Cryptocurrency And Environmental Sustainability: A Narrative Review From A Financial Management Perspective
暗号通貨と環境持続可能性：財務管理の視点からのナラティブレビュー (AI 翻訳)
M. Taufik, Muhammad Rijal, Alim Rahmat
🤖 gxceed AI 要約
日本語
本論文は、ビットコインのエネルギー消費とCO2排出量が企業のESGリスクや資金調達に与える影響を財務管理の観点からレビュー。年間130〜175TWhのエネルギー消費と90MtCO2以上の排出が見積もられ、規制や開示義務の強化が投資判断に影響している。再生可能エネルギーや効率改善などの緩和策も検討。
English
This narrative review examines Bitcoin's environmental footprint from a financial management perspective, highlighting its annual energy use of 130-175 TWh and over 90 MtCO2 emissions. It emphasizes how ESG risks, disclosure regulations, and investor scrutiny affect capital allocation and cost of capital for crypto-exposed firms. Mitigation pathways including renewable energy and hardware efficiency are evaluated.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本では暗号資産取引所や関連企業が増加しており、SSBJや有報における気候関連開示の対象拡大が見込まれる。本レビューは、金融機関が暗号資産関連リスクを開示・管理する必要性を示唆し、日本の開示実務に参考となる。
In the global GX context
Globally, mandatory climate disclosure frameworks (ISSB, CSRD, SEC) increasingly cover indirect emissions from crypto activities. This review provides a structured overview of Bitcoin's environmental costs and financial implications, supporting integration of crypto-related ESG risks into corporate disclosure and investment decisions.
👥 読者別の含意
🔬研究者:Provides a structured synthesis of 2023-2024 research on Bitcoin's environmental impact and financial risks.
🏢実務担当者:Helps corporate sustainability teams understand the materiality of crypto-related emissions for ESG reporting and investor relations.
🏛政策担当者:Offers evidence for regulatory design around crypto disclosure and carbon taxation.
📄 Abstract（原文）
: Bitcoin’s rise as a decentralized digital asset has been accompanied by serious concerns over its environmental impact. This paper examines Bitcoin’s energy consumption, carbon emissions, and environmental footprint from a financial management perspective, emphasizing the implications for ESG risk, capital allocation, and sustainability disclosure. Employing a structured literature review, this study synthesizes 2023–2024 research on Bitcoin’s environmental damages and evaluates technological and policy mitigation strategies. Findings show Bitcoin’s annual energy use exceeds 130–175 TWh, contributing to over 90 MtCO₂ emissions, with substantial reputational and financial risks for firms involved. Policy responses including bans, taxation, and mandatory disclosure are shaping the crypto ecosystem. From a financial standpoint, Bitcoin’s sustainability performance increasingly affects investment access, cost of capital, and long-term viability. This research urges financial managers to actively mitigate and disclose crypto-linked environmental risks. Building on these findings, the paper further highlights how Bitcoin-related environmental externalities are no longer peripheral issues but have become material financial risks that must be integrated into strategic decision-making. Institutional investors, lenders, and asset managers are increasingly incorporating climate-related metrics into portfolio evaluation, thereby intensifying scrutiny of crypto-exposed firms. The study also discusses how ESG-oriented regulations and global climate commitments amplify pressure on financial institutions to reassess their exposure to energy-intensive digital assets. Moreover, advances in renewable energy adoption, efficiency improvements in mining hardware, and shifts in consensus mechanisms are evaluated as partial mitigation pathways, though their financial feasibility remains uneven.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.71305/sahri.v3i1.1418first seen 2026-06-29 08:58:42
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