According to TechFlow, large accounting firm KPMG released a report emphasizing the positive impact of Bitcoin on environmental, social and governance (ESG) standards.
The report argues that Bitcoin mining could help incentivize clean energy production, enhance financial inclusion, and even reduce greenhouse gas emissions from industrial activities.
In addition, the report also pointed out that Bitcoin provides many social benefits in low-income countries, especially making cross-border payments cheaper, which is very important for immigrants in developing countries who work overseas and regularly send remittances to relatives back home.
In Africa, Bitcoin mining also helps subsidize power grids, providing electricity to millions of people and reducing costs for consumers.