Climate risk and the nexus of clean energy and technology stocks

Research output: Contribution to journalResearch articleContributedpeer-review

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 languageEnglish
Number of pages25
JournalAnnals of Operations Research
Volume2023
Publication statusPublished - 27 Jul 2023
Peer-reviewedYes

External IDs

WOS 001038550600001
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

Keywords

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

Library keywords