G7 says retail CBDC networks should be carbon neutral

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.

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