The UN’s Intergovernmental Panel on Climate Change declares crypto as high-demand energy technology. Despite being accounted for 0,08% of global emissions, the report highlights blockchain as a major source of CO2.
The United Nations arm aimed at assessing the science related to climate change, the Intergovernmental Panel on Climate Change, or IPCC, has named crypto among technologies that may require greater energy demands.cryptocurrencies, as part of the infrastructure around data centers and information technology systems related to blockchain, had the potential to be a “major global source” of carbon dioxide emissions.
The IPCC included the energy requirements for artificial intelligence alongside crypto and blockchain. However, the group noted that all technologies had the potential to enable emissions reductions as well as increased emissions based on how they were governed:
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