EU opens €800,000 euro tender for crypto climate study
The European Commission has opened a €800,000 tender for research based on the crypto environmental impact. The tender will close on Nov. 10 and successful bidders will conduct the study for 13 months. The goal is to develop potential standards following the EU policies to tackle the impact of crypto on environmental issues and climate change. The European Commission is concerned about the negative impact that crypto mining could have related to excessive power consumption. You might also like: European Commission could raise $2.5bn in crypto taxes The tender document states: “The increasing demand for crypto -assets and expansion of crypto -mining, including within the EU, could undermine EU’s efforts to achieve its climate and sustainability goals, in line with the Paris Agreement. The action aims at enhancing the EU capacity to assess and mitigate the impact of crypto -mining and develop specific sustainability standards.” The research will ai...