Renewable Energy Transition: Evidence From Spillover Effects in Exchange-Traded Funds

Lisin, Anton; Senjyu, Tomonobu

doi:10.32479/ijeep.10899

Cited by 6 publications

(4 citation statements)

References 22 publications

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“…The portion of export, the share of intra-GCC trade, the renewable transition of importing countries are all potential channels affecting the oil portfolio's volatility. For example, countries where energy transition has been already implemented, show higher volatility (Lisin and Senjyu, 2021).…”

Section: Data Used In Panel Analysismentioning

confidence: 99%

Net-Zero Policy vs Energy Security: The Impact on GCC Countries

Bigerna,

D’Errico,

Polinori

et al. 2023

The Energy Journal

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Gulf Cooperation Council countries have accumulated large oil portfolio revenues. However, the world economy is seeking to reduce carbon emissions, and in turn, its reliance on fossil fuel resources through investments in renewable energyresources. The aim of this research is to analyze oil portfolio risk from anexporters’perspective, highlighting how relevant determinants, such as the increasing penetration of renewables in the importer counterparties, and financial and policy uncertainty, increase the volatility of oil export portfolios.We construct oil portfolios for four Gulf Cooperation Council countries (Kuwait, Oman, Saudi Arabia, United Arab Emirates) from 2008 to 2018, and compute volatility spillovers à la Diebold and Yilmaz. Then, the effects of policy and economic variables on volatility spillover indices are estimated using different panel linear regression models. We find rising renewable market shares significantly affects oil export portfolio risks and reduces adverse impacts on importing countries of oil market fluctuations.

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Section: Data Used In Panel Analysismentioning

confidence: 99%

Net-Zero Policy vs Energy Security: The Impact on GCC Countries

Bigerna,

D’Errico,

Polinori

et al. 2023

The Energy Journal

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“…Lee and Yang [7] outlined that political systems are direct determinants of energy transitions, with evidence showing several democratic countries unwilling to move away from fossil fuel-based energy. Lisin and Senjyu [8] demonstrated the relationship between financial and stock markets and access to green technologies within a country, having an impact on the renewable energy transition in the country.…”

Section: Introductionmentioning

confidence: 99%

“…According to Cantarero, developing countries presently are lagging behind in the energy transition process because of their unwavering dependence on fossil fuel-based resources, a lack of supporting and enabling policy and legislative frameworks, lack of understanding of societal needs, the level of investments made into renewable energy versus other economic priorities, and the notion of developing countries to look at a one-size-fits-all model without considerations for specific national needs [11] . It is well-documented in the literature that the energy transition process is multifaceted [8] . This paper therefore intends to explore the breath of literature looking at the energy transition globally particularly for developing countries and present a narrative review on the various social, economic and policy considerations that are needed to effectively facilitate the transition process.…”

Section: Introductionmentioning

confidence: 99%

Energy transition in a developing economy: Challenges, prospects and policy considerations

Bynoe,

Moonsammy

2023

Nat. Resour. Conserv. Res.

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Energy transition as a process of decarbonizing energy systems is considered a key mitigation strategy in the global effort to curb rising temperatures stemming from greenhouse gases. The main challenge with the energy transition process has to do with the social, economic, political and technological capacities of a country to undertake this transition process for which developing countries globally are lagging behind. The purpose of this study is the present a policy discussion paper looking at the pertinent social, economic and institutional challenges that developing countries need to consider in its energy transition process. As a case study, the paper also looked at the economy of Guyana, a country that is experiencing an oil and gas boom and also has committed to developing a low carbon development strategy. The paper implemented a narrative literature review and constructed the case study for Guyana utilizing secondary information on policy positions and directives for the energy sector in Guyana. Several pertinent issues within developing countries were identified including centralized and state dominated markets, poor infrastructure to support the transition process, availability of technology, energy justice and energy bullying and a lack of policies that foster community energy systems, energy sensitization and energy investments. These issues also reverberated with Guyana with policy recommendations emphasizing on collective actions needed to address the policy needs of developing countries in their transition process. The issues identified within the policy discussion of this paper can be used by policy makers globally as a potential framework for identifying the research gaps and priority areas to channel resources and technical skills to enhance the energy transition process in developing countries.

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“…Regarding the consulted literature and data availability, besides cryptocurrencies, calculations and analyses are carried out for stocks, bonds, commodities, real estate, foreign exchange, gold, and oil, all assets that are rather common for research. Since there is recognition of renewable energy as the fastest-growing source of energy, as well as an industry with constant value growth (Lisin et al 2021), it was decided to include also this alternative investment in the analysis.…”

Section: Introductionmentioning

confidence: 99%

The Risk and Return of Traditional and Alternative Investments Under the Impact of COVID-19

Aljinović

Marasović

Milićević

2022

Business Systems Research Journal

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Background: In making investment decisions, asset risk and return are two crucial criteria on which investors base their decision. Objectives: This paper provides risk and return analysis and compares different traditional and alternative investments with special emphasis on the COVID-19 crisis. Assets included in the analysis are stocks, bonds, commodities, real estate, foreign exchange, cryptocurrencies, renewable energy sources, gold, and oil. Methods/Approach: The risk measures of standard deviation, Value at Risk (VaR), Conditional Value at Risk (CVaR), and Sharpe ratio are used to compare the representatives of each asset class. Results: The crisis had the highest impact on the risk of crude oil, renewable energy sources, real estate, and stocks, a slightly lower impact on the risk of commodities and gold, and a very low impact on the risk of bonds, foreign exchange, and cryptocurrencies. The order of assets regarding earning potential during the crisis, compared to the period before the crisis, changed significantly for commodities in a positive way and for gold and bonds in a negative way. Conclusions: This research shows that stocks won against all other assets, including gold and cryptocurrencies, during the COVID-19 crisis. The good features of a new alternative investment – renewable energy sources – with excellent earning potential are shown.

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Renewable Energy Transition: Evidence From Spillover Effects in Exchange-Traded Funds

Cited by 6 publications

References 22 publications

Net-Zero Policy vs Energy Security: The Impact on GCC Countries

Net-Zero Policy vs Energy Security: The Impact on GCC Countries

Energy transition in a developing economy: Challenges, prospects and policy considerations

The Risk and Return of Traditional and Alternative Investments Under the Impact of COVID-19

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