Commission Decision C(2023) 4792 of 19 July 2023 on financing the implementation of the preparatory action on “Developing a methodology and sustainability standards for mitigating the environmental impact of crypto-assets” and adopting the work programme

The European Union’s annual budget for the financial year 2023, included a provision of EUR 800 000 for the implementation of a preparatory action intended to develop a methodology to measure the climate and environmental impact of the consensus mechanisms used by crypto-assets and to assess the feasibility of establishing environmental sustainability standards for crypto-assets with a view to the adoption of future legislative action in the area of crypto-asset financial regulation. Commission Decision C(2023)4792 and the annex thereto act as the necessary financing Decision and work programme for the implementation of this preparatory action.