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:

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.

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.

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.