Environmental Impact of Euro Banknotes
Using euro banknotes for a year has a minimal carbon footprint, roughly equivalent to an 8 km car journey or 0.01% of an average person's annual carbon consumption, as per a study from European financial institutions.
- The study takes a comprehensive look at the life cycle of euro banknotes, considering stages from production to disposal, identifying ATM usage and transportation as major contributors to the environmental impact.
- Efforts have been made since 2004 to reduce this footprint, including the use of sustainable materials and improved energy efficiency in ATMs, achieving a 35% reduction in ATM-related environmental impact.
https://www.finextra.com/newsarticle/43416/how-sustainable-is-payment-by-cash
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2023-12-11 22:07:32
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npub1dwegu7taqadap2pzw6dszulc6r7gwmldawjpdrersuykxxlyzfeskds9g9Published at
2023-12-11 22:07:32Event JSON
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"content": "Environmental Impact of Euro Banknotes\n\nUsing euro banknotes for a year has a minimal carbon footprint, roughly equivalent to an 8 km car journey or 0.01% of an average person's annual carbon consumption, as per a study from European financial institutions.\n\n - The study takes a comprehensive look at the life cycle of euro banknotes, considering stages from production to disposal, identifying ATM usage and transportation as major contributors to the environmental impact.\n\n - Efforts have been made since 2004 to reduce this footprint, including the use of sustainable materials and improved energy efficiency in ATMs, achieving a 35% reduction in ATM-related environmental impact.\n\nhttps://www.finextra.com/newsarticle/43416/how-sustainable-is-payment-by-cash",
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