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IMF economists propose introducing electricity tax to reduce environmental impact of crypto and AI
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IMF economists propose introducing electricity tax to reduce environmental impact of crypto and AI

IMF economists propose introducing electricity tax to reduce environmental impact of crypto and AIEconomists at the International Monetary Fund (IMF) have warned of the environmental impact of crypto mining and AI data centers, which are expected to increase global electricity consumption by 3.5% by 2027, leading to higher carbon emissions. The authors propose a targeted electricity tax and estimate a potential reduction in emissions of 100 million tons per year, while (…)