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Accelerating the Digital Economy, Energy Consumption through Blockchain Technology, and Sustainable Development: 2nd Edition

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".

Deadline for manuscript submissions: closed (22 May 2024) | Viewed by 647

Special Issue Editors


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Guest Editor
School of Management, Zhejiang Shuren University, Hangzhou, China
Interests: environment; green management; carbon emission; CSR; green economy; sustainable development; ICT
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
School of Business, Hunan University of Humanities, Science and Technology, Fuxin, China
Interests: carbon dioxide; digital economy; circular economy; green finance; sustainability; blockchain technology; sustainable development
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Faculty of Industrial Design and Business Management, “Gheorghe Asachi” Technical University of Iasi, 700050 Iasi, Romania
Interests: fuzzy logic; management; sustainability

Special Issue Information

Dear Colleagues,

The Guest Editor invites submissions for a Special Issue of the journal Energies on the subject of “Accelerating the Digital Economy, Energy Consumption through Blockchain Technology, and Sustainable Development”. The rapid espousal and quickening behaviour of the global economy and social dynamics toward digitalization is just because of digital technologies that transform the way we access and process information, impacting and utilizing operational databases. These dramatic technological and social changes also have important environmental and energy implications. The computation systems can learn and improve their performance innovatively and quickly in the next technology era. As the scope, complexity, and applications of these self-teaching machine/technological intelligence systems are going to expand. They will increasingly influence how we manage energy and the environment. This initiative seeks to leverage academic research across various disciplines to guide several high-priority research areas at the intersection of energy, environment, and the digital economy.

This issue aims to analyze energy, environmental implications, and digital economic performances of worldwide point-focus divergent systems for a residential and an institutional user when its installation site varies. As we observed, the concentrating photovoltaic (CPV) systems are a promising technology to obtain clean energy. In contrast, blockchain technology is generally known as overflowed energy with unsustainable environmental conditions. However, these systems are not equally convenient worldwide due to different climatic, economic, and technical development conditions. The rapid adoption and acceleration of digital technologies transform the way we access and process information, affecting the global economy and our social dynamics. These dramatic technological and social changes also significantly influenced environmental sustainability and energy implications. In addition to producing new research and ideas, we also aim to be a reference source for scholars and practitioners at the intersection of energy, the environment, and the digital economy.

All possible sections/categories of this issue are listed below:

  • energy conversion systems, power generation, transmission, and use of them in the digital economy
  • prevalence, scope, and environmental-related issues for digital sharing platforms (GHG accounting for emerging transportation services, food sharing applications, and ride sourcing drivers’ perception about electric vehicles)
  • technical development, environmental sustainability, economic growth and restructure of policies
  • pollution control, energy efficiency, and climatic behaviour
  • clean energy and digital economic development with sustainable system engineering
  • emerging energy issue, energy economics, structural strategies to maintain the problematic environmental issue

Dr. Larisa Ivascu
Dr. Muddassar Sarfraz
Dr. Muhammad Mohsin
Dr. Marius Pîslaru
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at mdpi.longhoe.net by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • digital economy
  • energy consumption
  • blockchain technology
  • sustainable development
  • triple bottom-line technological and social changes
  • energy utilization

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Published Papers (1 paper)

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Research

19 pages, 2477 KiB  
Article
Testing the Nonlinear Long- and Short-Run Distributional Asymmetries Effects of Bitcoin Prices on Bitcoin Energy Consumption: New Insights through the QNARDL Model and XGBoost Machine-Learning Tool
by Kais Tissaoui, Taha Zaghdoudi, Sahbi Boubaker, Besma Hkiri and Mariem Talbi
Energies 2024, 17(12), 2810; https://doi.org/10.3390/en17122810 - 7 Jun 2024
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Abstract
This study investigates the asymmetric impacts of Bitcoin prices on Bitcoin energy consumption. Two series are shown to be chaotic and non-linear using the BDS Independence test. To take into consideration this nonlinearity, we employed the QNARDL model as a traditional technique and [...] Read more.
This study investigates the asymmetric impacts of Bitcoin prices on Bitcoin energy consumption. Two series are shown to be chaotic and non-linear using the BDS Independence test. To take into consideration this nonlinearity, we employed the QNARDL model as a traditional technique and Support Vector Machine (SVM) and eXtreme Gradient Boosting (XGBoost) as non-conventional approaches to study the link between Bitcoin energy usage and Bitcoin prices. Referring to QNARDL estimates, results show that the relationship between Bitcoin energy use and prices is asymmetric. Additionally, results demonstrate that changes in Bitcoin prices have a considerable effect, both short- and long-run, on energy consumption. As a result, any upsurge in the price of Bitcoin leads to an immediate boost in energy use. Furthermore, the short-term drop in Bitcoin values causes an increase in energy use. However, higher Bitcoin prices reduce energy use in the long run. Otherwise, every decline in Bitcoin prices leads to a long-term reduction in energy use. In addition, the performance metrics and convergence of the cost function provide evidence that the XGBoost model dominates the SVM model in terms of Bitcoin energy consumption forecasting. In addition, we analyze the effectiveness of several modeling approaches and discover that the XGBoost model (MSE: 0.52%; RMSE: 0.72 and R2: 96%) outperforms SVM (MSE: 4.89; RMSE: 2.21 and R2: 75%) in predicting. Results indicate that the forecast of Bitcoin energy consumption is more influenced by positive shocks to Bitcoin prices than negative shocks. This study gives insights into the policies that should be implemented, such as increasing the sustainable capacity, efficiency, and flexibility of mining operations, which would allow for the reduction of the negative impacts of Bitcoin price shocks on energy consumption. Full article
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