According to Shafik Hebous, deputy division chief of the IMF's Fiscal Affairs Department, and Nate Vernon-Lin, an economist in the climate policy division, a tax of $0.047 per kilowatt hour could push the crypto mining sector to reduce its emissions to meet global targets.
If they take into account the health effects of mining in local areas, that tax could jump to $0.089 per kilowatt hour, they indicated.
Just a heads up, these would be additional TAXES on top of what miners already pay for electricity.
Who the fuck cares?
The IMF has zero input or power to control what countries charge for electricity much less setting taxes depending on what it is used for.
obviously the IMF execs care. And I care. One of the problems with bitcoin is people who don't care about its environmental impact.
A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgiums emissions, say two IMF executives.
I think we should all be in favor of a tax of on bitcoin mining.
Did you even read the article?
However, they said there would need to be global coordination on the tax as stricter measures in one location could encourage relocation to jurisdictions with lower standards.
obviously its something that the governments of the world need to work together on. it really benefits everyone. so why not. the only people that would be against such a taxing scheme are people that don't care about the environment. that's what i think anyway.
coal power plants exist for the same reason that nuclear power plants exist. to produce power to power peoples' homes and businesses. legitimate businesses though not something imaginary like digital assets.
think of the tax as a way of discouraging people from getting into bitcoin mining in the first place. it's not that they are looking for new revenue, they're trying to discourage people from doing mining since as we all know, mining drives up retail rates. which is not good for consumers.