Analyzing Crisis Dynamics: How metal-energy Markets influence green electricity investments

Stéphane Goutte and Mayssa Mhadhbi

Energy Economics, 2024, vol. 134, issue C

Abstract: The world continues to face major economic challenges due to crises that have a considerable impact on energy consumption. Since the global energy crisis, energy commodity costs have risen, and economic slowdowns in various regions continue to influence electricity market trends. Clean energy markets, propelled by the growing interest of economic entities and investors, are now interconnected with several commodity markets. In this context, energy metals play a crucial role in influencing the dynamics of the clean energy and particularly electricity markets. This study takes a close look at the complex interconnections between clean energy indices and the metals market, focusing on volatility dynamics. Drawing on advanced methodologies, including the Diebold and Yilmaz method, we unveil the complex relationships that link these markets. Our results reveal distinct patterns and interactions, highlighting the nuanced nature of the connection between clean energy indices and metal prices. The insights revealed have significant implications for policymakers and investors seeking to align their strategies with sustainable energy transitions and ensure financial stability. By enhancing our understanding of the interdependencies between clean energy indices and metals markets, this research provides valuable guidance for navigating the changing clean energy investment landscape.

Keywords: Clean energy; Electricity market; Energy metals; Stock market; Spillover connectedness; Energy transition (search for similar items in EconPapers)
JEL-codes: D04 G11 L61 L94 O13 Q47 (search for similar items in EconPapers)
Date: 2024
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Working Paper: Analyzing Crisis Dynamics: How metal-energy Markets influence green electricity investments (2024)
Working Paper: Analyzing Crisis Dynamics: How metal-energy Markets influence green electricity investments (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:134:y:2024:i:c:s0140988324003220

DOI: 10.1016/j.eneco.2024.107614

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