Bitcoin’s Environmental Impact: Examining Carbon Emission Patterns Through Price and Volume Dynamics
Year: 2025
Type: article
Abstract: We investigate the impact of bitcoin’s price and trading volume on its electricity consumption, carbon emissions, and emission intensity using a Granger causality approach. The findings reveal a strong relationship between bitcoin’s price and trading volume with power consumption and carbon emissions. The analysis highlights both long- and short-term relationships, while indicating that carbon emission intensity is less affected. The results of the study underscore the urgency of addressing bitcoin’s carbon footprint for a sustainable future.
Source: Energy RESEARCH LETTERS
DOI: 10.46557/001c.151204
Authors: Charumathi Balakrishnan, Habeebu Rahman
Institution: Pondicherry University
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
SDG: Climate action
Open Access status: diamond
OpenAlex ID: W4417525439