One of the world’s leading accounting firms has endorsed Bitcoin’s Environmental, social, and corporate governance (ESG) properties in a new report. The energy consumption debate rages on, but the bottom line is Bitcoin is getting greener.
International multinational professional services firm KPMG has just released a report on “Bitcoin’s role in the ESG imperative.”
Bitcoin ESG Improving
The accounting giant has provided a report which offers an overview of Bitcoin’s environmental, social, and governance (ESG) impact and opportunities. “Despite Bitcoin’s continued adoption, it continues to be a misunderstood technology and asset class,” it stated.
On the environmental side, the report acknowledges concerns over Bitcoin’s energy use for mining. However, it highlights strategies miners are using to lower emissions, like tapping renewable energy sources and recycling waste heat.
Bitcoin’s energy usage is not…
