The European Commission (EC) has faced criticism from the crypto community over its proposed approach to calculating and mitigating Bitcoin’s “environmental” impact.
Daniel Batten, co-founder of CH4 Capital, expressed concern that the European Commission’s approach could lead to a mining ban in the EU and have a profound impact on the global Bitcoin community. Batten believes that the proposed metric is “unscientific” and ignores Bitcoin’s positive environmental externalities.
Bitcoin environmental impact methodology questioned
Daniel Batten said the approach proposed by the European Commission includes measuring the resource consumption of crypto assets “per transaction” and relying on reports of financial support from central banks and other entities to assess Bitcoin’s environmental impact.