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ARTICLE · 23 SEPTEMBER 2022

Crypto-Assets And Climate Change – It's Complicated

Hogan Lovells Cadwalader
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Third, the Report also finds that there are broad and various uses of DLT in environmental markets, better resource coordination and supply chain management.

United StatesTechnology
Peter Y. Malyshev
Peter Y. Malyshev
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On September 8, the White House published a report ("Climate-Crypto Report") on Climate and Energy Implications of Crypto-Assets in the United States, which was followed by a detailed Fact Sheet summarizing the findings in the report. The Climate-Crypto Report was prepared following President Biden's March 9, 2022 Executive Order 1407 that mandated examination of distributed ledger technologies' ("DLT") impact on energy transactions and ultimately on the environment.

The Climate-Crypto Report addressed four questions: (1) how digital assets affect energy usage and grid management? (2) what is the scale of climate, energy and environmental impacts of digital assets? (3) what are potential uses of DLT that could support climate monitoring? and (4) what critical policy decisions, innovation and research are needed to mitigate the environmental impact of digital assets?

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