14-11-2024 16:07 via theguardian.com

Cop29 live: solidarity levy on cryptocurrency could raise billions for climate action, says report

Charging $0.045 per kWh for energy used in intensive bitcoin mining could produce $5bn for the climate crisis, says Global Solidarity Levies taskforceJosh Gabbatiss, from Carbon Brief has published an update on social media about where negotiations at Cop29 have got to.You may have seen talk of new texts about the climate finance negotiations doing the rounds.These proposals have been produced by the co-chairs and circulated among negotiators and civil society observers, but for some reason they
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