IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v18y2025i2p291-d1564430.html
   My bibliography  Save this article

Cryptocurrencies Transit to a Carbon Neutral Environment: From Fintech to Greentech Through Clean Energy and Eco-Efficiency Policies

Author

Listed:
  • Dimitrios Koemtzopoulos

    (Department of Accounting and Finance, University of Western Macedonia, GR50100 Kozani, Greece)

  • Georgia Zournatzidou

    (Department of Business Administration, University of Western Macedonia, GR51100 Grevena, Greece)

  • Konstantina Ragazou

    (Department of Management Science and Technology, University of Western Macedonia, GR50100 Kozani, Greece)

  • Nikolaos Sariannidis

    (Department of Accounting and Finance, University of Western Macedonia, GR50100 Kozani, Greece)

Abstract

Fintech prioritizes the progression of issues related to environmental conservation and the consequences of climate change. This study is among the first investigations exploring the relationship between fintech and sustainable energy. It presents potential financial models that might be developed to assist companies in remaining operational via the use of renewable and clean energy sources. We employ a bibliometric analysis as the statistical methodology to address the study topic. We extract bibliometric data from the Scopus database employing the Preferred Reporting Items for Systematic reviews and Meta-Analyses (PRISMA) approach, thereafter analyzing the data with the R statistical programming language and the bibliometric applications Biblioshiny and VOSviewer. The results of the research indicate that fintech companies are committed to achieving carbon neutrality and investing in strategies such as environmental, social, and corporate governance (ESG) which may help them reduce their carbon footprint and enhance their eco-efficiency. In contrast to the United Kingdom, which is frequently regarded as the world’s preeminent financial center, Chinese fintech enterprises appear to demonstrate a more fervent dedication to the improvement of their ecological transition. However, the results, ultimately, emphasize the transition of fintech to an alternative paradigm, namely greentech. Greentech is a new fintech-dependent paradigm which will help cryptocurrencies and fintech reduce their environmental impact and promote carbon-neutral financial institutions via investment. Greentech aims to decarbonize the financial industry by investing in renewable resources and clean energy, therefore enhancing the sector’s environmental sustainability.

