Spillover of Digital Transformation in Cryptocurrency Prices on Renewable Energy Prices and Their Impacts on Ecosystem Pollution
摘要
This article aims to highlight how the spillover of digital transformation in cryptocurrency prices on renewable energy prices and their impacts on ecosystem pollution and thus contributing to SDG Goal 13. The experiment ran from July 2019 to July 2024. Cryptocurrencies, such as Ethereum and Bitcoin, have transformed financial value and transactions, with significant impacts on environmental pollution. The rise in cryptocurrency prices has significantly increased the supply of renewable energy, prompting companies to invest in green initiatives and the digital internet. Developments such as blockchain technology and integrated solar power could further benefit this sector. Demand for solar energy is growing. As a result, rising cryptocurrency prices increase mining profitability, making hydropower an attractive option for miners. Understanding the impact of cryptocurrency price changes on energy prices and their consequences for digital ecosystem subscriptions is crucial, as the indicator always remains between economic figures and environmental monitoring. Therefore, research is needed to collect data, analyze statistics, analyze energy and environmental impacts, and draw conclusions.