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

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  • Fairouz Mustafa
  • Suman Lodh
  • Monomita Nandy
  • Vikas Kumar

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.

Suggested Citation

  • Fairouz Mustafa & Suman Lodh & Monomita Nandy & Vikas Kumar, 2022. "Coupling of cryptocurrency trading with the sustainable environmental goals: Is it on the cards?," Business Strategy and the Environment, Wiley Blackwell, vol. 31(3), pages 1152-1168, March.
    • Handle: RePEc:bla:bstrat:v:31:y:2022:i:3:p:1152-1168
    DOI: 10.1002/bse.2947
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    1. Pavel Ciaian & Andrej Cupak & Pirmin Fessler & d’Artis Kancs, 2022. "Environmental and Social Preferences and Investments in Crypto-Assets," JRC Research Reports JRC129919, Joint Research Centre (Seville site).
    2. Pavel Ciaian & Andrej Cupak & Pirmin Fessler & d'Artis Kancs, 2022. "Environmental-Social-Governance Preferences and Investments in Crypto-Assets (Pavel Ciaian, Andrej Cupak, Pirmin Fessler, d’Artis Kancs)," Working Papers 243, Oesterreichische Nationalbank (Austrian Central Bank).
    3. Lee, Chi-Chuan & Yu, Chin-Hsien & Zhang, Jian, 2023. "Heterogeneous dependence among cryptocurrency, green bonds, and sustainable equity: New insights from Granger-causality in quantiles analysis," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 99-109.

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