Role of Climate Risk in the Oil Price Dynamics

Aliyu Akorede Rufai, Kingsley Imandojemu and Tubobanimi Inoma Abbiyesuku ()
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Tubobanimi Inoma Abbiyesuku: Economics Department, Babcock University, Nigeria

Energy RESEARCH LETTERS, 2024, vol. 5, issue 2, 1-5

Abstract: This study explores the time-frequency role of climate risk in the oil price dynamics using wavelet techniques. The findings show that oil prices are affected by climate risk, although some interdependent relationships are evident between the two variables in the long run.

Keywords: Climate risks; Oil stock; Wavelet transformation (search for similar items in EconPapers)
JEL-codes: G11 Q51 Q53 Q54 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ayb:jrnerl:102

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