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Study of impacts of blockchain technology on renewable energy resource findings

Qian Mao, Xinyuan Ma and Yunpeng Sun

Renewable Energy, 2023, vol. 211, issue C, 802-808

Abstract: Using daily data from the beginning of 2018 to the end of 2022 and the Seemingly Unrelated Regression method, this paper sought to determine the relationship between green and non-green cryptocurrency indices as representative of blockchain technologies on three green bond indices in two periods before the outbreak of COVID-19 and the corona period. The preliminary results confirmed that by spreading the coronavirus, the sensitivity of the green bond market has increased to the gold index. In addition, the green cryptocurrency index (Cardano) significantly impacts green bonds more during the Corona era. The negative effect of the Bitcoin index on the index of green bonds in the Corona era is less than its adverse effect in the pre-corona period. Developing green cryptocurrencies and linking cryptocurrencies and digital green financing are two significant recommended policy implications for scholars and policymakers.

Keywords: Blockchain technology; Cryptocurrencies; Green resource finding; Green bonds (search for similar items in EconPapers)
JEL-codes: C23 E51 Q27 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:211:y:2023:i:c:p:802-808

DOI: 10.1016/j.renene.2023.05.038

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