Sökning: onr:"swepub:oai:DiVA.org:liu-191733" >
Climate risk and gr...
Climate risk and green investments: New evidence
-
- Dutta, Anupam (författare)
- Univ Vaasa, Finland
-
- Bouri, Elie (författare)
- Lebanese Amer Univ, Lebanon
-
- Rothovius, Timo (författare)
- Univ Vaasa, Finland
-
visa fler...
-
- Uddin, Gazi Salah (författare)
- Linköpings universitet,Nationalekonomi,Filosofiska fakulteten,Univ Cambridge, England
-
visa färre...
-
(creator_code:org_t)
- PERGAMON-ELSEVIER SCIENCE LTD, 2023
- 2023
- Engelska.
-
Ingår i: Energy. - : PERGAMON-ELSEVIER SCIENCE LTD. - 0360-5442 .- 1873-6785. ; 265
- Relaterad länk:
-
https://liu.diva-por... (primary) (Raw object)
-
visa fler...
-
https://urn.kb.se/re...
-
https://doi.org/10.1...
-
visa färre...
Abstract
Ämnesord
Stäng
- The academic literature on green energy equity markets has increased extensively over the last decade due to growing concerns about climate change and the substantial flow of investments into alternative energy markets. This study contributes by investigating the effect of climate risk on the return and volatility of green energy assets. This is one of the first papers to assess such effects using the recently developed climate policy uncertainty index as an indicator of climate risk. In particular, we seek to answer the following research questions. Firstly, does rising climate risk lead to a significant increase in green energy asset returns? Secondly, does climate risk affect the volatility of green energy assets negatively? Employing various models, we provide statistical evidence in favour of our hypotheses. Rising climate risk seems to encourage investment in alternative energy, which leads to an upward demand for green energy, which in turn increases the prices of green energy investments and decreases their volatility levels. Our analysis further shows that when climate risk increases, the correlation between crude oil and green energy returns decreases. Furthermore, green energy assets are more effective than gold for hedging oil market risk, without ignoring the hedging ability of technology stock investment.
Ämnesord
- TEKNIK OCH TEKNOLOGIER -- Naturresursteknik -- Energisystem (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Environmental Engineering -- Energy Systems (hsv//eng)
Nyckelord
- Climate risk; Clean/green energy assets brown energy; Strategic commodities; Technology stocks; Climate policy uncertainty (CPU) index; Sustainable investments
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
Hitta via bibliotek
-
Energy
(Sök värdpublikationen i LIBRIS)
Till lärosätets databas