COP28 Opens Amidst Conflicts of Interest and Struggles to Set Binding Climate Targets; Bitcoin Presence Signals Shifting Attitudes
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COP28 climate change conference kicks off, but previous conferences have failed to set binding emission targets and timetables. Host UAE has conflicts of interest as a major oil producer.
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Governments are struggling to balance emission reductions with voter support and economic realities. Recent elections show climate measures can prompt voter backlash.
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Bitcoin mining can support renewable energy investment by serving as a flexible power consumer. It can also help capture methane emissions from fossil fuel production.
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Bitcoin has an official delegation at COP28, marking a shift in perceptions from environmental threat to potential solution.
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Bitcoin technology and potential are still early and misunderstood, but presence at COP28 signals meaningful progress in recognition.