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DOI10.1038/s41467-021-22256-3
Policy assessments for the carbon emission flows and sustainability of Bitcoin blockchain operation in China
Jiang S.; Li Y.; Lu Q.; Hong Y.; Guan D.; Xiong Y.; Wang S.
发表日期2021
ISSN2041-1723
卷号12期号:1
英文摘要The growing energy consumption and associated carbon emission of Bitcoin mining could potentially undermine global sustainable efforts. By investigating carbon emission flows of Bitcoin blockchain operation in China with a simulation-based Bitcoin blockchain carbon emission model, we find that without any policy interventions, the annual energy consumption of the Bitcoin blockchain in China is expected to peak in 2024 at 296.59 Twh and generate 130.50 million metric tons of carbon emission correspondingly. Internationally, this emission output would exceed the total annualized greenhouse gas emission output of the Czech Republic and Qatar. Domestically, it ranks in the top 10 among 182 cities and 42 industrial sectors in China. In this work, we show that moving away from the current punitive carbon tax policy to a site regulation policy which induces changes in the energy consumption structure of the mining activities is more effective in limiting carbon emission of Bitcoin blockchain operation. © 2021, The Author(s).
语种英语
scopus关键词carbon; carbon emission; environmental economics; greenhouse gas; input-output analysis; pollution tax; spatiotemporal analysis; sustainability; Article; blockchain; carbon footprint; China; cryptocurrency; Czech Republic; electricity; energy consumption; environmental impact; environmental temperature; fiscal policy; mining; Qatar; Saudi Arabia; seasonal variation; China; Czech Republic; Qatar
来源期刊Nature Communications
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/250726
作者单位School of Economics and Management, University of Chinese Academy of Sciences, Beijing, China; Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing, China; Department of Economics and Department of Statistical Science, Cornell University, Ithaca, NY, United States; Department of Earth System Science, Tsinghua University, Beijing, China; Surrey Business School, University of Surrey, Guildford, United Kingdom; Center for Forecasting Science, Chinese Academy of Sciences, Beijing, China
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Jiang S.,Li Y.,Lu Q.,et al. Policy assessments for the carbon emission flows and sustainability of Bitcoin blockchain operation in China[J],2021,12(1).
APA Jiang S..,Li Y..,Lu Q..,Hong Y..,Guan D..,...&Wang S..(2021).Policy assessments for the carbon emission flows and sustainability of Bitcoin blockchain operation in China.Nature Communications,12(1).
MLA Jiang S.,et al."Policy assessments for the carbon emission flows and sustainability of Bitcoin blockchain operation in China".Nature Communications 12.1(2021).
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