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Towards the path of green finance: Unraveling the co-movement between green cryptocurrencies and Bitcoin

Author

Listed:
  • Meghna Jayasankar

    (Gulati Institute of Finance and Taxation(Affiliated to Cochin University of Science and Technology))

  • P S Niveditha

    (Gulati Institute of Finance and Taxation(Affiliated to Cochin University of Science and Technology))

Abstract

In this paper, we have studied the multifractal cross-correlation between green cryptocurrencies and a non-green cryptocurrency; Bitcoin, which is considered a significant polluter. The study reveals that both small and large fluctuations in Bitcoin's return affect the returns of green cryptocurrencies. Based on the study's results, investors can create their portfolios more effectively, subject to the risk they are willing to take, the time horizon of their investments, and their eco-consciousness.

Suggested Citation

  • Meghna Jayasankar & P S Niveditha, 2025. "Towards the path of green finance: Unraveling the co-movement between green cryptocurrencies and Bitcoin," Economics Bulletin, AccessEcon, vol. 45(2), pages 919-927.
    • Handle: RePEc:ebl:ecbull:eb-25-00035
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    Keywords

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    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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