Work

Are green and dirty cryptocurrencies connected with climate risk attention?

Year: 2025

Type: article

Abstract: This study examines the spillover effect of climate risk attention on green and dirty cryptocurrencies using the R-squared connectedness approach. We construct climate risk attention indices based on Google Trends data. Our findings unveil a dynamic and asymmetric nature of connectedness. We observe that climate risk attention serves as the net receiver of spillover across all market conditions. This result remains consistent even when employing alternative proxies and different methodologies. The study contributes to the ongoing efforts in sustainability, highlighting the significant role of climate risk attention in influencing investment and regulatory decisions.

Source: Economics and Business Letters

DOI: 10.17811/ebl.14.4.2025.193-205

Authors: Mohammad Abdullah, Mohammad Ashraful Ferdous Chowdhury, Muhammad Saeed Meo, Chaker Aloui

Institutions: University of Southampton Malaysia, Shahjalal University of Science and Technology, Sunway University, Prince Sultan University

Language: English

Topic: Sustainable Finance and Green Bonds

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Climate action

Open Access status: diamond

Funder: Prince Sultan University