Inner Mongolia, an autonomous region in northern China, is planning to shut down all cryptocurrency mining activities in the area by April 2021, as part of efforts to improve energy efficiency.
Regulating the Electrical Consumption in Inner Mongolia
The government of Inner Mongolia will also stop approving new projects in energy-intensive industries such as steel and coke production, Reuters reported on Mar. 1, citing a draft policy to regulate energy consumption in the region.
Chinese journalist “Wu Blockchain” tweeted that the decision might be due to China’s need to meet its carbon emissions commitments under the U.N. climate change treaty. Much of the energy produced in Inner Mongolia is coal-based, a major source of climate-changing greenhouse gas emissions. China, the world’s second-largest polluter after the U.S., aims to achieve carbon-neutrality by 2060.
Together with the likes of Sichuan and Xinjiang provinces, Inner…