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Crypto And AI Data Centers Face Possible Emissions Fees In New Climate Crackdown

  • Senate Democrats have proposed new legislation that would charge fees on data centers and cryptocurrency mining operations that surpass federal emissions standards.
  • The bill, known as the 'Clean Cloud Act,' aims to lower the carbon footprint of data facilities and crypto mining operations.
  • The proposed legislation would have the Environmental Protection Agency develop emissions standards for large data centers, with penalties starting at $20 per ton of carbon dioxide equivalent emissions that exceed the limits.
  • Data centers could account for up to 12% of the total US power demand by 2028, and the power demands from crypto miners and data centers are outpacing the growth of carbon-free electricity.

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