气候变化领域集成服务门户(CCPortal): Dynamic connectedness among climate change index, green financial assets and renewable energy markets: Novel evidence from sustainable development perspective

CCPortal

DOI	10.1016/j.renene.2022.12.085
	Dynamic connectedness among climate change index, green financial assets and renewable energy markets: Novel evidence from sustainable development perspective
	Lorente, Daniel Balsalobre; Mohammed, Kamel Si; Cifuentes-Faura, Javier; Shahzad, Umer
发表日期	2023
ISSN	0960-1481
EISSN	1879-0682
起始页码	94
结束页码	105
卷号	204
英文摘要	This paper investigates the connectedness among the climate change index, green financial assets, renewable energy markets, and geopolitical risk index from June 1, 2012 to June 13, 2022, using Quantile Vector Autoregressive (QVAR) and wavelet coherence (WC). The Total connectedness index (TCI) varies as long as the highest TCI originates in the upper quantile. We also note that the higher TCI decreases after the second wave of COVID19 and increases during the first 100 days of the Russia-Ukraine conflict. Moreover, the results show that Geopolitical risk (GPR) is a net transmitter of the climate change index during the Russian invasion of Ukraine. The green bond and clean energy markets are negatively connected to the GPR at extreme 10 th and 90 th quantiles. The wavelet coherence confirms the QVAR results that the climate change market can be a safe haven against GPR during the Russian invasion. The climate change index, green financial assets, and clean energy are strong influencers in the financial markets and are vital to international peace, reducing geopolitical risk. The study reports a few novel conclusions and implications from a sustainable development perspective.
英文关键词	Climate change; Green finance; Clean energy market; Renewable energy; Sustainable development
语种	英语
WOS研究方向	Green & Sustainable Science & Technology ; Energy & Fuels
WOS类目	Science Citation Index Expanded (SCI-EXPANDED)
WOS记录号	WOS:000918730200001
来源期刊	RENEWABLE ENERGY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/280358
作者单位	Universidad de Castilla-La Mancha; Centre Universitaire Ain Temouchent; University of Murcia; Anhui University of Finance & Economics; Czech University of Life Sciences Prague
推荐引用方式 GB/T 7714	Lorente, Daniel Balsalobre,Mohammed, Kamel Si,Cifuentes-Faura, Javier,et al. Dynamic connectedness among climate change index, green financial assets and renewable energy markets: Novel evidence from sustainable development perspective[J],2023,204.
APA	Lorente, Daniel Balsalobre,Mohammed, Kamel Si,Cifuentes-Faura, Javier,&Shahzad, Umer.(2023).Dynamic connectedness among climate change index, green financial assets and renewable energy markets: Novel evidence from sustainable development perspective.RENEWABLE ENERGY,204.
MLA	Lorente, Daniel Balsalobre,et al."Dynamic connectedness among climate change index, green financial assets and renewable energy markets: Novel evidence from sustainable development perspective".RENEWABLE ENERGY 204(2023).