{"id":2983,"date":"2022-03-29T00:00:00","date_gmt":"2022-03-29T00:00:00","guid":{"rendered":"http:\/\/www-prod.greenpeace.org\/usa\/campaign-updates\/2983\/change-the-code-not-the-climate-greenpeace-usa-ewg-others-launch-campaign-to-push-bitcoin-to-reduce-climate-pollution\/"},"modified":"2024-12-09T19:02:15","modified_gmt":"2024-12-09T19:02:15","slug":"change-the-code-not-the-climate-greenpeace-usa-ewg-others-launch-campaign-to-push-bitcoin-to-reduce-climate-pollution","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/usa\/change-the-code-not-the-climate-greenpeace-usa-ewg-others-launch-campaign-to-push-bitcoin-to-reduce-climate-pollution\/","title":{"rendered":"Change The Code: Not The Climate – Greenpeace USA, EWG, Others Launch Campaign to Push Bitcoin to Reduce Climate Pollution"},"content":{"rendered":"

Bitcoin is already using as much power as Sweden. Other crypto-currencies use 99% less electricity<\/span><\/p>\n

Global Climate Strike in New York
People across the U.S. left their homes, workplaces, and schools for a youth-led Global Climate Strike. They marched and rallied to demand transformative action to address the climate crisis, and called on leaders to choose to side with young people, not fossil fuel executives polluting the planet for profit.
\nThe September 20-27 global week of action is the beginning of a reckoning for the fossil fuel industry that will launch a growing movement of millions of people through the 2020 election toward a more just, green, and peaceful future for all.<\/figcaption><\/figure>\n

Bitcoin is already using as much power as Sweden. Other crypto-currencies use 99% less electricity<\/p>\n

A campaign to push Bitcoin to change its software code to use far less energy was launched today by the Environmental Working Group, Greenpeace USA, and several groups battling Bitcoin mining facilities in their communities. Decrying Bitcoin\u2019s growing greenhouse gas pollution, the campaign asks Bitcoin to change its code \u2013 not the climate. The campaign website, www.cleanupbitcoin.com<\/a>, enables the public to join the campaign.<\/p>\n

The initial campaign includes digital advertising in the Wall Street Journal, New York Times, MarketWatch, Politico and on Facebook. The ads include messages like: \u201cBitcoin: Proof that Money Isn\u2019t Always Green,\u201d \u201cDoes Bitcoin Actually Use More Power Than All of Sweden? Hell Ja,\u201d \u201cHey Jack Dorsey. You Could Help Stop Bitcoin\u2019s Pollution With a Tweet,\u201d \u201cHey Fidelity. The Planet\u2019s Not Ready for Early Retirement,\u201d \u201cIf Only a Few Dozen People Agreed to Change Bitcoin, It Would Stop Polluting the Planet,\u201d and others.<\/p>\n

Coalition members will also be mobilizing their large memberships to push Bitcoin\u2019s biggest investors and influencers \u2014 many of whom have announced climate commitments \u2014 to exert leadership and call for a code change. It will also explore legal and regulatory efforts.<\/p>\n

Bitcoin uses a software code, Proof of Work, that requires the use of massive computer arrays to validate and secure transactions. Based on estimates by the University of Cambridge, these currently use as much electricity in a year as Greece, Sweden or the Netherlands. Yet Bitcoin\u2019s use of electricity is expected to grow \u2013 it increases along with its price. A recent article in Nature Climate Change <\/i>estimated that, if use of Bitcoin becomes widespread, it could push the world beyond the 2 degree Celsius warming threshold for climate catastrophe.<\/p>\n

About 50 key Bitcoin miners, exchanges and core developers have the power to make a software change \u2013 as they did once before, in 2017. It can be done: one of Bitcoin\u2019s major competitors, Ethereum, is now transitioning from this energy-wasting code to another which will use 99.9% less electricity without devastating climate and pollution consequences. Many other crypto currencies already use a low-energy code.<\/p>\n

After China banned Bitcoin mining, many operations moved to the United States. Some of them are buying up polluting coal plants that were on the brink of bankruptcy and scheduled to be retired, and even plants that burn coal waste, which emits up to 50% more greenhouse gases than even dirty coal itself. Others are using fracked gas, which also heats the planet. In some communities, electricity prices have increased due to competition for power from massive Bitcoin mining operations.<\/p>\n