Suggested Citation

  • Dimitrios Koemtzopoulos & Georgia Zournatzidou & Konstantina Ragazou & Nikolaos Sariannidis, 2025. "Cryptocurrencies Transit to a Carbon Neutral Environment: From Fintech to Greentech Through Clean Energy and Eco-Efficiency Policies," Energies, MDPI, vol. 18(2), pages 1-19, January.
  • Handle: RePEc:gam:jeners:v:18:y:2025:i:2:p:291-:d:1564430
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/18/2/291/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1996-1073/18/2/291/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Feng, Jingyu & Yuan, Ying, 2024. "Green investors and corporate ESG performance: Evidence from China," Finance Research Letters, Elsevier, vol. 60(C).
    2. Rasheed, Muhammad Qamar & Yuhuan, Zhao & Haseeb, Abdul & Ahmed, Zahoor & Saud, Shah, 2024. "Asymmetric relationship between competitive industrial performance, renewable energy, industrialization, and carbon footprint: Does artificial intelligence matter for environmental sustainability?," Applied Energy, Elsevier, vol. 367(C).
    3. Safi, Adnan & Kchouri, Bilal & Elgammal, Walid & Nicolas, Melhim Khoury & Umar, Muhammad, 2024. "Bridging the green gap: Do green finance and digital transformation influence sustainable development?," Energy Economics, Elsevier, vol. 134(C).
    4. Lisha, Liu & Mousa, Saeed & Arnone, Gioia & Muda, Iskandar & Huerta-Soto, Rosario & Shiming, Zhai, 2023. "Natural resources, green innovation, fintech, and sustainability: A fresh insight from BRICS," Resources Policy, Elsevier, vol. 80(C).
    5. Huang, Lei, 2024. "Green bonds and ESG investments: Catalysts for sustainable finance and green economic growth in resource-abundant economies," Resources Policy, Elsevier, vol. 91(C).
    6. Awais, Minahil & Afzal, Ayesha & Firdousi, Saba & Hasnaoui, Amir, 2023. "Is fintech the new path to sustainable resource utilisation and economic development?," Resources Policy, Elsevier, vol. 81(C).
    7. Arfaoui, Nadia & Naeem, Muhammad Abubakr & Boubaker, Sabri & Mirza, Nawazish & Karim, Sitara, 2023. "Interdependence of clean energy and green markets with cryptocurrencies," Energy Economics, Elsevier, vol. 120(C).
    8. Georgia Zournatzidou & Christos Floros, 2023. "Hurst Exponent Analysis: Evidence from Volatility Indices and the Volatility of Volatility Indices," JRFM, MDPI, vol. 16(5), pages 1-15, May.
    9. Ahmad, Mahmood & Pata, Ugur Korkut & Ahmed, Zahoor & Zhao, Ruiqi, 2024. "Fintech, natural resources management, green energy transition, and ecological footprint: Empirical insights from EU countries," Resources Policy, Elsevier, vol. 92(C).
    10. Jin, Xuanxuan & Qi, Hanying & Huang, Xin, 2024. "Green financial regulation and corporate strategic ESG behavior: Evidence from China," Finance Research Letters, Elsevier, vol. 65(C).
    11. Hou, Yan & Li, Xiaobo & Wang, Hui & Yunusova, Rimma, 2024. "Focusing on energy efficiency: The convergence of green financing, FinTech, financial inclusion, and natural resource rents for a greener Asia," Resources Policy, Elsevier, vol. 93(C).
    12. Duan, Kun & Zhao, Yanqi & Urquhart, Andrew & Huang, Yingying, 2023. "Do clean and dirty cryptocurrencies connect with financial assets differently? The role of economic policy uncertainty," Energy Economics, Elsevier, vol. 127(PA).
    13. Wang, Moran & Li, Xuerong & Wang, Shouyang, 2021. "Discovering research trends and opportunities of green finance and energy policy: A data-driven scientometric analysis," Energy Policy, Elsevier, vol. 154(C).
    14. Naeem, Muhammad Abubakr & Karim, Sitara, 2021. "Tail dependence between bitcoin and green financial assets," Economics Letters, Elsevier, vol. 208(C).
    15. Sofia Karagiannopoulou & Nikolaos Sariannidis & Konstantina Ragazou & Ioannis Passas & Alexandros Garefalakis, 2023. "Corporate Social Responsibility: A Business Strategy That Promotes Energy Environmental Transition and Combats Volatility in the Post-Pandemic World," Energies, MDPI, vol. 16(3), pages 1-21, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pham, Son D. & Nguyen, Thao T.T. & Do, Hung X., 2024. "Impact of climate policy uncertainty on return spillover among green assets and portfolio implications," Energy Economics, Elsevier, vol. 134(C).
    2. Ghaemi Asl, Mahdi & Ben Jabeur, Sami & Ben Zaied, Younes, 2024. "Analyzing the interplay between eco-friendly and Islamic digital currencies and green investments," Technological Forecasting and Social Change, Elsevier, vol. 208(C).
