The Impact of Proof of Stake on the Environment

The United Nations climate talks in Egypt produced an unprecedented agreement for rich nations to pay for loss and damage from climate disasters in poor countries. But no money has been provided yet to stricken nations and many details still need to be worked out. And COP27 added no new brakes to keep the Earth from hurtling past the 1.5 degrees Celsius warming target of the Paris Agreement. 

Also, cryptocurrencies like Bitcoin typically involve massive amounts of computation needing lots of energy that’s mostly sourced from burning fossil fuels. But now there’s a far more efficient way to earn new coins if cryptocurrency managers decide to adopt it.

--

Join the next Living on Earth Book Club event on November 28th at 4:00 p.m. ET! We'll be speaking with acclaimed author Amitav Ghosh about his book 'The Nutmeg's Curse: Parables for a Planet in Peril,' which uses the haunting history of how nutmeg became a staple of the spice rack to reveal how colonialism and the commodification of the Earth’s resources has led us to the climatic tipping points and global crises we face today. Register at loe.org/events

Learn more about your ad choices. Visit megaphone.fm/adchoices