Climate risk and the nexus of clean energy and technology stocks
Publikation: Beitrag in Fachzeitschrift › Forschungsartikel › Beigetragen › Begutachtung
Beitragende
Abstract
We examine the impact of climate risks on the nexus of clean energy and technology stocks using a time-varying correlation model. We find that physical and transition climate risks are positively associated with the long-term correlation between clean energy and technology stock indices, whereas the effect of transition risk is more robust to different sample periods and alternative stock indices. On the contrary, the short-term correlation tends to decrease after shocks to physical risk, since clean energy stocks react more strongly to physical risk shocks than technology stocks.
Details
Originalsprache | Englisch |
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Seitenumfang | 25 |
Fachzeitschrift | Annals of Operations Research |
Jahrgang | 2023 |
Publikationsstatus | Veröffentlicht - 27 Juli 2023 |
Peer-Review-Status | Ja |
Externe IDs
WOS | 001038550600001 |
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Scopus | 85165888449 |
ORCID | /0000-0003-4359-987X/work/142255157 |
Schlagworte
Forschungsprofillinien der TU Dresden
DFG-Fachsystematik nach Fachkollegium
Fächergruppen, Lehr- und Forschungsbereiche, Fachgebiete nach Destatis
Ziele für nachhaltige Entwicklung
ASJC Scopus Sachgebiete
Schlagwörter
- Clean energy, Climate risk, Energy transition, Technology stocks