Return spillovers between green energy indexes and financial markets: a first sectoral approach
No 2021-24, EconomiX Working Papers from University of Paris Nanterre, EconomiX
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
New Economics Papers: this item is included in nep-ene, nep-env and nep-fdg
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Persistent link: https://EconPapers.repec.org/RePEc:drm:wpaper:2021-24
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