ECB assesses environmental footprint of liquidity and sees room for improvement
In Europe, THE environmental footprint of Bank notes East tiny compared with has cryptos, but crypto has benefits of It is clean.
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THE European Central Bank (ECB) has taken A look has THE environmental impact of using Bank notes And discovered 16 environmental impact categories. As with cryptocurrency, energy efficiency was A major problem.
Bank notes continue has be THE most common form of payment has points of sale In THE eurozone. THE to use of species requires A elaborate physical Infrastructure For It is production, distribution And possible retirement.
A few
of
THE
initial
Components
of
Bank note
production
that
to have
A
environmental
impact.
Source:
ECB Energy to use by ATMs was THE the biggest donor has Bank notes environmental footprint has 37%, follow up by transportation (35%). THE stay was down has treatment, paper manufacturing, authentication And a lot other not. THE ECB began efforts has reduce THE environmental impact of Bank notes In 2004. According to has THE ECB report:
"THE energy consumption of ATMs, For example, has Already fallen by 35% between 2004 And 2019, even However ATMs to have significantly increase In number. We are Also look In further reduce THE impact of transportation. »
Using European Commission Product Environmental Footprint (FEP) methodology, THE study concluded that species use by each citizen In THE eurozone annually on average 101 microtips, comparable has conduct A car 8 kilometers (4.6 kilometers). THE total average impact of A citizen of THE European union was just on 1 million microtips, equivalent has conduct A car around THE Earth twice. Those calculations were base on information For 2019.
Related:
In Europe, THE environmental footprint of Bank notes East tiny compared with has cryptos, but crypto has benefits of It is clean.
News
Join
We
on
social
networks
THE European Central Bank (ECB) has taken A look has THE environmental impact of using Bank notes And discovered 16 environmental impact categories. As with cryptocurrency, energy efficiency was A major problem.
Bank notes continue has be THE most common form of payment has points of sale In THE eurozone. THE to use of species requires A elaborate physical Infrastructure For It is production, distribution And possible retirement.
A few
of
THE
initial
Components
of
Bank note
production
that
to have
A
environmental
impact.
Source:
ECB Energy to use by ATMs was THE the biggest donor has Bank notes environmental footprint has 37%, follow up by transportation (35%). THE stay was down has treatment, paper manufacturing, authentication And a lot other not. THE ECB began efforts has reduce THE environmental impact of Bank notes In 2004. According to has THE ECB report:
"THE energy consumption of ATMs, For example, has Already fallen by 35% between 2004 And 2019, even However ATMs to have significantly increase In number. We are Also look In further reduce THE impact of transportation. »
Using European Commission Product Environmental Footprint (FEP) methodology, THE study concluded that species use by each citizen In THE eurozone annually on average 101 microtips, comparable has conduct A car 8 kilometers (4.6 kilometers). THE total average impact of A citizen of THE European union was just on 1 million microtips, equivalent has conduct A car around THE Earth twice. Those calculations were base on information For 2019.
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