Climate risk and the nexus of clean energy and technology stocks

Elie Bouri, Tom L. Dudda, Lavinia Rognone, Thomas Walther

Research output: Contribution to journalArticlepeer-review

Abstract / Description of output

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 stocks, whereas the effect of transition risk is more persistent. In contrast, the short-term correlation tends to decrease after shocks to physical climate risk, as clean energy stocks react more strongly to physical risk shocks than technology stocks.
Original languageEnglish
Number of pages25
JournalAnnals of Operations Research
Early online date27 Jul 2023
DOIs
Publication statusE-pub ahead of print - 27 Jul 2023

Keywords / Materials (for Non-textual outputs)

  • climate risk
  • clean energy
  • technology stocks
  • energy transition

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