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Coupling of cryptocurrency trading with the sustainable environmental goals: Is it on the cards?

  • Fairouz Mustafa
  • , Suman Lodh
  • , Monomita Nandy
  • , Vikas Kumar*
  • *Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

Following the systematic review and bibliometric analysis of current literature, this paper attempts to investigate whether the wealth generated through cryptocurrency trading can assist in attaining the United Nations' (UN) sustainable development goal (SDG) 7, affordable and clean energy and UN SDG 13 related to climate action. The critical analysis of literature indicates a growing interest in cryptocurrency, the UN's SDGs and the negative effect that crypto mining has on the use of enormous energy. However, there is a clear gap in the literature that focuses on the possibility of using the wealth generated through cryptocurrency trading in financing environmentally friendly projects and attaining the UN's SDG 7 and SDG 13. The findings and the future research direction of this study aim to firstly expand the academic literature related to SDG 7 and SDG 13 and secondly to examine the relationship between cryptocurrency and sustainability even during an uncertain period. This study provides evidence pertaining to the theoretical models that can be applied within discussion of the complex relationship between cryptocurrency, clean energy and climate action. Our findings will provide policymakers with information regarding actions that need to be taken in order to convert cryptocurrency generated wealth and consequently attaining sustainable socio-economic goals in the future.

Original languageEnglish
Pages (from-to)1152-1168
Number of pages17
JournalBusiness Strategy and the Environment
Volume31
Issue number3
Early online date19 Nov 2021
DOIs
Publication statusPublished - 1 Mar 2022

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 7 - Affordable and Clean Energy
    SDG 7 Affordable and Clean Energy
  2. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth
  3. SDG 13 - Climate Action
    SDG 13 Climate Action
  4. SDG 17 - Partnerships for the Goals
    SDG 17 Partnerships for the Goals

Keywords

  • affordable and clean energy
  • climate action
  • Covid-19
  • cryptocurrency
  • loose coupling
  • SDGs
  • TOE

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