The International Monetary Fund (IMF) has recently called for a tax of 85% on energy used by crypto miners due to environmental impact.
The plan, which is intended to limit CO2 emissions, has garnered much opposition from business executives. Critics have pointed out that the IMF’s report fails to consider the progress that has been made by the cryptocurrency industry in adopting sustainable energy sources.
IMF Advocates for Higher Energy Taxes to Curb Emissions
According to the IMF’s report, the government should impose a tax of $0. 047 per kilowatt-hour on crypto miners to promote better energy efficiency and therefore more sustainable mining practices.
This rate could increase to $0. 089 when accounting for local air pollution, which is a price rise of 85% in electricity for miners. According to the IMF, this tax may yield $5. 2 billion in revenues worldwide and cut its annual emissions by 100 million tons.
However, the proposal also suggests a slightly lower tax
We współpracy z: https://www.thecoinrepublic.com/2024/08/19/crypto-miners-criticize-imfs-electricity-tax-increase-proposal/
