The nonlinear relationship between bitcoin mining and carbon emissions in the context of renewable energy
Küçük Resim Yok
Tarih
2023
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Emerald Group Publishing Ltd.
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This chapter presents an overview of the Bitcoin and its impacts on the environment and economics from the viewpoint of carrying out a systematic analysis of the literature related to the environmental and economic effect of digital currency. It is aimed to summarize and critically examine the points of view regarding Bitcoin mining, considering its effects on global warming and the social environment, employing peer-reviewed data associated through literatures. As a result, this study provides the chance to analyze the set of knowledge regarding the effects of the Bitcoin mining procedure on the ecosystem in regard to energy use and CO2 emissions regarding unit root tests and causality test based on nonlinear models. The results show that there exists a nonlinear causal relationship between statistics on Bitcoin mining and the CO2 emissions. The results also imply that Bitcoin remains to be a tool utilized in the economic environment for a range of objectives despite high energy consumption and some negative environmental impact within the scope of renewable energy; hence, authorities would take Bitcoin mining impacts into account to reduce CO2 emissions. © Ayyuce Memis Karatas, Emin Karatas, Ayhan Kapusuzoglu and Nildag Basak Ceylan.
Açıklama
Anahtar Kelimeler
Bitcoin mining, Carbon emission, Causality analysis, Clean energy, Energy economics, Environmental issues, Financial innovation, Green energy, Nonlinear relationship, Renewable energy
Kaynak
Renewable Energy Investments for Sustainable Business Projects
WoS Q Değeri
Scopus Q Değeri
N/A
