Publication:
Dynamic connectedness among climate change index, green financial assets and renewable energy markets: Novel evidence from sustainable development perspective

Simple item page
dc.contributor.authorBalsalobre Lorente, Daniel
dc.contributor.authorMohammed, Kamel Si
dc.contributor.authorCifuentes Faura, Javier
dc.contributor.authorShahzad, Umer
dc.contributor.departmentCiencia Política, Antropología Social y Hacienda Pública
dc.date.accessioned2026-02-13T08:51:00Z
dc.date.available2026-02-13T08:51:00Z
dc.date.copyright© 2022 Elsevier Ltd.
dc.date.issued2023-03-01
dc.description.abstractThis 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 COVID-19 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.
dc.formatapplication/pdf
dc.format.extent12
dc.identifier.citationRenewable Energy, 204, 94-105.
dc.identifier.doihttps://doi.org/10.1016/j.renene.2022.12.085
dc.identifier.eissn1879-0682
dc.identifier.issn0960-1481
dc.identifier.urihttp://hdl.handle.net/10201/204861
dc.languageeng
dc.publisherElsevier Ltd
dc.relationSin financiación externa a la Universidad
dc.relation.publisherversionhttps://www.sciencedirect.com/science/article/abs/pii/S096014812201881X?via%3Dihub
dc.rights.accessRightsinfo:eu-repo/semantics/restrictedAccess
dc.subjectClimate change
dc.subjectGreen finance
dc.subjectClean energy market
dc.subjectRenewable energy
dc.subjectSustainable development
dc.subject.odsObjetivo 7: Energía
dc.subject.odsObjetivo 8: Crecimiento económico
dc.subject.odsObjetivo 13: Cambio climático
dc.titleDynamic connectedness among climate change index, green financial assets and renewable energy markets: Novel evidence from sustainable development perspective
dc.typeinfo:eu-repo/semantics/article
dc.type.versioninfo:eu-repo/semantics/publishedVersion
dspace.entity.typePublicationes
relation.isAuthorOfPublicationa6138dea-1d3d-4501-b79e-405d3cbb03fd
relation.isAuthorOfPublication.latestForDiscoverya6138dea-1d3d-4501-b79e-405d3cbb03fd
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
2023_Renewable Energy.pdf
Size:
733.07 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.37 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Artículos