Low Ambition Climate Summit, Breakthrough for Loss and Damage, Cleaning Up Crypto and more

The United Nations climate talks in Egypt produced an unprecedented agreement for rich nations to pay for loss and damage from climate disasters in poor countries. But no money has been provided yet to stricken nations and many details still need to be worked out. And COP27 added no new brakes to keep the Earth from hurtling past the 1.5 degrees Celsius warming target of the Paris Agreement. Also, cryptocurrencies like Bitcoin typically involve massive amounts of computation needing lots of energy that’s mostly sourced from burning fossil fuels. But now there’s a far more efficient way to earn new coins if cryptocurrency managers decide to adopt it.