Climate risk and the nexus of clean energy and technology stocks
Research output: Contribution to journal › Research article › Contributed › peer-review
Contributors
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
Original language | English |
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Number of pages | 25 |
Journal | Annals of Operations Research |
Volume | 2023 |
Publication status | Published - 27 Jul 2023 |
Peer-reviewed | Yes |
External IDs
WOS | 001038550600001 |
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Scopus | 85165888449 |
ORCID | /0000-0003-4359-987X/work/142255157 |
Keywords
Research priority areas of TU Dresden
DFG Classification of Subject Areas according to Review Boards
Subject groups, research areas, subject areas according to Destatis
Sustainable Development Goals
ASJC Scopus subject areas
Keywords
- Clean energy, Climate risk, Energy transition, Technology stocks