Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323295 
Year of Publication: 
2023
Citation: 
[Journal:] Annals of Operations Research [ISSN:] 1572-9338 [Volume:] 347 [Issue:] 1 [Publisher:] Springer US [Place:] New York, NY [Year:] 2023 [Pages:] 445-469
Publisher: 
Springer US, New York, NY
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.
Subjects: 
Climate risk
Clean energy
Technology stocks
Energy transition
JEL: 
G10
Q42
Q54
Q55
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.