Pi Network is implementing an environmentally focused strategy in alignment with UN climate change goals.
Alignment of Pi Network with UN Goals
The UN's Paris Agreement aims to limit global warming to below 2°C, preferably 1.5°C. Pi Network, utilizing the Stellar Consensus Protocol (SCP), ensures minimal energy consumption in mining coins via smartphones, significantly reducing carbon emissions.
Impact of Crypto Mining on Climate Change
Crypto mining requires massive electricity, potentially increasing the carbon footprint and straining local power systems. In 2023, the UN reported that 'Bitcoin mining heavily relies on fossil energy sources, with coal accounting for 45% of Bitcoin’s energy supply mix.'
UN Goals for 2050
The UN's targets for reducing greenhouse gas emissions by 45% by 2030 and fully implementing goals by 2050 originated from the Paris Agreement signed in 2015. New blockchain platforms like Pi Network offer sustainable alternatives to meet ecological standards.
Pi Network demonstrates how modern cryptocurrency technologies can align with environmental responsibility, minimizing their impact on the ecosystem.
