Bitcoin mining can help reduce up to 8% of global emissions: Report By Cointelegraph

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© Reuters

A paper published by the Institute of Risk Management (IRM) concluded that (BTC) has the potential to be a catalyst for a global energy transition.

IRM Energy and Renewables Group members Dylan Campbell and Alexander Larsen published a report titled “Bitcoin and the Energy Transition: From Risk to Opportunity.” The paper argued that while BTC was perceived as a risk because of its energy consumption, it can also catalyze energy transition and lead to new solutions for energy challenges worldwide.

Amount of vented methane that can be used in Bitcoin mining. Source: IRM