Revisiting conventional and green finance spillover in post-COVID world: Evidence from robust econometric models

Article Business, Finance

Is there a cost for sustainable investments: evidence from dynamic conditional correlation

Gagan Deep Sharma et al.

Summary: This study compares the correlation and volatility behavior of sustainable indexes and typical indexes, and concludes that investors can choose sustainable investment avenues without sacrificing returns or risks.

JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT (2023)

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Article Green & Sustainable Science & Technology

Dependence and risk spillovers between green bonds and clean energy markets

Nana Liu et al.

Summary: This study examines the dynamic dependence structure between green bonds (GBs) and global and sectoral clean energy (CE) markets, revealing positive time-varying average and tail dependence between them. It shows that extreme movements in the CE market have a spillover effect on the GB market, and vice versa, with asymmetric risk spillover between these markets.

JOURNAL OF CLEANER PRODUCTION (2021)

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Article Environmental Sciences

Nexus between green finance and climate change mitigation in N-11 and BRICS countries: empirical estimation through difference in differences (DID) approach

Muhammad Atif Nawaz et al.

Summary: The study found that in N-11 countries, factors such as renewable energy consumption, foreign direct investment, CO2 emissions, Human Development Index (HDI), and investment in the energy sector by the private sector have significant impacts on promoting green financing and climate change mitigation. Matching analysis showed mixed results for both treated and untreated countries, with some experiencing improvements while others saw decreases in green financing and climate change mitigation. Overall, the difference in differences (DID) method showed no significant difference among the countries.

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH (2021)

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Article Environmental Sciences

Econometric analysis of COVID-19 cases, deaths, and meteorological factors in South Asia

Mansi Jain et al.

Summary: The study reveals a significant correlation between COVID-19 cases, deaths, meteorological factors, and air pollutant PM2.5, with high temperature and humidity increasing virus transmission. Meteorological factors and PM2.5 have significant effects on the number of COVID-19 confirmed and death cases in the six South Asian countries studied.

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH (2021)

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Article Energy & Fuels

Energy consumption and economic growth in Italy: A wavelet analysis

Cosimo Magazzino et al.

Summary: The study reveals that at lower scales (up to 4 years), the causal influence of economic growth on energy consumption is stronger, while at higher scales, the causal relationship from energy consumption to growth weakens. Bidirectional causality is strengthened at all frequency bands, but the impact of energy consumption on economic growth is observed only at specific frequencies.

ENERGY REPORTS (2021)

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Article Business, Finance

Power purchase agreements with incremental tariffs in local currency: An innovative green finance tool

Farhad Taghizadeh-Hesary et al.

Summary: This study introduces an adjusted PPA model in the local currency framework, suggesting that using tax revenue from the spillover effect of green electricity supply can be a suitable source of financing for PPAs. Developing countries can adopt this model to encourage private investment in green projects by reducing exchange rate risks and increasing returns on investment.

GLOBAL FINANCE JOURNAL (2021)

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Article Mathematics

Interdependence between Green Financial Instruments and Major Conventional Assets: A Wavelet-Based Network Analysis

Roman Ferrer et al.

Summary: This research examines the interdependence between green financial instruments (green bonds and green stocks) and major conventional assets, finding that green bonds are closely linked to Treasury and investment-grade corporate bonds, while green stocks are strongly tied to general stocks. Despite sharing a climate-friendly nature, green bonds and green stocks are essentially two independent asset classes.

MATHEMATICS (2021)

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Article Economics

Public spending and green economic growth in BRI region: Mediating role of green finance

Dongyang Zhang et al.

Summary: The study found that public spending on education, research, and development (R&D) has fluctuating impacts on green economic growth and energy efficiency in Belt and Road Initiative (BRI) member countries, mainly due to non-serious nature of government policies. The research also revealed that investment in human resources and green energy technologies can lead to a sustainable green economy through labor and technology-oriented production activities.

ENERGY POLICY (2021)

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Article Economics

Extreme return connectedness and its determinants between clean/green and dirty energy investments

Tareq Saeed et al.

Summary: This study uses quantile-based estimators to measure return connectedness between clean energy stocks, green bonds, crude oil, and energy ETF at the left and right tails. The research finds that return connectedness is larger at both tails, indicating the inappropriateness of using mean-based measures. Additionally, it shows that return connectedness measures vary with time but are less volatile in the tails, demonstrating asymmetric behavior.

ENERGY ECONOMICS (2021)

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Article Business, Finance