Climate risk and the nexus of clean energy and technology stocks

Publikation: Beitrag in FachzeitschriftForschungsartikelBeigetragenBegutachtung

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

OriginalspracheEnglisch
Seitenumfang25
FachzeitschriftAnnals of Operations Research
Jahrgang2023
PublikationsstatusVeröffentlicht - 27 Juli 2023
Peer-Review-StatusJa

Externe IDs

WOS 001038550600001
Scopus 85165888449
ORCID /0000-0003-4359-987X/work/142255157

Schlagworte

Forschungsprofillinien der TU Dresden

Fächergruppen, Lehr- und Forschungsbereiche, Fachgebiete nach Destatis

Schlagwörter

  • Clean energy, Climate risk, Energy transition, Technology stocks

Bibliotheksschlagworte