G7 says retail CBDC networks should be carbon neutral

Group of Seven outlines 13 retail CBDC principles in new report

carbon-tree

Central bank digital currency networks should look to use “carbon neutral or sustainable energy sources”, according to a report from the Group of Seven.

On October 13, G7 finance ministries and central banks published 13 policy principles for retail CBDCs.

Key among them was the need for CBDCs to support a transition to a “net zero” economy. CBDCs present an opportunity to “set a marker” for how future payment and settlement systems are designed for “optimal energy efficiency”, the G7 said.

T

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.