The current design of Bitcoin system requires more electricity than is needed to power Denmark. Given its expanding condition, the rise of Bitcoin mining may pose a threat to the environment. Recent research explores how to promote the environmentally sustainable applications of Blockchain while not hindering the industry’s growth and finds that international cooperation is the key to reducing the colossal energy use of the cryptocurrency.
Extreme weather events like hurricanes, flash floods and heatwaves are predicted to increase in intensity and frequency due to climate change. A group of researchers studied the barriers small and mediumsized businesses face in their attempt to bounce back after being hit by extreme weather, to find out which internal and external factors hamper businesses from getting back on their feet quickly.
As the current United States Federal government moves to dismantle environmental protections, many have turned to the business community to lead the way on environment. However, a new study has found that most businesses are only working on sustainability to generate profit. The study categorizes profit-minded sustainability work as “weak,” stating that more ambitious sustainability approaches have goals beyond growing a business.
In the quest to improve air quality, researchers and policymakers aim to determine the costs and benefits of air pollution reduction strategies. Recent research introduces a model to account for both the direct and indirect benefits of clean air, and applies this method to reveal that the benefits of curbing ground level ozone concentrations through a cap-and-trade program far exceed the implementation costs.
Ecosystem service valuation is a method for assigning economic value to an ecosystem. This is not a holistic process. Many environment benefits such as the production food and water and climate stability cannot be measured by economics alone. To include these additional benefits, researchers developed an innovative method that considers environmental aspects through open dialogue and public engagement.
While it seems the number of forest fires is increasing, an international team of researchers has discovered a downward trend in global burned area over the past two decades. Capital-intensive agriculture expansion, rather than climate change, is the major factor influencing global burned area.
Electric vehicles are running the roads, claiming green fame. Could they also earn their drivers money? In a recent study, researchers mapped out the economics of vehicle-to-grid energy storage for peak electricity demand reduction and potential profits.
A longstanding conservation scheme known as payment for ecosystem services aims to incentivize forest protection by putting a price on the services forests provide, but questions remain whether the payments generated are going to right people . A recent analysis conducted in Costa Rica indicates that indeed further work is needed to reach rural poor populations that depend on forests for their livelihoods.