Why we exist  

Bitcoin consumes a lot of electricity. The only pragmatic way to mitigate Bitcoin’s climate impact is to make the Bitcoin mining industry an active partner in global decarbonization. This means:
Locating mining facilities in places with abundant clean energy
Using energy procurement tools to increase development and utilization of clean generation resources
Discontinuing fossil fuel use - especially reviving and/or delaying retirement of fossil fuel facilities 
Supporting the grid with demand flexibility that facilitates the integration of more renewables

The good news

is that the climate implications of Bitcoin are almost entirely the result of electricity consumption, and globally clean energy solutions are becoming cheaper and more plentiful every day.

The bad news

is that efforts to standardize clean energy procurement practices and drive collective action across the Bitcoin mining sector are siloed and inconsistent. While trade groups, governments, and thought leaders have created custom decarbonization roadmaps for other electricity-intensive industries, they have largely ignored Bitcoin, creating a negative feedback loop where climate-conscious miners are left to forge their own paths.

Green Proofs for Bitcoin is a first-of-its-kind initiative to showcase Bitcoin miners taking action towards these goals.

By delivering transparency and consistent metrics, we drive ROI for companies mining sustainably, creating a virtuous cycle where clean mining is easier to define, pursue, and monetize.
Our goal is to make sustainable Bitcoin mining ubiquitous and to make the Bitcoin industry an accelerator of the clean energy transition.

About Energy Web

Energy Web is an independent nonprofit accelerating the global energy transition by developing open-source software solutions that help companies unlock business value from clean and distributed energy resources. Since 2017, we’ve partnered with utilities, grid operators, renewable energy developers, and corporate energy buyers to pioneer blockchain-based solutions to shared sustainability challenges. In 2021, we co-founded the Crypto Climate Accord (alongside nonprofits RMI and AIR) to make the crypto industry a sustainability leader. Green Proofs for Bitcoin builds on these efforts and leverages our unique blend of energy sector and Web3 expertise, as well as our proven consortium-building and corporate engagement experience, to further our mission.
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What’s next? 

Energy Web will grow the impact of GP4BTC in 2023 with a focus on the following areas: 

Industry Engagement

Helping crypto market participants (institutional investors, payment processors, pools, exchanges, etc) reference  the Green Proofs for Bitcoin miner registry via API and other methods in connection with new programs and products. 

Features and Functionality

Continuing to enhance the GP4BTC certification platform and registry with support for multiple auditors and additional sustainability metrics.

Methodology

Developing 2024 participation criteria, with a focus on demand flexibility and emerging sustainability approaches such as 24x7 carbon free electricity and waste gas capture. 
Green Proofs for Bitcoin is a first-of-its-kind initiative to showcase Bitcoin miners taking action on climate goals. By delivering transparency and consistent metrics, we drive ROI for companies mining sustainably, creating a virtuous cycle where clean mining is easier to define, pursue, and monetize. Our goal is to make sustainable Bitcoin mining ubiquitous and to make the Bitcoin industry an accelerator of the clean energy transition.
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Energy Web is incorporated in Zug, Switzerland