(2) and now look how this EU Action Plan is implemented and preparing the legal justification for a statements, such as:
🔸„States shall implement targeted and proportionate measures to lower, and must be ready to stop, the electricity consumption of crypto-asset miners, in line with the proposed Council Regulation on an emergency intervention to address high energy prices.”
and
🔸„The EC wants to “collaborate internationally with different standardization bodies to develop the energy-efficiency label.”
To make it happen, the European Commission proposed 800 k euros for three announced tender in Sept 2023 to develop „a methodology and sustainability standards to calculate and mitigate the environmental impact of crypto-assets and their consensus mechanisms”:
https://ted.europa.eu/udl?uri=TED:NOTICE:577973-2023:TEXT:EN:HTML
The scope of the tender describes :
“there is evidence that crypto-assets can cause significant harm on the climate and environment and generate negative economic and social externalities, depending on the consensus mechanism used to validate transaction” and shows that the EU asserts that Bitcoin mining “could undermine EU's efforts to achieve its climate and sustainability goals, in line with the Paris Agreement.”
