Climate uncertainty effects on bitcoin ecological footprint through cryptocurrency environmental attention

Wissal Zribi, Talel Boufateh and Khaled Guesmi

Finance Research Letters, 2023, vol. 58, issue PD

Abstract: In this study, we investigate the dynamic relationship between physical climate risks and Bitcoin's energy consumption and carbon footprint, focusing on cryptocurrency environmental performance. Our research represents the first endeavor to examine the predictive role of natural disasters and global warming in shaping cryptocurrency environmental attention and Bitcoin's ecological footprint, utilizing the Bayesian TVP-SVAR-SV model. The results reveal a significant increase in Bitcoin's energy usage before 2018 and emphasize the crucial impact of cryptocurrency environmental attention in mitigating Bitcoin's carbon and energy footprint. These findings carry substantial policy implications for both investors and policymakers.

Keywords: Climate physical risks; TVP-SVAR-SV; Cryptocurrency environmental attention; Bitcoin energy consumption; Bitcoin carbon footprint (search for similar items in EconPapers)
JEL-codes: C11 G40 Q51 Q54 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S154461232300956X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pd:s154461232300956x

DOI: 10.1016/j.frl.2023.104584

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().