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BS. If all that mining capacity is sitting in Kazakhstan they will most probably not import energy from renewables in Norway or sth. like that. Their energy mi
by martin_a 5y ago
BS.
If all that mining capacity is sitting in Kazakhstan they will most probably not import energy from renewables in Norway or sth. like that. Their energy mix is/was 99% fossils in 2019 [0], they can't change it that quick.
[0] https://www.iea.org/countries/Kazakhstan https://www.iea.org/countries/Kazakhstan
- vmception 5y agoIts an energy mix. One country isn’t the whole network. Any country that subsidized electricity distorts the whole market there. The best approach to this consternation about mining energy use is vigilance in ensuring miners use captured and renewable energy. If there are subsidies or if governments get directly involved in trying to control the network that’s when it distorts the market forces. It’s sad that this discussion is currently limited to simply not being willing to accept that captured energy has always existed and is being utilized by miners as a significant energy source on the network. Energy that would only have been used to pollute the atmosphere but now is not.