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