The New York State Assembly voted to pass a bill that will essentially freeze current levels of crypto mining carbon emissions until the state can act on a comprehensive impact study.
The bill passed with a vote tally of 95 in favor and 52 against. It aims to impose a two-year moratorium, specifically preventing new permits from being issued to carbon-based fueled proof-of-work mining operations that use behind-the-meter energy. Additionally, already established sites planning to increase the amount of energy consumed would not be able to get a permit renewal.
Democratic Assemblymember Anna Kelles, the main sponsor of the bill, said its goal was to ensure that the state meets measures set by New York’s Climate Leadership and Community Protection Act (CLCPA), which was passed in 2019. The Assembly is the lower chamber of the New York State Legislature.
The bill also tasks the Department of Environmental Conservation (DEC) with conducting a General Environmental Impact Statement on
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