Article
The Cryptonomist: Report on Bitcoin mining: collapse of fossil sources
14 Apr
2025
Dr. Paolo Tasca co-authored the April 2025 report titled “Mining the Future: Bitcoin’s Renewable Energy Footprint and the Path to 2030”. This comprehensive 19-page analysis examines the environmental impact of Bitcoin mining, focusing on its carbon footprint and the transition from fossil fuels to renewable energy sources
Key Points:
- Renewables Rising: Bitcoin mining’s renewable energy use rose from 20% (2011) to 41% (2024).
- Coal Use Down: Dependency on coal dropped from 63% to 20% in the same period.
- 2030 Outlook: At least 70% of mining expected to use sustainable energy by 2030.
- Carbon Concern: Emissions may still grow short-term if Bitcoin price spikes.
- Nodiens Data: Tasca’s platform, Nodiens, provided ESG data on 4,000+ cryptos using 10M+ data sources.
- Regulatory Prep: Under EU MiCA rules (Dec 2024), crypto companies must disclose ESG metrics—MiCA Crypto Alliance helps with compliance.