PEi Connect provides a brief look at what got our attention during the week (3-10 June), and first up we focus on El Salvador’s plan to use volcanic geothermal as a clean energy source to mine Bitcoin.
El Salvador has become the first country in the world to officially adopt Bitcoin as the legal tender. The country has said that it will mine the cryptocurrency using geothermal energy from its volcanoes. President Nayib Bukele said that the country’s engineers have dug a new well that will provide around 95MW of 100% clean and zero emissions geothermal energy from the volcano. Why is this important? Read this insightful article from IRENA.
Our engineers just informed me that they dug a new well, that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos 🌋 Starting to design a full #Bitcoin mining hub around it. What you see coming out of the well is pure water vapor 🇸🇻 pic.twitter.com/SVph4BEW1L
New measures will require businesses to commit to net zero by 2050 and publish clear and credible carbon reduction plans before they can bid for major government contracts. The measures announced on World Environment Day (June 5), make the UK government the first in the world to put this requirement in place. Read more about these new rules.