According to Coinshares’ data, Bitcoin’s mining infrastructure accounts for 0.08% of the world's carbon dioxide (CO2) production today.
, a study that provides the most current data concerning the state of the bitcoin mining industry alongside environmental, social, and governance concerns. The Coinshares report estimates the Bitcoin protocol emitted 42 megatons of CO2 in 2021.The study highlights that the earth’s total emissions in 2019 amount to 49,360 megatons of CO2. In addition to the network’s mining infrastructure accounting for 0.08% of the world’s carbon dioxide, Bitcoin’s energy draw is also 0.
As a point of reference, total global energy consumption in 2019 has been estimated at 162,194 TWh. At an annual energy draw of 89 TWh, the Bitcoin mining network uses approximately 0.05% of the total energy consumed globally. This strikes us as a small cost for a global monetary system, and on the global energy balance sheet, it amounts to a rounding error.
Meanwhile, ESG concerns have caused numerous companies to drop bitcoin support or consider dropping bitcoin in the future. For instance, the software community Mozilla