Can Climate Change Mitigation be Catalyzed through Green Hydrogen Coupled with Crypto's Resurgence?

Climate change continues to be a major global challenge, largely due to substantial emissions from fossil fuels. Although countries are pushing for global decarbonization through green hydrogen, the increasing use of crypto operations like Bitcoin mining has worsened the climate crisis. This work examines the potential of combining Bitcoin mining operations with green hydrogen technology to support climate mitigation strategies. Findings suggest that integrating Bitcoin mining with green hydrogen infrastructure can drive the expansion of solar and wind power capacities, thus strengthening conventional mitigation frameworks. Moreover, incentives for green hydrogen power can boost the capacity for negative emission technologies, enabling states to mine Bitcoins with the economic potential to capture at least 7.4 tCO2-eq per Bitcoin. Therefore, the proposed technological frameworks, which merge green hydrogen and Bitcoin mining with suitable policy measures, can significantly enhance clean energy production and carbon capture capabilities, contributing to climate sustainability.