PDF Publication Title:
Text from PDF Page: 006
SIDEBAR: What is the Paris Agreement? In 2016, 197 countries agreed to a legally binding, international treaty on climate change to hold the increase in the global average temperature to well below 2°C above pre-industrial levels and pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels. The treaty is known as the Paris Agreement. To achieve the temperature goal, countries aim to reach global peaking of greenhouse gas emissions, mainly carbon emissions, and then undertake rapid reductions thereafter to reach net greenhouse gas emissions of zero by 2050. The Paris Agreement is structured in five-year cycles of increasingly ambitious climate actions. In 2020, countries submitted Nationally Determined Contributions or “NDCs” that communicate actions that they will take to reduce greenhouse gas emissions to reach the goals of the Paris Agreement. In 2024, countries are to report on actions taken and results garnered. Global progress will be assessed in order to inform more ambitious goals and recommendations for the next five-year cycle beginning 2025. The purpose of the Paris Agreement is to add a framework of global collective responsibility and support. The Paris Agreement has already sparked new low-carbon solutions and markets. According to the UN, zero-carbon solutions could be competitive in sectors representing over 70% of global emissions by 2030. Does Bitcoin Have an Energy Problem? 6 Energy Production and Clean, Green, Renewable Bitcoin While Bitcoin’s energy consumption is certainly front of mind, we should consider that the goal of environmentally conscious investing and policy is not about energy consumption. Policing what people can spend energy on would be a complicated ideological battle rife with subjectivity. Instead, environmentally conscious investing is focused on increasing industry use and improving production of “green,” “clean” renewable energy. The goal of ambitious environmental projects and policy declarations, mostly notably the Paris Agreement (see sidebar), is to curtail or completely neutralize the emission of greenhouse gases, namely carbon, given their damaging effects on the environment. The use of coal and fossil fuels for energy production is a source for greenhouse gas emissions and, as a result, there has been a push to move towards renewable energy production as renewables do not emit greenhouse gases. The environmental pledges of some of the world’s largest companies reflect that reality. Their goals are to be “net carbon neutral” and, as such, the environmental investment thesis around Bitcoin should also focus on relative carbon emissions. While Bitcoin mining uses a substantial amount of energy, a good percentage comes from renewable energy. According to a 2020 study carried out by the CCAF, 39% of total energy for Bitcoin mining came from renewable sources in 2019 (compared to 28% in 2018) with 76% of miners using renewable sources as part of their energy mix. This upward trend and meaningful renewable energy penetration should be encouraging. The power sources reported by miners is shown on page 7.PDF Image | Does Bitcoin Have an Energy Problem
PDF Search Title:
Does Bitcoin Have an Energy ProblemOriginal File Name Searched:
Does-Bitcoin-Have-an-Energy-Problem.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com (Standard Web Page)