2022
DOI: 10.1007/s11356-022-24623-z
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Green bonds’ liquidity in COVID-19 and low carbon investments in China: A stochastic trend analysis

Abstract: Central banks and regulators increasingly consider climate-related financial risks (CRFR) relevant to their responsibilities for maintaining financial stability and using daily data from 2016 to 2021 for China. Specifically, we used the S&P Green Bond Price Index, the Solactive Global Solar Price Index, the Solactive Global Wind Price Index, and the S&P Global Clean Energy and Carbon Price Index as our data set. We use the TVP-VAR method to probe return spillovers and interconnectedness. We test several portfo… Show more

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Cited by 3 publications
(1 citation statement)
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“…For instance, a World Bank study discovered that while an increase in oil price can have a short-term negative effect on the economies of nations that are net oil importers, this impact can be reduced over time by investments in domestic oil production and actions to increase energy efficiency. Past studies have noted that both the implementation of climate change policies and the move toward using renewable energy sources contribute to maintaining steady economic growth (Wang and Chang, 2023).…”
Section: Table1 Comparing Correlationsmentioning
confidence: 99%
“…For instance, a World Bank study discovered that while an increase in oil price can have a short-term negative effect on the economies of nations that are net oil importers, this impact can be reduced over time by investments in domestic oil production and actions to increase energy efficiency. Past studies have noted that both the implementation of climate change policies and the move toward using renewable energy sources contribute to maintaining steady economic growth (Wang and Chang, 2023).…”
Section: Table1 Comparing Correlationsmentioning
confidence: 99%