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Bitcoin, energy use and climate change : Global perspectives on cryptoasset mining and its environmental impacts

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Book

Artiga, César ; López, Meraris

Friedrich-Ebert-Stiftung, San Salvador

Friedrich-Ebert-Stiftung - San Salvador

2021

9 p.

climate change ; environmental impact assessment ; digital economy ; digitalisation ; payment system ; financial system ; energy expenditure

international

Financing and monetary policy

http://library.fes.de/pdf-files/bueros/fesamcentral/18741.pdf

English

"Bitcoin mining is not a virtual or invisible enemy of the environment at all, but rather, it is essentially an unavoidable reality, since it attempts against environmental integrity in all areas and at all levels. The energy consumption of Bitcoin deepens the inequality gap with respect to access to energy as a human right and imposes, again, a rationale of commodification of nature. The burden imposed on the planet by keeping an eminently extractive technology in operation for a precision game where few win and all humanity loses, proves that the path is wrong."

Digital



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