Climate policy uncertainty and comparative reactions across sustainable sectors: Resilience or vulnerability?

Nader Naifar

Finance Research Letters, 2024, vol. 65, issue C

Abstract: This paper investigates the impact of climate policy uncertainty (CPU) on clean energy, green, and environmentally and socially responsible (ESG) investment markets utilizing a novel quantile-on-quantile connectedness approach developed by Gabauer and Stenfors (2024). Empirical findings indicate (i) the resilience of green bonds to CPU, (ii) the high sensitivity of the clean energy sector to CPU dynamics, and (iii) the vulnerability of ESG investment to high CPU. The findings have several important implications for investors, financial analysts, and policymakers.

Keywords: Green bonds; Clean energy; ESG investments; Quantile-on-quantile connectedness (search for similar items in EconPapers)
JEL-codes: C2 C22 G1 G15 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324005737
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:finlet:v:65:y:2024:i:c:s1544612324005737

DOI: 10.1016/j.frl.2024.105543

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

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