The ESG analyst shows that bitcoin mining leverages 52.6% sustainable energy which is higher than Cambridge University’s Sept. 2022 data.
by Cambridge University. Data from the Cambridge Centre for Alternative Finance is regularly cited by politicians and the press when it comes to Bitcoin and environmental concerns. Batten’s findings in the article indicate that 52.6% of energy used for Bitcoin mining is sustainable. The ESG analyst alsoAccording to Batten’s study, the researcher’s “overall zero-emission energy figure is 7.2% lower than the BMC data,” however, “it is significantly higher than the CCAF report from September 2022.
. “Between September 2022 and June 2023, we anticipate the Bitcoin network to operate on +4.5% more zero-emission power sources,” the report stated. Additionally, the report noted that some critics have claimed that Bitcoin relies on grids that are predominantly powered by coal, but Batten’s and CCAF’s data does not support the coal hypothesis.
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