The impacts of El Niño-southern oscillation on renewable energy stock markets: Evidence from quantile perspective

Wei, Yu; Zhang, Jiahao; Chen, Yongfei; Wang, Yizhi

doi:10.1016/j.energy.2022.124949

Cited by 26 publications

(1 citation statement)

References 121 publications

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“…there are still hardly any tradable storage media for renewable energies. Wei et al (2022) suggest that renewable energy markets are quite heterogenous and reflect extreme climate risks, forcing investors to diversify their respective portfolios. For this reason, renewable energies are proxied on the stock exchanges in the form of shares of green energy companies and not as classic commodities.…”

Section: Literaturementioning

confidence: 99%

Oil and renewable energy returns during pandemic

Horky

Mutaşcu

Jarko

2022

Environ Sci Pollut Res

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We explore the global interactions between oil and renewable energy returns during the Covid-19 pandemic between July 2019 and June 2020. Moreover, we reflect on market stress and global economic activity. In order to deal with challenges generated by exogenous shocks coming from financial, economic or pandemic areas, a battery of advanced time–frequency domain methods is applied, ranging from wavelet transformation and wavelet coherency to wavelet cohesion. The main finding shows that pandemic disease is veritable glue for the oil energy–renewable energy nexus, validating their coupling effect. Additionally, the emerging connection between renewable and financial developments is evidenced during the pandemic crisis, although the connection between oil and financial developments is still stronger. Finally, both renewable energy and oil markets have comparably strong relationships with the general global economic activity. The policy implications should follow direct adjustments in the renewable energy area, and subsidiary to cover the behaviour of agents on the capital markets.

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Section: Literaturementioning

confidence: 99%