    3. Tiwari, Sunil, 2024. "Impact of Fintech on natural resources management: How financial impacts shape the association?," Resources Policy, Elsevier, vol. 90(C).
    4. Boubaker, Sabri & Karim, Sitara & Naeem, Muhammad Abubakr & Sharma, Gagan Deep, 2023. "Financial markets, energy shocks, and extreme volatility spillovers," Energy Economics, Elsevier, vol. 126(C).
    5. Naeem, Muhammad Abubakr & Shahzad, Mohammad Rahim & Karim, Sitara & Assaf, Rima, 2023. "Tail risk transmission in technology-driven markets," Global Finance Journal, Elsevier, vol. 57(C).
    6. Umar, Zaghum & Usman, Muhammad & Umar, Muhammad & Ktaish, Farah, 2024. "Interdependencies and risk management strategies between green cryptocurrencies and traditional energy sources," Energy Economics, Elsevier, vol. 136(C).
    7. Chen, Fu & Zhang, Weiwei & Li, Fangfang & Sun, Yongtai & Yu, Huiyuan, 2024. "Does fintech positively moderate the impact of mineral resources on green growth? Role of economic policy uncertainty in OECD economies," Resources Policy, Elsevier, vol. 94(C).
    8. Mbarki, Imen & Khan, Muhammad Arif & Karim, Sitara & Paltrinieri, Andrea & Lucey, Brian M., 2023. "Unveiling commodities-financial markets intersections from a bibliometric perspective," Resources Policy, Elsevier, vol. 83(C).
    9. Rui Dias & Paulo Alexandre & Nuno Teixeira & Mariana Chambino, 2023. "Clean Energy Stocks: Resilient Safe Havens in the Volatility of Dirty Cryptocurrencies," Energies, MDPI, vol. 16(13), pages 1-24, July.
    10. Yu, Dan & Wang, Shenghu & Yi, Yuting & Ren, Yu, 2024. "The role of fintech, natural resources and trade policy uncertainty towards SDGs in China: New insights from nonlinear approach," Resources Policy, Elsevier, vol. 91(C).
    11. Ma, Chao-Qun & Lei, Yu-Tian & Ren, Yi-Shuai & Chen, Xun-Qi & Wang, Yi-Ran & Narayan, Seema, 2024. "Systematic analysis of the blockchain in the energy sector: Trends, issues, and future directions," Telecommunications Policy, Elsevier, vol. 48(2).
    12. Liu, Fangying & Su, Chi Wei & Tao, Ran & Qin, Meng & Umar, Muhammad, 2024. "Fintech and aluminium: Strategic enablers of climate change mitigation and sustainable mineral policy," Resources Policy, Elsevier, vol. 91(C).
    13. Wang, Shubin & Li, Jiabao & Zhao, Erlong, 2024. "Exploring the role of financial technologies and digital trade in shaping trade-adjusted resource consumption in E7 countries," Resources Policy, Elsevier, vol. 88(C).
    14. Duan, Kun & Zhang, Liya & Urquhart, Andrew & Yao, Kai & Peng, Long, 2024. "Do clean and dirty cryptocurrencies connect financial assets differently? The perspective of market inefficiency," Research in International Business and Finance, Elsevier, vol. 70(PB).
    15. Ahmed, Mohamed Shaker & El-Masry, Ahmed A. & Al-Maghyereh, Aktham I. & Kumar, Satish, 2024. "Cryptocurrency volatility: A review, synthesis, and research agenda," Research in International Business and Finance, Elsevier, vol. 71(C).
    16. Naeem, Muhammad Abubakr & Sadorsky, Perry & Karim, Sitara, 2023. "Sailing across climate-friendly bonds and clean energy stocks: An asymmetric analysis with the Gulf Cooperation Council Stock markets," Energy Economics, Elsevier, vol. 126(C).
    17. Hasan, Morshadul & Hoque, Ariful & Abedin, Mohammad Zoynul & Gasbarro, Dominic, 2024. "FinTech and sustainable development: A systematic thematic analysis using human- and machine-generated processing," International Review of Financial Analysis, Elsevier, vol. 95(PC).
    18. Naeem, Muhammad Abubakr & Karim, Sitara & Abrar, Afsheen & Yarovaya, Larisa & Shah, Adil Ahmad, 2023. "Non-linear relationship between oil and cryptocurrencies: Evidence from returns and shocks," International Review of Financial Analysis, Elsevier, vol. 89(C).
    19. Han, Zhanbing & Heng, Yixin, 2024. "Do fintech and trade diversification discard the natural resource dependency in MENA countries?," Resources Policy, Elsevier, vol. 89(C).
    20. Zhang, Hui & Fahlevi, Mochammad & Aljuaid, Mohammed & Beşer, Nazife Özge & Cabas, Meral & lominchar, Jose, 2024. "A machine learning and quantile analysis of FINTECH and resource efficiency in achieving sustainable development in OECD countries," Resources Policy, Elsevier, vol. 92(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:18:y:2025:i:2:p:291-:d:1564430. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.