The effect of crypto price fluctuations on crypto mining, and CO2 emissions amid geopolitical risk

Imran Yousaf, Kamel Si Mohammed, Umair Bin Yousaf and Vanessa Serret

Finance Research Letters, 2025, vol. 72, issue C

Abstract: We examine the interlinkages between cryptocurrency prices, the energy consumption of crypto mining, and the resulting CO2 emissions, considering the conditioning impact of geopolitical risk (GPR). Employing multivariate quantile-on-quantile regression (MQQR), we find that cryptocurrency price fluctuations significantly impact both cryptocurrency mining and its attendant environmental impact, particularly at higher quantile levels of crypto prices and GPR. The effect of bitcoin pricing on environmental awareness is seen across several quantiles. We add to the continuing discussion regarding the long-term viability of cryptocurrencies.

Keywords: Cryptocurrency; Geopolitical risk; Environmental attention; Multivariate quantiles-on-quantile methods (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324015800

DOI: 10.1016/j.frl.2024.106551

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