Wind generated 36pc of Ireland’s electricity in January
Wind energy is a major part of Ireland’s strategy to reduce emissions and ensure a secure, indigenous supply of energy.
Read more: Wind generated 36pc of Ireland’s electricity in January
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Wind energy is a major part of Ireland’s strategy to reduce emissions and ensure a secure, indigenous supply of energy.
Read more: Wind generated 36pc of Ireland’s electricity in January
Wind energy is a major part of Ireland’s strategy to reduce emissions and ensure a secure, indigenous supply of energy.
Read more: Wind generated 36pc of Ireland’s electricity in January
Crypto mining has “negative spillovers on the environment,” the White House continued, and the pollution it generates “falls disproportionately on low-income neighborhoods and communities of color.” It added that the operations’ “often volatile power consumption ” can raise electricity prices for the people around them and cause service interruptions. Further, local power companies are taking a risk if they decide to upgrade their equipment to make their service more stable, since miners can easily move away to another location, even abroad. As Yahoo News noted, there are other industries, such as steel manufacturing, that also use large amounts of electricity but aren’t taxed for their energy consumption. In its post, the administration said that cryptomining “does not generate the local and national economic benefits typically associated with businesses using similar amounts of electricity.”
Critics believe that the government made this proposal to go after and harm an industry it doesn’t support. A Forbes report also suggested that DAME may not be the best solution for the issue, and that taxing the industry’s greenhouse gas emissions might be a better alternative. That could encourage mining firms not just to minimize energy use, but also to find cleaner sources of power. It might be difficult to convince the administration to go down that route, though: In its blog post, it said that the “environmental impacts of cryptomining exist even when miners use existing clean power.” Apparently, mining operations in communities with hydropower have been observed to reduce the amount of clean power available for use by others. That leads to higher prices and to even higher consumption of electricity from non-clean sources. “If the proposal ever becomes a law, the government would impose the excise tax in phases,” adds Engadget. “It would start by adding a 10 percent tax on miners’ electricity use in the first year, 20 percent in the second and then 30 percent from the third year onwards.”
Read more of this story at Slashdot.
Read more of this story at Slashdot.
Keeping coal and gas power plants alive while purporting to tackle climate change will likely make electricity more expensive for consumers, a new analysis warns. Fossil fuel companies have been eager to deploy technologies that filter planet-heating carbon dioxide out of power plant emissions. But relying on the technology, called carbon capture and storage (CCS), is a risky venture and consumers are likely to bear the costs.
The cost of electricity from power plants outfitted with carbon capture devices is at least 1.5 to 2 times more expensive than other alternatives, according to a new report from the nonprofit Institute for Energy Economics and Financial Analysis (IEEFA). It’s much more affordable to turn to renewable energy like…