A dynamic connectedness analysis between rare earth prices and renewable energy

Mara Madaleno, Dilvin Taskin, Eyup Dogan and Panayiotis Tzeremes

Resources Policy, 2023, vol. 85, issue PB

Abstract: Current world environmental challenges put pressure on clean energy produced mostly through renewables. There is an undeniably important role of rare earth minerals in renewable energy technologies. This study aims to infer the relationship between rare earth, clean energy, renewable energy technologies, and carbon emissions, focusing on daily stock price index data and applying the novel quantile time-frequency connectedness model, and the cross-quantilogram dependence approach during 2012–2022. Results show that spillovers among rare earth minerals and renewable energy are dependent on market conditions, time horizons, and analyzed quantiles. They also highlight the net receiver role of rare earth, especially in the short term. Findings might help investors understand diversification benefits and support policymakers in developing strategies for lessening import dependence on rare earth metals, as important as they are for renewable technology adoption to ensure green growth.

Keywords: Rare earth minerals; Clean energy; Renewable energy technology (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:85:y:2023:i:pb:s0301420723005998

DOI: 10.1016/j.resourpol.2023.103888

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