climate,” is backed by the World Economic Forum (WEF). In an occasion known as “The Merge,” Ethereum changed on September 15.

Ethereum’s Pivot

In contrast, following the aforementioned pivot, Ethereum is now regarded as a more environmentally friendly platform. As an “example of crypto platforms taking the initiative to mitigate the climate crisis,” Skar cited the recently launched Ethereum Climate Platform.

The Ethereum Climate Platform is a coalition of Web3 businesses that will address how Ethereum’s operations while adopting proof-of-work consensus would affect the climate. The group, which includes businesses including Microsoft, Huobi, Polygon, Consensys, and Allinfra, will focus on funding several initiatives aiming to achieve decarbonization using the available technologies.

These programs include carbon removal projects, heating, cooling, and other utilities, green hydrogen, and opportunities for zero-carbon power.

After implementing the capability in 2014, Greenpeace stopped accepting bitcoin donations in May 2021 as part of its rejection of the functioning of the Bitcoin network. “As the amount of energy needed to run bitcoin became clearer, this policy became no longer tenable,” the organization noted.

What do you think about Greenpeace and its criticism of Bitcoin? Tell us in the comments section below.

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