Rhode Island proposes crypto rewards for green home builders

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Rhode Island proposes crypto rewards for green home builders
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Your love for the environment could reward you. A bill was proposed in Rhode Island's House of Representatives that would credit a house builder in a 'green coin' cryptocurrency for reducing the project's carbon footprint.

A bill was proposed in Rhode Island’s House of Representatives that would credit a house builder in a “green coin” cryptocurrency for reducing the project’s carbon footprint.the state’s public utility commission to issue annual reports on the utility costs and carbon emissions of a housing project. If the project has been able to reduce its utility costs, the state will award a cryptocurrency credit to the property owner.

Funds for the initiative would come from $500 million in donations from local private banks and $125 million from the state which would be known as the “Green Housing Fund.” “Immediate action to develop housing using green site standards is imperative to ensure 3 compliance with the goals established by the Act on Climate.”

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