Rethinking the Bitcoin-carbon neutrality correlation: evidence from global sectoral CO2 emissions
摘要
This paper explores the impact of the Bitcoin market on carbon neutrality. It examines how the Bitcoin market influences global sectoral CO2 emissions by analyzing daily data from January 1, 2019, to September 3, 2025, using wavelet quantile correlation and quantile-on-quantile regression frameworks. The findings indicate that Bitcoin is strongly linked to sectoral CO2 emissions, leading to increased industrial, transportation, power, and residential CO2 emissions in the long run across various economic conditions. Therefore, Bitcoin would contribute to global warming.