According to Odaily Planet Daily, the International Monetary Fund (IMF) published a blog post this week highlighting the environmental challenges posed by crypto mining and artificial intelligence data centers, pointing out that these areas already account for 2% of global electricity consumption.
According to the International Energy Agency, this proportion could climb to 3.5% within three years. The report warns that this increased energy use could bring crypto mining's contribution to global carbon emissions to 0.7% by 2027.
Extending the analysis to data centers suggests that carbon emissions from these sectors could reach 450 million tonnes by 2027, or 1.2% of the world’s total.
To address this problem, the IMF proposed targeted electricity taxes, and a direct tax of $0.047 per kilowatt-hour would drive the cryptocurrency mining industry to reduce emissions. However, critics believe that these taxes could seriously hinder the development of the crypto industry.
