Digital Currencies Challenges for Green Economy in Poland

Robert Dygas ()
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Robert Dygas: SGH Warsaw School of Economics

Chapter Chapter 12 in Digital Currencies and the Green Economy, 2025, pp 261-277 from Springer

Abstract: Abstract The transition to a green economy in Poland faces numerous challenges, and the adoption of digital currencies adds complexity to this process. While digital currencies like cryptocurrencies offer potential benefits, such as fostering innovation in green financing and reducing transaction costs, they also pose significant hurdles for environmental sustainability. One major challenge is the energy-intensive nature of some cryptocurrencies, particularly those relying on Proof-of-Work mechanisms, like BitcoinBitcoin. Poland, where coal is still a dominant energy source, could face increased carbon emissions if cryptocurrency mining expands without adequate renewable energy infrastructure. This undermines the country’s climate goals and green transition efforts. Additionally, the lack of regulatory clarity around digital currencies poses economic risks. Unregulated or poorly regulated digital currencies can increase financial instability, complicating green investments and stalling efforts to finance eco-friendly projects. Another challenge lies in ensuring the inclusivity of digital currencies within Poland’s green economy. Digital currencies could widen the gap between tech-savvy urban populations and rural communities, which may have less access to digital infrastructure. This digital divide could hamper the broader adoption of green technologies, which rely on accessible, inclusive financial systems. To address these challenges, Poland will need to develop comprehensive policies that regulate digital currencies while fostering their potential to support a greener economy.

Keywords: Poland; Proof of Work (PoW) mechanisms; Green economy; The United Nations Environment Programme (UNEP)United Nations Environment Programme (UNEP); National Bank of Poland; The Polish Zielony (PLZ)Polish Zielony (PLZ) (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/978-981-95-2282-8_12

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