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 taskforce

Josh 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 are not being published on the UNFCCC website.

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

Topics

Related

Climate action in fossil fuel sector has ‘stalled’, says report

Countries Weigh How to Raise Trillions for Climate Crisis at COP29

Cop29 live updates: Carbon credit trade rules approved, breaking lengthy deadlock

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