\u201cThe science is clear: to prevent run-away climate change, we need to start phasing out fossil fuels and investing in the clean energy economy,” explained Greenpeace USA Chief Program Officer Tefere Gebre. \u201cNo matter how you feel about Bitcoin, pushing those with the power to ensure a code change will make our planet and communities safer from the destructive impacts of climate change. What we do have is a solution: Change the Code. Not the Climate.\u201d<\/p>\n

\u201cThe \u2018currency of the future\u2019 is dragging us into the past when it comes to the urgent battle to save the climate,\u201d said Environmental Working Group President Ken Cook. \u201cOur planet can\u2019t afford Bitcoin\u2019s excessive and unnecessary energy use and associated pollution. EWG urges the Bitcoin community to go back to its visionary roots and \u2018Change the Code, Not the Climate.\u2019 Join Ethereum, the second-ranked cryptocurrency by market cap, and immediately commit to smarter, infinitely more efficient crypto technology.\u201d<\/p>\n

\u201cAccording to a recent report in the scientific journal Joule, Kentucky produces more carbon from cryptocurrency mining than any other state,\u201d explained Lane Boldman, Executive Director of the Kentucky Conservation Committee. \u201cBecause of lucrative tax breaks and existing energy infrastructure, this state has rapidly expanded to provide 18.7% of Bitcoin\u2019s collective computing power for mining, second to New York\u2019s 19.9%. However, many of these operations are coming to distressed areas long exploited for energy. It is frustrating to see these financial incentives benefit companies working in communities that may not even have reliable water.”<\/p>\n

\u201cBitcoin miners are eager to take advantage of lax regulation in Pennsylvania,\u201d added Penn Future Senior Director for Energy and Climate Rob Altenburg. \u201cPower plants burning highly polluting waste coal have been turned into mining operations. Portable generators and mining hardware have shown up unannounced at fracked-gas well sites. Not only are taxpayers and ratepayers paying the price, we all pay the price of increased pollution.\u201d<\/p>\n

\u201cGovernor Kathy Hochul must act now to curtail outside speculators from wreaking irreversible havoc on our communities and the planet by imposing a moratorium on proof-of work crypto mining,\u201d said Yvonne Taylor, Vice President of Seneca Lake Guardian. \u201cWith 20% of the nation’s climate-killing Bitcoin mining, New York has become the wild west for a risky currency favored by authoritarian states and criminals, that’s threatening our very real $3 billion\/year agritourism industry including 60,000 jobs. Having just lived through a massive respiratory pandemic that killed 67,000 New Yorkers, the last thing we need is repowered or expanded coal and gas plants pumping poisonous greenhouse gas emissions into the atmosphere. It’s not enough to talk about climate, Governor Hochul has a responsibility to lead, not just New York, but the nation by acting<\/i>\u00a0now.\u201d<\/p>\n

\u201cWe are calling on the Bitcoin community to change to a low-energy code,\u201d explained Michael Brune, campaign advisor and former Executive Director of the Sierra Club. \u201cThis could mean switching to proof of stake, federated consensus, or even changing Proof of Work to use far less energy. We won\u2019t prescribe the exact solution, but we demand urgent action to save our climate and future.\u201d<\/p>\n

\u201cThis campaign is not anti-Bitcoin \u2013 it is anti-pollution,\u201d explained Chris Larsen, whose climate foundation is the initial funder of the campaign. Larsen is the Chairman of Ripple. \u201cWe need to clean up our industry. And the issue is not, as some have suggested, powering Bitcoin with clean energy. We need the limited supply of clean energy for other vital uses. The issue is changing the code to use far less energy. That\u2019s the environmentally responsible way forward.\u201d<\/p>\n

If Bitcoin\u2019s code is not changed, coalition members fear that mining could keep moving around the world and burn more and more fossil fuels, raising global temperatures even further.<\/p>\n

Speakers at the press conference launching the campaign included: Tefere Gebre, Chief Program Officer of Greenpeace USA; Ken Cook, President, Environmental Working Group; Yvonne Taylor, VP, Seneca Lake Guardian; Lane Boldman, Director of Kentucky Conservation Committee; Chris Larsen, Chairman of Ripple and climate activist; Michael Brune, former Executive Director, Sierra Club; and Jared Stonesifer, Director of Media Relations for PennFuture.<\/p>\n

For further information or to interview participants please contact Ira Arlook, iarlook@gmail.com<\/a> 202 2585437.<\/p>\n","protected":false},"excerpt":{"rendered":"

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