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Local weather Legislation Weblog » Weblog Archive » New Sabin Middle White Paper Assesses the New York State Govt Department’s Authority to Enact a Moratorium on the Allowing of Consolidated Proof-of-Work Cryptocurrency Mining Services

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By Jacob Elkin

As cryptocurrency has elevated in reputation and cryptocurrency mining amenities have expanded their vitality consumption, some fossil gasoline energy crops in New York have ramped up vitality technology to offer behind-the-meter energy to cryptocurrency miners. Elevated energy technology to gasoline cryptocurrency mining has vital environmental impacts, resulting in greenhouses gasoline emissions which will threaten the state’s emission discount targets. Native governments throughout New York have responded with moratoria on the siting of recent cryptocurrency mining amenities, and payments have been launched within the New York State Senate and the New York State Meeting to ascertain a three-year moratorium on new or renewed permits for electrical producing amenities that make the most of carbon-based fuels and that present behind-the-meter electrical vitality to proof-of-work mining amenities.

In a white paper revealed right now, the Sabin Middle for Local weather Change Legislation argues that the New York State Govt Department at the moment has authorized authority beneath the State Environmental High quality Evaluate Act and the Neighborhood Safety and Local weather Management Act to pause the allowing of such amenities whereas the Division of Environmental Conservation analyzes the amenities’ impacts via a generic environmental affect assertion. Along with analyzing the statutory bases for such a moratorium, the white paper assesses potential authorized challenges which may be introduced in response to it, concluding that these challenges wouldn’t carry significantly sturdy authorized weight. The white paper additionally notes {that a} state allowing moratorium would seemingly not attain mining amenities that obtain all of their vitality from the grid; the paper outlines potential legislative approaches to initiating state regulation of these amenities, together with related coverage concerns.

The white paper was written by Local weather Legislation Fellow Jacob Elkin. Learn the white paper here.

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