International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing a targeted electricity tax, the authors estimate a potential reduction in emissions by 100 million tons annually, while generating […]
Source: https://news.bitcoin.com/imf-economists-suggest-electricity-tax-to-lower-crypto-and-ai-environmental-impact/