Return spillovers between green energy indexes and financial markets: a first sectoral approach

Capucine Nobletz

No 2021-24, EconomiX Working Papers from University of Paris Nanterre, EconomiX

Abstract: This paper assesses the interconnectedness between global green energy and sectoral stock indexes. We show that green energy return spillovers need to be monitored. The green energy index has a significant degree of financial openness, and it is tightly interconnected with sectors producing similar goods as materials or industrials. Over time, the green energy return spillovers vary according to global events and economic/financial uncertainties. Spillovers rose during the pandemic crisis, illustrating the "fly to liquidity" mechanism.

Keywords: Marchés financiers; Indices boursiers verts; Indices sectoriels; Analyse de réseaux (search for similar items in EconPapers)
JEL-codes: C32 G15 Q42 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2021
New Economics Papers: this item is included in nep-ene, nep-env and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:drm:wpaper:2021-24

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