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Study of impacts of blockchain technology on renewable energy resource findings

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  • Mao, Qian
  • Ma, Xinyuan
  • Sun, Yunpeng

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.

Suggested Citation

  • Mao, Qian & Ma, Xinyuan & Sun, Yunpeng, 2023. "Study of impacts of blockchain technology on renewable energy resource findings," Renewable Energy, Elsevier, vol. 211(C), pages 802-808.
    • Handle: RePEc:eee:renene:v:211:y:2023:i:c:p:802-808
    DOI: 10.1016/j.renene.2023.05.038
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    More about this item

    Keywords

    Blockchain technology; Cryptocurrencies; Green resource finding; Green bonds;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • Q27 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Issues in International Trade

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