Home CryptoBitcoin GBITS Crypto Sustainability Statement


GBITS is well aware that addressing sustainability in fintech and crypto is more important than ever.

As cryptocurrency becomes increasingly mainstream with more financial institutions, companies and individual investors racing to leverage this technology energy consumption has accelerated to already unsustainable levels, but not at GBITS.

GBITS is a no-mining crypto there are 5m there will always be 5m, as we develop new crypto’s and new services it will be done with a strong focus on

GBITS also pledged to achieve carbon net zero by 2027 or sooner. 

Today, we’re excited to announce the next step in GBITS’s sustainability journey: our commitment to the Crypto Climate Accord (CCA) — a new initiative organized by EW, RMI and the Alliance for Innovation Regulation (AIR) to make the cryptocurrency industry 100% renewable. 

GBITS is joining over dozens of supporters across different industries and blockchains, including the United Nations, CoinShares, Compass Mining, the XRP Ledger Foundation and ConsenSys to ensure that the crypto industry comes together to develop solutions that enhance sustainability, scalability and create value for all.

Ensuring a Sustainable Future, Together

The crypto market cap is nearly $2 trillion today, double the previous all time high, reached just three months ago, underscoring how quickly this industry is growing.

But this comes at a cost. Globally, the damages from climate change will amount to almost 3% of GDP by 2060. Herein lies the crux of the challenge moving forward: how can both the environment and global finance prosper without negatively impacting one another? 

It starts with companies across the spectrum of finance coming together to address and prioritize emissions reduction and renewable energy use. In an industry known for innovation and rapid change, these should be solvable challenges. With the CCA, the crypto and blockchain community has taken a huge step in the right direction. 

Inspired by the Paris Climate Accord, fintech and crypto industry leaders have partnered to launch the Crypto Climate Accord, a private sector-led initiative focused on decarbonizing cryptocurrencies to ensure the global financial system is less harmful and more sustainable.

Key objectives of the Accord include:

  • Enable all of the world’s blockchains to be powered by 100% renewables by the 2025 UNFCCC COP Conference
  • Develop an open-source accounting standard for measuring emissions from the cryptocurrency industry
  • Achieve net-zero emissions for the entire crypto industry, including all business operations beyond blockchain and retroactive emissions by 2040

You may also like


Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.