Climate risk and the nexus of clean energy and technology stocks

Elie Bouri, Tom L. Dudda, Lavinia Rognone and Thomas Walther ()
Additional contact information
Elie Bouri: Lebanese American University
Tom L. Dudda: Technische Universität Dresden
Lavinia Rognone: The University of Manchester
Thomas Walther: Technische Universität Dresden

Annals of Operations Research, 2025, vol. 347, issue 1, No 18, 445-469

Abstract: Abstract We examine the impact of climate risks on the nexus of clean energy and technology stocks using a time-varying correlation model. We find that physical and transition climate risks are positively associated with the long-term correlation between clean energy and technology stock indices, whereas the effect of transition risk is more robust to different sample periods and alternative stock indices. On the contrary, the short-term correlation tends to decrease after shocks to physical risk, since clean energy stocks react more strongly to physical risk shocks than technology stocks.

Keywords: Climate risk; Clean energy; Technology stocks; Energy transition (search for similar items in EconPapers)
JEL-codes: G10 Q42 Q54 Q55 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10479-023-05487-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:annopr:v:347:y:2025:i:1:d:10.1007_s10479-023-05487-z

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10479

DOI: 10.1007/s10479-023-05487-z

Access Statistics for this article

Annals of Operations Research is currently edited by Endre Boros

More articles in Annals of Operations Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().