Spotlighting energy sector through green transition attention

Roy Cerqueti and Kevyn Stefanelli

Energy, 2025, vol. 335, issue C

Abstract: Environmental concerns are increasingly shaping investment strategies in the energy market. Although the energy transition offers various opportunities, a full shift to a net-zero emissions system remains unfeasible in the near term, and the recent geopolitical tensions remark a still strong reliance of the global economy on fossil fuels. In this paper, we develop a measure of media attention to environmental risk and dynamically assess its impact on the financial performance of energy stocks. Specifically, we build a Green Transition Attention Index (GTAI) by scraping headlines from The Wall Street Journal, a key resource for global investors, and use it to model the company’s financial returns within an asset pricing framework, subsetting results by region and energy sub-sector. The findings reveal a time-dependent relationship, with varying impact in both sign and magnitude. This suggests the GTAI as a tool for investors to navigate uncertainty, protect portfolios, and seize opportunities during the energy market’s transition toward identifying the dominant energy source of the coming decades.

Keywords: Green transition; Energy; Web scraping; Asset pricing (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S036054422503453X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:335:y:2025:i:c:s036054422503453x

DOI: 10.1016/j.energy.2025.137811

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().