I will agree with "letting the market decide" on the energy expended in Bitcoin when there is an effective and globally enforced carbon emissions tax that adequately compensates the potential damage caused by these emissions.

Other industries and activities, such gold mining, automotives, food production, tourism, etc., must of course also be covered by said carbon tax. However, what makes Bitcoin particularly noxious compared to them is that it intrinsically carries a financial incentive to expend more energy as time moves on.