π¨ IMF calls for 85% electricity tax hike for cryptocurrency miners, AI data centers.
They estimate the environmental impact of crypto and AI at 2% of global electricity consumption and nearly 1% of global carbon emissions.
According to them, increasing electricity taxes for crypto miners could reduce global emissions while bringing in billions of dollars in revenue for governments.
"Such a levy would increase annual public revenues by $5 .2 billion worldwide and reduce annual emissions by 100 million tonnes around Belgium's current emissions."
For AI data centers, a targeted tax on their electricity consumption should be set at.032 per kilowatt-hour, or.052.
βItβs slightly lower than crypto because data centers tend to be in places with greener electricity. That could bring in as much as $18 billion a year.β
They estimate the environmental impact of crypto and AI at 2% of global electricity consumption and nearly 1% of global carbon emissions.
According to them, increasing electricity taxes for crypto miners could reduce global emissions while bringing in billions of dollars in revenue for governments.
"Such a levy would increase annual public revenues by $5 .2 billion worldwide and reduce annual emissions by 100 million tonnes around Belgium's current emissions."
For AI data centers, a targeted tax on their electricity consumption should be set at.032 per kilowatt-hour, or.052.
βItβs slightly lower than crypto because data centers tend to be in places with greener electricity. That could bring in as much as $18 billion a year.β
1 month ago
