Bitcoin’s Carbon Footprint, Big Oil “Greenwashing”, COP15 Underway & More – Weekly News

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1. The Great Barrier Reef which is the world’s biggest coral reef system situated off the coast of Australia’s Queensland is added to the world heritage site in ‘danger’. Due to increase in water temperature the coral growth has stunted and it affects their reproduction. Frequent bleaching has made many reefs sterile. IUCN and UNESCO say that management lacks clear climate change goals.

2. Delhi’s air pollution is not only caused due to stubble burning alone but there are many factors to be addressed. It has become a hazard and a health crisis. India reports 2.5m air pollution related deaths annually. CAQM was formed and gave the same orders as ministry and environment pollution (prevention and control) remained ineffective in bringing a remedy.

3. Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems. The process seems profitable, but it causes a lot of harm to the environment due to the use of immense energy.  Data tells us, carbon emissions for mining a single bitcoin rose from 0.9 tons in 2016 to 113 tons in 2021

4. After the government approved the first new coalmine to be drilled in the UK in three decades, activists in Cumbria are preparing protests. As local resistance to the plan gains momentum, opponents of the mine are scheduled to assemble in Penrith on Friday and at the mine’s location near Whitehaven on Saturday.

5. The COP15 summit, which is currently underway, was delayed by two years due to Covid and recent pre-negotiations that lasted many days but made little headway on important topics. UN leader Antonio Guterres stated at the start of the negotiations that will create a 10-year plan to protect the world’s forests, oceans, and wildlife that “with our bottomless appetite for unchecked and unequal economic growth, humanity has become a weapon of mass extinction.”

6.By hiding their long-term investments in fossil fuels, an American congressional committee has charged oil companies with “disinformation” and “lying” about their efforts to combat climate change. According to the House Oversight Committee on Friday, the oil companies were participating in “greenwashing” rather than implementing their public commitments to decrease emissions.

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